Rally Signal in Arbitrum (ARB): Is the Big Rise Starting?

Arbitrum, one of the leading names in Layer-2 projects, has not been able to start an uptrend for a while. The popular altcoin, which has been exposed to selling pressure due to BTC remaining below $ 60,000, the Layer-2 trend not starting and the token economy, has slowly started to give an uptrend signal. $ARB , which has been in a downtrend since April 1, was broken on September 11 and headed towards higher levels.

Downtrend breaks usually indicate an increase. The Layer-2 coin, which left $ 0.50 behind on September 11, is currently drawing a calm price structure. ARB, which found buyers at $ 0.5997 at the time of writing, 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 an increase of over 40 percent.

Bitcoin may fall if it falls below $ 60,000, if dominance increases, or if Layer-2s cannot hold the trend. The parity's raid on the bottom region can make it difficult to determine the support level. $ARB investors can follow the exact numbers as support in this process.

For example, since the levels of $ 0.40 and $ 0.30 can act as psychological support, a buying reaction can be expected from these levels. The loss of the last bottom level of $ 0.46 will be a sign of new selling pressure.

#KIP #KIPprotocol #CryptoDeNostradame #MOGUL #MogulProdustions