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Crypto De Nostradame
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Bullish
Good news for Arbitrum (ARB) investors: The longing is coming to an end!
Arbitrum ($ARB ), one of the favorite altcoins of Turkish crypto investors, broke the 161-day downtrend.
Arbitrum, one of the leading names in Layer-2 projects, had been annoying its investors for a long time. ARB, which was constantly exposed to selling pressure due to BTC's weak performance, Layer-2s' inability to trend and its tokenomics, finally gave a positive signal. Arbitrum, which has been pricing in a downtrend since April 1, may have broken and signaled a 53 percent increase.
#Arbitrum , which has been showing a weak outlook since April, may have turned the needle. The popular altcoin, which broke the downtrend on September 9, has not yet been able to make a clear attack. However, the technical appearance supports the rise of Arbitrum. As of the writing of the news, ARB, which has found buyers at $0.51, may want to test $0.80 - $0.99 - $1.23 - $1.45 - $1.61 and $1.80, respectively, if it starts to rise. Even reaching the first target from the current level corresponds to a 53.30 percent increase.
Factors such as Bitcoin's decline again, the increase in #BTC dominance or the fall of Layer-2s from favor will undermine ARB's momentum. Currently, its pricing at low levels may make it difficult to determine the support level. Investors can follow full numbers as support during this process. For example, the $0.40 and $0.30 regions can serve as psychological support. The loss of the recent low level of $0.46 will ring the alarm bells.
Arbitrum ($ARB ), one of the favorite altcoins of Turkish crypto investors, broke the 161-day downtrend.
Arbitrum, one of the leading names in Layer-2 projects, had been annoying its investors for a long time. ARB, which was constantly exposed to selling pressure due to BTC's weak performance, Layer-2s' inability to trend and its tokenomics, finally gave a positive signal. Arbitrum, which has been pricing in a downtrend since April 1, may have broken and signaled a 53 percent increase.
#Arbitrum , which has been showing a weak outlook since April, may have turned the needle. The popular altcoin, which broke the downtrend on September 9, has not yet been able to make a clear attack. However, the technical appearance supports the rise of Arbitrum. As of the writing of the news, ARB, which has found buyers at $0.51, may want to test $0.80 - $0.99 - $1.23 - $1.45 - $1.61 and $1.80, respectively, if it starts to rise. Even reaching the first target from the current level corresponds to a 53.30 percent increase.
Factors such as Bitcoin's decline again, the increase in #BTC dominance or the fall of Layer-2s from favor will undermine ARB's momentum. Currently, its pricing at low levels may make it difficult to determine the support level. Investors can follow full numbers as support during this process. For example, the $0.40 and $0.30 regions can serve as psychological support. The loss of the recent low level of $0.46 will ring the alarm bells.
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ARB
0.5737
+11.24%
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