Arbitrum (ARB) managed to reclaim the US$0.13–US$0.14 zone, which had previously served as resistance for months. After breaking through that area, ARB performed a retest before moving higher again.
The latest ARB price is around US$0.153, after posting a gain of nearly 15 percent in 24 hours. This move makes the US$0.135–US$0.145 area the next important zone for determining whether the previous breakout can be sustained.
If the US$0.135–US$0.145 area truly turns into support, ARB could face initial resistance at US$0.158–US$0.160. After that, the next levels are around US$0.18 and US$0.20–US$0.21.
Further projections place US$0.28 as the next target, nearly 90 percent above the US$0.148 area seen on the chart. However, that target only becomes relevant if ARB is able to clear a number of resistances above it. Conversely, losing US$0.13 on a daily close would begin to weaken that resistance-to-support flip structure. #ArbitrumBOLD
The latest ARB price is around US$0.153, after posting a gain of nearly 15 percent in 24 hours. This move makes the US$0.135–US$0.145 area the next important zone for determining whether the previous breakout can be sustained.
If the US$0.135–US$0.145 area truly turns into support, ARB could face initial resistance at US$0.158–US$0.160. After that, the next levels are around US$0.18 and US$0.20–US$0.21.
Further projections place US$0.28 as the next target, nearly 90 percent above the US$0.148 area seen on the chart. However, that target only becomes relevant if ARB is able to clear a number of resistances above it. Conversely, losing US$0.13 on a daily close would begin to weaken that resistance-to-support flip structure. #ArbitrumBOLD
