Arbitrum (ARB) Price Prediction 2024, 2025–2030

Explore short and medium-term Arbitrum price prediction analysis and check long-term Arbitrum forecasts for 2025, 2030, and beyond

5-Day Prediction
$?0.677553
1-Month Prediction
$?1.706447
3-Month Prediction
$?1.797519
6-Month Prediction
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1-Year Prediction
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2025 Prediction
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2030 Prediction
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2040 Prediction
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2050 Prediction
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Current Price $?0.52374
Price Prediction $?1.706447  (227.83%)
Fear & Greed Index 69 (Greed)
Sentiment Bearish
Volatility 6.27%
Green Days 14/30 (47%)
50-Day SMA $?0.558077
200-Day SMA $?0.797548
14-Day RSI 42.09

According to our current Arbitrum price prediction, the price of Arbitrum is predicted to rise by 227.83% and reach $?1.706447 by November 26, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 69 (Greed). Arbitrum recorded 14/30 (47%) green days with 6.27% price volatility over the last 30 days. Based on the Arbitrum forecast, it's now a bad time to buy Arbitrum.

$
≈ $?3,692.69

If you invest $?1,000.00 in Arbitrum today and hold until Dec 04, 2024, our prediction suggests you could see a potential profit of $?3,692.69, reflecting a 369.27% ROI over the next 37 days (fees are not included in this estimate).

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Short-Term Arbitrum Price Targets

DatePredictionPotential ROI
Oct 28, 2024$?0.520529
0.61%
Oct 29, 2024$?0.548502
4.73%
Oct 30, 2024$?0.584526
11.61%
Oct 31, 2024$?0.628524
20.01%
Nov 01, 2024$?0.677553
29.37%

Over the next five days, Arbitrum will reach the highest price of $?0.677553 on Nov 01, 2024, which would represent 29.37% growth compared to the current price. This follows a -6.81% price change over the last 7 days.

Arbitrum Prediction Table

202420252026202720282029203020402050
MonthMin. PriceAvg. PriceMax. PricePotential ROI
Oct 2024$?0.520529$?1.051615$?1.767365
237.45%
Nov 2024$?1.608648$?2.07$?2.46
369.27%
Dec 2024$?1.30827$?1.563019$?1.793355
242.41%

In 2024, Arbitrum (ARB) is anticipated to change hands in a trading channel between $?0.520529 and $?2.46, leading to an average annualized price of $?1.561904. This could result in a potential return on investment of 369.27% compared to the current rates.

Arbitrum Price Prediction 2024

October 2024: ARB Prediction

With a negative market trend seen last month (with the price of ARB losing -16.03%), Arbitrum is expected to reject the trend in October. The projected monthly trading range is between $?0.520529 and $?1.767365, with the average monthly value sitting at $?1.051615, which would be a 68.61% increase compared to the previous month. This could offer investors a potential return of 237.45%.

Potential ROI: 237.45%

November 2024: ARB Prediction

Forecasts for November suggest a continuation of the market trend, with a potential price increase to $?2.07. The expected price range lies between $?1.608648 and $?2.46, influenced by last month's market performance. Investors may witness a potential gain of 369.27%, if they decide to buy ARB at current prices and sell it at predicted rates.

Potential ROI: 369.27%

December 2024: ARB Prediction

Arbitrum is predicted to finish the year by changing hands in a trading channel between $?1.30827 and $?1.793355. This would entail that the price of ARB increased by 198.43% in comparison to today’s prices (assuming December’s average price of $?1.563019). In other words, investors would generate a potential profit of 242.41% if ARB follows the prediction.

