Quick Technical Analysis for Arbitrum (ARB) – May 3, 2025
The current price of ARB is $0.3329, with a slight decrease of -1.33% over the past 24 hours.
Technical Indicators:
• RSI at 51.73 → Neutral
• MACD shows a weak sell signal
• Williams %R indicates a potential buy
• ROC gives a buy signal
• ADX shows weakness in the overall trend
Outlook:
• Short-term: price may move between $0.3357 and $0.3537
• Medium-term: expectations of the price reaching $1.09 next month
Note: ARB is still moving within a downward channel, with a clear decline in trading volume by 68%, reflecting weakness in the current momentum.
Recommendation: Monitor movements closely, and buying opportunities may be strong if the upcoming resistance is breached $ARB
