Recently, Arbitrum has broken out of a ten-day trading range, indicating potential upward movement after minor retracement. ARB surged by 14.2% in 24 hours and 20.2% over the past week, contrasting with Bitcoin’s decline. Its market cap reached around 3 billion USD with a 222% rise in trading volume, suggesting strong bullish trends.
Over the past ten days, ARB’s price ranged from 0.473 USD to 0.572 USD, with recent gains clearing resistance levels. Future price movements will heavily depend on market sentiment and Bitcoin’s ability to maintain prices above 114,800 USD to 115,000 USD, providing a basis for bullish expectations.
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