Potential ROI: 242.41%

Arbitrum Price Prediction 2025

In 2025, Arbitrum is forecasted to trade in a price channel between $?0.88667 and $?2.09. On average, ARB is expected to change hands at $?1.342859 during the year. The most bullish month for ARB could be January, when the currency is anticipated to trade 299.49% higher than today.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.353208$?1.64445$?2.09
299.49%
February$?1.768915$?1.857547$?1.949338
272.20%
March$?1.366388$?1.627726$?1.834321
250.24%
April$?1.141692$?1.315757$?1.467962
180.28%
May$?1.070024$?1.298002$?1.396407
166.62%
June$?0.88667$?0.99798$?1.121765
114.18%
July$?0.942318$?1.003756$?1.097689
109.59%
August$?0.96287$?1.082149$?1.283215
145.01%
September$?1.247372$?1.374015$?1.440637
175.07%
October$?1.2574$?1.342306$?1.420576
171.24%
November$?1.272142$?1.344773$?1.380962
163.67%
December$?1.032616$?1.225843$?1.299025
148.03%

Arbitrum Price Prediction 2026

Generally speaking, Arbitrum price prediction for 2026 is bullish. The ARB cryptocurrency is forecasted to hit a high point of $?1.132854 in January and reach a low of $?0.434262 in August. Overall, ARB is expected to trade at an average price of $?0.717311 in 2026.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.034618$?1.084267$?1.132854
116.30%
February$?0.863405$?0.960817$?1.051678
100.80%
March$?0.698407$?0.805467$?0.872852
66.66%
April$?0.714497$?0.771756$?0.853294
62.92%
May$?0.758029$?0.82434$?0.935587
78.64%
June$?0.685313$?0.785635$?0.833253
59.10%
July$?0.598476$?0.678644$?0.728825
39.16%
August$?0.434262$?0.521126$?0.625322
19.40%
September$?0.479942$?0.501971$?0.543952
3.86%
October$?0.518236$?0.565355$?0.643796
22.92%
November$?0.538419$?0.584558$?0.644975
23.15%
December$?0.483809$?0.523803$?0.5632
7.53%

Arbitrum Price Prediction 2027

The outlook for Arbitrum in 2027 indicates a possible uptrend, with an expected price of $?0.60298. This represents a 15.13% increase from the current price. The asset's price is projected to oscillate between $?0.476041 in July and $?1.012773 in December. Investors could see a potential ROI of 93.37%, suggesting a favorable investment environment.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.481724$?0.510969$?0.53149
1.48%
February$?0.510507$?0.520182$?0.530439
1.28%
March$?0.491788$?0.509076$?0.548138
4.66%
April$?0.530665$?0.558488$?0.602517
15.04%
May$?0.602541$?0.625875$?0.664141
26.81%
June$?0.509295$?0.590413$?0.625501
19.43%
July$?0.476041$?0.504812$?0.531236
1.43%
August$?0.501277$?0.511671$?0.525728
0.38%
September$?0.51885$?0.543511$?0.588194
12.31%
October$?0.584442$?0.722743$?0.974635
86.09%
November$?0.70264$?0.73213$?0.80687
54.06%
December$?0.781256$?0.905888$?1.012773
93.37%

Arbitrum Price Prediction 2028

Following a bullish trend in the previous year, 2028 is expected to continue this momentum. Arbitrum’s value is forecasted to increase, potentially reaching an average price of $?1.094798. The price is predicted to fluctuate between a low of $?0.816371 in March and a high of $?1.657157 in September.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.919596$?0.95614$?0.996894
90.34%
February$?0.820309$?0.878929$?0.979247
86.97%
March$?0.816371$?0.849556$?0.9221
76.06%
April$?0.887838$?0.928878$?0.960883
83.47%
May$?0.899306$?0.912739$?0.930085
77.59%
June$?0.913392$?0.928908$?0.955137
82.37%
July$?0.965203$?0.989908$?1.015058
93.81%
August$?0.968031$?1.020274$?1.174268
124.21%
September$?1.169752$?1.392432$?1.657157
216.41%
October$?1.303221$?1.438361$?1.507536
187.84%
November$?1.397451$?1.447097$?1.497648
185.95%
December$?1.327567$?1.39435$?1.472682
181.19%

