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Arbitrum

Arbitrum | ARB ( Whales buy the dip )The price of Arbitrum is $1.48 today with a 24hour trading volume of 818 million dollar. This represents a 12.50% price increase in the last 24 hours with a circulating supply of 1.3 Billion ARB. Whales buy the dip! but why ? after Arbitrum started distributing governance tokens to eligible decentralized autonomous organizations, some whales have been adding to their stacks. Earlier today, one address holding 1.95 million Arbitrum governance tokens, worth roughly $2.7 million, received nearly 200,000 dollar in ARB from Binance at the time, the price of one token was 1.38 Not long before, a second address holding 1.78 million governance tokens ,worth 2.5 million dollar, spent 80 ETH on buying roughly 146,000 worth of ARB at 1.34 dollar per token. Arbitrum, the leading Layer 2 network on Ethereum, began distributing governance tokens to DAOs earlier this week. Its core team previously designated 1.13% of the overall 10 billion governance token supply, equivalent to 113 million ARB with a current value exceeding 145million, to be distributed among qualifying projects in the Arbitrum ecosystem. he distribution of governance tokens to DAOs is intended to help bootstrap activity on the Arbitrum network. The tokens may be allocated to projects' treasuries or used for other objectives, as determined by the respective DAOs. Projects receiving governance tokens include Uniswap, Sushi, Aave, GMX, Hop Protocol, Radiant Capital, Balancer, Synapse, MakerDAO, Curve, Layer Zero and 1inch. next targets are 1.5 and 1.5$
Long
by moonypto
3
Waiting on breakout for LONG Trade - ARBBINANCE:ARBUSDT (1D CHART) Technical Analysis Update ARB is currently trading at $1.8838 and showing overall bullish sentiment. Price is playing inside the triangle and tested the support zone multiple times and now its looking to bounce back from the support. This bounce back could break the resistance. We are looking at a LONG trade if the price breaks the resistance line. Entry level: $ 2.2188 (after candle close above this price) Stop loss level: $ 1.7284 Target 1: $ 2.395 Target 2: $ 2.624 Target 3: $ 3.024 Target 4: $ 3.6069 Max Leverage: 3x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
Should you buy this layer-2 token?Arbitrum stands out as a premier layer-2 scaling solution, witnessing a remarkable surge in its token price, soaring by over 300% from its recent low of $0.5 to $2.4. This surge has captivated the attention of investors, especially amidst the bullish sentiments of 2024. Presently, the token's trajectory indicates a bearish trend, hovering close to its support level of $1.7, which also aligns with the 0.618 Fibonacci retracement level. An anticipated unlocking of $2 billion worth of tokens is slated for March 16, 2024. Following this event, there may be opportunities to acquire the token at levels of $1.5 and $1.2.
Short
by teakfinance
ARB ANALYSIS (4H)On the chart, from where we entered "START", we seem to see a correction. This correction seems to be a diametric. There was a suitable place for the termination of the F wave on the chart, which we marked with red color. If the price reaches this range, you can enter a sell/short position. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
ARB/USDT Keep an eye on the demand, Potential Bounce hard!!💎 ARB has witnessed significant developments in the market. After achieving a new all-time high (ATH), the price has experienced a significant decline, and there is a possibility that it will continue to drop until it reaches the demand area around the 1.37 area. 💎 Once it reaches this demand area, there is potential for a bounce, which could lead to a continuation of the upward movement and the probability of setting a new ATH. 💎 However, if ARB reaches the demand area and does not show a positive response, such as consolidating in that region, this could be a concerning sign. 💎 It suggests that there is potential for the price to break down below the demand area and continue its downward trajectory, possibly heading towards the next lower demand area or even reaching the key support area.
by MyCryptoParadise_Nathan
ARB/USDT Bullish continuation from demand ?🚀ARB Today Analysis💎 Get ready, Paradisers! #ARBUSDT is on the brink of what looks like a profitable leap, showing all the signs of picking up steam from its current demand zone. 💎 Diving into #ARBITRUM latest trends, it took a little dip below the demand level, nudging the market vibe towards the sell side. Yet, with the price brushing against buying liquidity around this key point, a bullish rebound from the deeper demand at $1.3823 seems on the horizon. If LSE:ARB can keep up the pace after hitting this mark, we're potentially looking at a climb towards the juicy supply zone at $2.4078. 💎 But let's not forget, the trading arena is all about staying one step ahead. Should our star player fail to keep the bullish energy alive from its lower stance, a further drop could be in the cards.
Long
by MyCryptoParadise_Simon
1
ARB/USDT bullish horizon what next? 👀🚀ARB Analysis💎 Paradisers, get ready for a promising trading opportunity with #ARBUSDT, as it's showing an increasing likelihood of a bullish continuation from its current demand zone. 💎 Reflecting on #Arbitrum's past performance, we've noted its pattern of creating equal highs followed by a downward trend. At this juncture, we anticipate that it may initially break low, setting the stage for a high probability of a bullish move from the demand level at $1.4362. If the price can maintain its momentum at this level, we aim for a strong push towards the supply zone at $2.4171. 💎 However, as seasoned traders, we're always prepared with a contingency plan. Should the aforementioned scenario not materialize, we anticipate #ARB to make a bullish rebound from a lower demand level at $1.3095. Be aware, though, that falling below this level could lead to a significant bearish movement.
Long
by MyCryptoParadise