demand for the ARB increases
The ARB crypto has been trading at $1.1519 at press time. The technical indicators are bullish, as MACD displayed a bullish cross, with rising histogram at 0.0321. The RSI flashed at 54.82 and has taken support from 14-SMA.
The Arbitrum bulls are trying to rejuvenate their control, and the short-term consolidation could show a fruitful spike, once it passes the dynamic resistance of 50-day, and 200-day EMA's.
Therefore, if the demand for the ARB increases, it could bounce back with massive strength from the current level. The next goal for the price could be reaching $1.547 and $2.400 price levels.
However, if the Arbitrum crypto price fails to sustain above the $1.000 level, it could decline and reach lower levels.
The Arbitrum bulls are trying to rejuvenate their control, and the short-term consolidation could show a fruitful spike, once it passes the dynamic resistance of 50-day, and 200-day EMA's.
Therefore, if the demand for the ARB increases, it could bounce back with massive strength from the current level. The next goal for the price could be reaching $1.547 and $2.400 price levels.
However, if the Arbitrum crypto price fails to sustain above the $1.000 level, it could decline and reach lower levels.
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