LIVEThe current price of Arbitrum (ARB) is approximately $0.961. Let’s explore the price predictions and forecasts for Arbitrum:
Short-Term Prediction (June 17, 2024):
Based on our current analysis, the price of Arbitrum is predicted to rise by 224.89% and reach $3.22 by June 17, 20241.
The sentiment is currently bearish, and the Fear & Greed Index shows 72 (Greed)1.
Arbitrum recorded 11/30 (37%) green days with 6.51% price volatility over the last 30 days1.
Long-Term Predictions (2025–2030):
2025: The yearly low for Arbitrum is estimated at $0.99, while the high could reach $4.631.
2026: The price may range from $0.83 to $2.601.
2027: Predicted range: $0.91 to $1.841.
2028: Estimated range: $1.33 to $3.121.
2029: Anticipated range: $2.47 to $6.151.
2030: Expected range: $2.44 to $3.961.
Technical Analysis:
The 200-day Simple Moving Average (SMA) is projected to rise to $1.60 by June 17, 20241.
The short-term 50-day SMA is estimated to reach $1.59 by the same date1.
Remember that these predictions are based on historical price movements, technical indicators, and market conditions. Always seek professional advice before making any investment decisions. 🚀📈
Disclaimer: This is not investment advice. The information provided is for general purposes only.