Currently, the price of Arbitrum (ARB) is 0.99 USD. Below is a detailed analysis of support levels, resistance levels, price patterns, technical signals, and investment strategies for ARB:
1. Strongest support and resistance areas: • Strong support: • 0.50 USD: An important support level where the price has bounced multiple times in the past. • 0.75 USD: A deeper support level that has held firm during strong corrections. • Strong resistance: • 1.50 USD: An important resistance level that needs to be surpassed to establish a long-term uptrend. • 2.00 USD: The next resistance level, close to ARB's historical peak.
2. Nearest support and resistance areas: • Nearest support: • 0.90 USD: The nearest support level where the price has reacted in recent trading sessions. • Nearest resistance: • 1.10 USD: The nearest resistance level that needs to be surpassed to continue the short-term uptrend.
3. Best entry points: • 0.90 USD: The nearest support level, suitable for opening a buy position. • 0.75 USD: A strong support level, can consider buying more if the price adjusts back here.