The last price of one Arbitrum coin/$ARB is $0.4225. In the last 24 hours, it has increased by 1.48%. 49.22% of the days, the ARB price closed above the opening price.
Based on 17 technical indicators, 10 buy signals and 6 sell signals, the short-term forecast based on price technical analysis is bullish. The first important resistance of the upward trend for ARB is at $0.4407. To continue the growth, it needs to close above this level. The lower support is at $0.3767. Thus, if the price drops below $0.3767, we may see further price decline. If ARB closes above $0.4407, it could rise to the next resistance level at $0.5157.
The 14-day Relative Strength Index (RSI) is currently at 70.76, indicating overbought conditions, and overbought signals that the price may fall in the near future.
On the daily chart, the exponential moving averages show a bullish signal. The price of Arbitrum is currently above the 50-day and 100-day exponential moving averages. The 200-day exponential moving average is at $0.4407,
