🚀 According to AMBCrypto: $ARB Now Ready for a Mega Pump?
AMBCrypto analyzed Santiment’s data to see what metrics had to suggest regarding a bull rally for ARB. We found that whale activity around the token remained high last week.
Investors’ confidence in ARB also increased, which was evident from the sharp rise in its total amount of holders.
Additionally, the token’s MVRV ratio also improved, suggesting that ARB might indeed start a bull rally. However, its NVT ratio looked troublesome as it shot up.
A rise in the metric indicates that an asset is overvalued, signaling a possible price correction.
Though the NVT ratio hinted at a price drop, technical indicators continued to remain bullish on the token. An analysis of Arbitrum’s daily chart revealed that its Money Flow Index (MFI) went northward.
The Chaikin Money Flow (CMF) also registered an uptick, indicating that the chances of a bull rally were high.
At press time, $ARB is trading at:
- $1.4247 on KuCoin exchange;
- $1.4245 on WhiteBIT exchange;
- $1.4248 on OKX echange
