📊🔮 Price Forecast for Arbitrum (ARB) on August 24, 2025
The Arbitrum (ARB) coin is experiencing noticeable fluctuations after its recent rise to $0.61, currently trading at $0.588 with strong resistance at $0.60.
✅ Technical Indicators:
RSI at 55 (indicates neutrality after a state of overbought).
Supertrend (4H) supports the upward trend with support at $0.51.
DMI shows dominance of the upward wave with an increase in trend strength (ADX).
Fibonacci sets the average target at $0.74 in case the breakout continues.
📈 Positive Scenario (Bullish):
Breaking the $0.60 level could push the price towards $0.65 then $0.74, with the possibility of later reaching $0.85.
📉 Negative Scenario (Bearish):
Failing to hold above $0.58 may bring the price back to test $0.55 then $0.51.
Breaking $0.50 negates the bullish outlook and threatens a return to $0.45.
🔎 Summary:
Despite strong resistance at $0.60, technical data and wallet flows indicate a short-term upward bias, with the importance of closely monitoring the $0.60 area.
⚠️ Disclaimer: This analysis is for educational purposes only and is not considered investment advice. Always do your own research before making any financial decisions.
