ARB is trading around $0.165–$0.167, after a very strong move from roughly $0.133 on Sep 14.
Technical picture
Trend: Short-term bullish, but currently pulling back/consolidating after the sharp rally.
Resistance: $0.170–$0.174, then $0.185–$0.190.
Support: $0.162, $0.160, then $0.153–$0.154.
A sustained break above $0.174 could open the way toward the $0.185–$0.190 area.
Losing $0.160 would weaken the immediate bullish structure and make $0.153–$0.154 important.
TradingView currently shows a strong-buy daily technical reading, while its 1-month reading is neutral, highlighting the difference between the recent momentum and the broader trend.
Catalyst: Standard Chartered recently initiated ARB coverage with a long-term $10 target, while Arbitrum's Robinhood Chain-related revenue has increased attention around the ecosystem.
Possible short-term setup
Long zone: $0.160–$0.164
SL: $0.153
TP1: $0.174
TP2: $0.185
TP3: $0.200
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$ARB
$AVA
$ONE
Technical picture
Trend: Short-term bullish, but currently pulling back/consolidating after the sharp rally.
Resistance: $0.170–$0.174, then $0.185–$0.190.
Support: $0.162, $0.160, then $0.153–$0.154.
A sustained break above $0.174 could open the way toward the $0.185–$0.190 area.
Losing $0.160 would weaken the immediate bullish structure and make $0.153–$0.154 important.
TradingView currently shows a strong-buy daily technical reading, while its 1-month reading is neutral, highlighting the difference between the recent momentum and the broader trend.
Catalyst: Standard Chartered recently initiated ARB coverage with a long-term $10 target, while Arbitrum's Robinhood Chain-related revenue has increased attention around the ecosystem.
Possible short-term setup
Long zone: $0.160–$0.164
SL: $0.153
TP1: $0.174
TP2: $0.185
TP3: $0.200
#ARB #FCARaidsThreeLondonIllegalCryptoSites #ElSalvadorBTCHoldingsRiseTo7777 #MemeLaunchpads82%OfArcDayOneVolume #levelsabovemagical
$ARB
$AVA
$ONE