Current Price: $1.03
Project: Arbitrum is a second layer solution for the Ethereum network aimed at speeding up transactions and reducing gas fees, and is considered one of the strongest L2 projects by adoption.
Analytical Opinion: After the recent correction and the drop of the currency from levels of $1.25, ARB is holding around strong support near $1.00, which may create an attractive area for speculators. Technical indicators show the beginning of a selling exhaustion.
Entry and Exit Opportunities (Scalping or Short Swing):
Good Entry Area: $1.01 – $1.03
Short-Term Targets:
First Target: $1.08
Second Target: $1.13
Stop Loss: Clear break of the $0.97 area