Arbitrum Price Prediction 2029

Forecasts for 2029 suggest that ARB will experience a significant growth, with expected fluctuation ranging from $?1.421945 to $?3.31. Investors might anticipate a potential ROI of 531.09%, aligning with a bullish outlook for the year.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.421945$?1.507596$?1.610742
207.55%
February$?1.599932$?1.694853$?1.828203
249.07%
March$?1.673328$?1.880846$?2.19
318.80%
April$?2.16$?2.75$?3.31
531.09%
May$?2.55$?2.76$?3.04
480.07%
June$?2.23$?2.41$?2.70
415.36%
July$?1.770839$?2.04$?2.33
344.94%
August$?2.03$?2.18$?2.32
343.51%
September$?1.754616$?1.903139$?2.03
286.78%
October$?1.739969$?1.870388$?2.06
293.21%
November$?1.955143$?2.04$?2.12
305.64%
December$?1.8108$?1.873639$?1.959186
274.08%

Arbitrum Price Prediction 2030

In the long term, Arbitrum could reach a price of $?1.928277 in March of 2030. That’s a rather optimistic scenario, as ARB could trade as low as $?1.310269 in October. Overall, ARB’s price is projected to hover at around $?1.612158 during the year, about 207.82% above the current price of $?0.52374.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.659891$?1.741495$?1.859324
255.01%
February$?1.645811$?1.700502$?1.742099
232.63%
March$?1.723365$?1.850958$?1.928277
268.17%
April$?1.662248$?1.710832$?1.7759
239.08%
May$?1.689263$?1.741367$?1.812581
246.08%
June$?1.691124$?1.719684$?1.73972
232.17%
July$?1.688938$?1.708818$?1.730249
230.36%
August$?1.579378$?1.678143$?1.716066
227.66%
September$?1.330931$?1.410898$?1.53677
193.42%
October$?1.310269$?1.362913$?1.413544
169.89%
November$?1.356725$?1.377479$?1.410165
169.25%
December$?1.329091$?1.342812$?1.357847
159.26%

Arbitrum Price Prediction For Years 2024, 2025, 2026, 2027, 2028, 2029, and 2030

Over the next several years, Arbitrum is projected to increase, with prices potentially reaching $?3.31 by 2029. This represents a 531.09% gain from today's value. The long-term forecast suggests a bullish trend, with potential highs of $?3.31 and lows of $?0.434262 over the period.

YearMin. PriceAvg. PriceMax. PricePotential ROI
2024$?0.520529$?0.390476$?2.46
369.27%
2025$?0.88667$?1.342859$?2.09
299.49%
2026$?0.434262$?0.717311$?1.132854
116.30%
2027$?0.476041$?0.60298$?1.012773
93.37%
2028$?0.816371$?1.094798$?1.657157
216.41%
2029$?1.421945$?2.08$?3.31
531.09%
2030$?1.310269$?1.612158$?1.928277
268.17%

Arbitrum Technical Analysis

Sentiment

Bearish

Based on data from October 27, 2024 at 03:25, the general Arbitrum price prediction sentiment is bearish , with 4 technical analysis indicators signaling bullish signals, and 23 signaling bearish signals.

ARB price prediction was last updated on October 27, 2024 at 03:25.

Arbitrum's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

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Based on our technical indicators, Arbitrum's 200-day SMA will drop in the next month and will hit $?0.783237 by Nov 26, 2024. Arbitrum's short-term 50-Day SMA is estimated to hit $?0.837975 by Nov 26, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 42.09, which indicates that the ARB market is in a neutral position.

