ARB prices burst past $1.74 and could target $2 next.
The OBV has also begun to trend higher to underline buying pressure.
Arbitrum [ARB] prices surged enormously to reach $1.79 at press time. CoinGecko noted that this is ARB’s all-time high, although TradingView data from Binance showed ARB reached $1.82 on the 18th of April 2023.
The emergence of Layer 2 solutions to address the problem of scalability was a necessity due to the growing transaction fee and slower processing speeds. Arbitrum saw heightened user activity in December and a growth in revenues.
Two key levels near $1.8 are expected to act as resistance but…
Source: ARB/USDT on TradingView
The one-day chart above shows that the 22nd of November was a turning point. The $0.93-$1 resistance region was flipped to support and saw prices bounce higher.
On the 25th of November, the market structure on the D1 chart flipped bullishly and has remained so since then.
The RSI has also mostly stayed above neutral 50 in the past s
We współpracy z: https://ambcrypto.com/arbitrum-price-targets-2-will-predictions-beat-2023s-high/
