🧩 Arbitrum (ARB) #alphacoins
🔧 Use Case:
Layer‑2 scaling on Ethereum: Enables cheap, fast transactions via Optimistic Rollups; used extensively in DeFi and dApps.
📊 Technical Overview:
Current Price: ~$0.303.
Support Zones:
Near $0.689–0.650, showing a base for DCA strategies .
Likely bounce zone at $0.303 if rebound fails near higher supports.
Resistance Zones:
**$0.78–0.80:** ideal entry range per analysts .
Then upward targets at $0.866, $0.907, and possibly $1.069 .
Picture:
Descending triangle breakout above $0.78 may trigger ~46% rally .
If support fails, watch for downside to $0.65 or lower.
🛠 Setup Example:
Entry: around $0.78–0.80.
Stop-loss: below $0.75 or $0.70 (invalidating base).
Profit targets: scale at $0.866, $0.907, $1.07.