Popular ARB Moving Averages and Oscillators for Sun, Oct 27, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$?0.539919SELL
SMA 5$?0.547785SELL
SMA 10$?0.557521SELL
SMA 21$?0.562417SELL
SMA 50$?0.558077SELL
SMA 100$?0.579402SELL
SMA 200$?0.797548SELL

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$?0.559002SELL
EMA 5$?0.55701SELL
EMA 10$?0.554446SELL
EMA 21$?0.556995SELL
EMA 50$?0.566756SELL
EMA 100$?0.633965SELL
EMA 200$?0.805653SELL

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21-$?0.84BUY
SMA 50-$?0.18BUY
SMA 100--
SMA 200--

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21$?0.699023SELL
EMA 50$?0.590041SELL
EMA 100--
EMA 200--

Arbitrum Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

PeriodValueAction
RSI (14)42.09NEUTRAL
Stoch RSI (14)52.41NEUTRAL
Stochastic Fast (14)6.68BUY
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)14.90NEUTRAL
Awesome Oscillator (5, 34)0.00SELL
Momentum (10)-0.06NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-93.32BUY
Ultimate Oscillator (7, 14, 28)44.25NEUTRAL
VWMA (10)0.56SELL
Hull Moving Average (9)0.57SELL
Ichimoku Cloud B/L (9, 26, 52, 26)0.58NEUTRAL

Arbitrum Key Price Levels

Based on today's classical pivot point (P1) with the value of $?0.51525, Arbitrum has support levels of $?0.507941, $?0.495818, and the strongest at $?0.488509. Similarly, Arbitrum resistance levels are at $?0.527374, $?0.534682, and $?0.546806.

Support Levels

#PriceStrength
S1$?0.507941  
S2$?0.495818  
S3$?0.488509  

Resistance Levels

#PriceStrength
R1$?0.527374  
R2$?0.534682  
R3$?0.546806  

Arbitrum Correlation

Over the past 7 days, Arbitrum price was most positively correlated with the price of Lido DAO Token (LDO), StarkNet (STRK), Filecoin (FIL), Polygon Ecosystem Token (POL) and Algorand (ALGO) and most negatively correlated with the price of Goatseus Maximus (GOAT), TRON (TRX), Safe (SAFE), Raydium (RAY) and cat in a dogs world (MEW).

Positively Correlated Currencies

NameCorrelation
0.996
0.989
0.988
0.987
0.983

Negatively Correlated Currencies

NameCorrelation
-0.829
-0.793
-0.732
-0.726
-0.625

Arbitrum price is positively correlated with the top 10 coins by market cap with a price of 0.880, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.684.

Currencies that are positively correlated with Arbitrum indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Arbitrum, a move in one direction for Arbitrum would translate into a move in the opposite direction for the negatively correlated coin.

Arbitrum Price Prediction FAQ

What is Arbitrum's price prediction today?

Based on our Arbitrum prediction chart, the price of Arbitrum will increase by 0.00% and reach $?0.520529 by Oct 28, 2024.

What is Arbitrum price prediction for tomorrow?

Arbitrum is predicted to gain 0.00% and reach a price of $?0.520529 tomorrow.

What is the Arbitrum price prediction for next week?

The Arbitrum price prediction for next week is between $?0.520529 on the lower end and $?0.712923 on the high end. Based on our ARB price prediction chart, the price of Arbitrum will increase by 36.96% and reach $?0.712923 by Nov 04, 2024 if it reaches the upper price target.

What is the Arbitrum price prediction for 2024?

Arbitrum is forecasted to trade within a range of $?0.520529 and $?2.46. If it reaches the upper price target, ARB could increase by 369.27% and reach $?2.46.

What is the Arbitrum price prediction for 2025?

According to our Arbitrum price prediction, ARB is forecasted to trade within a price range of $?0.520529 and $?2.46 next year. Arbitrum will increase by 369.27% and reach $?2.46 if it reaches the higher value target for 2025.

What is the Arbitrum price prediction for 2030?

The Arbitrum price prediction for 2030 is between $?1.421945 on the lower end and $?3.31 on the high end. Based on our ARB price prediction chart, the price of Arbitrum could gain 531.09% and reach $?3.31 if it reaches the upper price target.

Will Arbitrum reach $10?

Arbitrum would need to gain 1,809.34% to reach $10. According to our Arbitrum prediction algorithm, Arbitrum will hit $10 in March 2045.

Will Arbitrum reach $100?

Arbitrum would need to gain 18,993.44% to reach $100. According to our Arbitrum prediction algorithm, the price of Arbitrum will not reach $100. The highest expected price our algorithm estimates is $?22.24 by 2048.

Will Arbitrum reach $1,000?

Arbitrum would need to gain 190,834.45% to reach $1,000. According to our Arbitrum prediction algorithm, the price of Arbitrum will not reach $1,000. The highest expected price our algorithm estimates is $?22.24 by 2048.

What is the current Arbitrum sentiment?

The current Arbitrum sentiment is bearish according to our technical analysis. The majority of technical indicators are showing sell.

What is the Arbitrum Fear & Greed Index and what does it indicate?

Currently, the Arbitrum Fear & Greed Index stands at 69, which means that investors’ sentiment is in the so-called Greed zone.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Arbitrum investors’ sentiment, and is based primarily on Bitcoin-related market data.

Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.

Is it profitable to invest in Arbitrum?

Over the last 30 days, Arbitrum had 14/30 (47%) green days. According to our historical data, it is currently not profitable to invest in Arbitrum. The price of Arbitrum decreased by -43.14% in the last 1 year.

Is Arbitrum a good buy in 2024?

Based on multiple technical quantitative indicators, the current forecast for Arbitrum in 2024 is bearish. This could be an indication that Arbitrum is a bad buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Arbitrum or not.

What will the price of Arbitrum be next week?

According to our Arbitrum forecast, the price of Arbitrum will increase by 30.17% over the next week and reach $?0.677553 by November 1, 2024.

What will the price of Arbitrum be next month?

According to our Arbitrum forecast, the price of Arbitrum will increase by 227.83% over the next month and reach $?1.706447 by November 26, 2024.

What is Arbitrum's 50-Day SMA and what does it indicate?

Arbitrum’s 50-day SMA (simple moving average) is currently $?0.558077. The 50-day SMA indicates the average price of Arbitrum over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive ARB price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Arbitrum's 200-Day SMA and what does it indicate?

Arbitrum’s 200-day SMA is currently $?0.797548. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Arbitrum 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that ARB has been trending downwards over the long term.

Many cryptocurrency traders pay close attention to the markets when the current Arbitrum price crosses an important moving average like the 200-day SMA.

The 200-day SMA is calculated by taking Arbitrum’s closing prices in the last 200 days, adding them together, and dividing the total by 200.

What is Arbitrum's 14-day RSI and what does it indicate?

Arbitrum’s 14-day RSI is at 42.09, indicating that ARB is currently neutral.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Arbitrum. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Arbitrum go back up?

Based on our algorithmically generated price prediction for Arbitrum, the price of ARB is expected to decrease by 227.83% in the next month and reach $?1.706447 on Nov 26, 2024. Additionally, Arbitrum’s price is forecasted to gain 180.08% in the next six months and reach $?1.457882 on Apr 25, 2025. Finally, Arbitrum is expected to trade at $?1.38598 on Oct 27, 2025, following a 166.26% value decrease in one year.

How does our price prediction for Arbitrum work?

The Arbitrum price prediction on CoinCodex is calculated using the historical Arbitrum price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Arbitrum prediction.

How to read and predict Arbitrum price movements?

Arbitrum traders use a variety of tools to try and determine the direction in which the ARB market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Arbitrum price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Arbitrum Price Prediction Indicators

Moving averages are among the most popular Arbitrum price prediction tools. As the name suggests, a moving average provides the average closing price for ARB over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for ARB is a sum of ARB’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the ARB price moves above any of these averages, it is generally seen as a bullish sign for Arbitrum. Conversely, a drop below an important moving average is usually a sign of weakness in the ARB market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the ARB price.

How to read Arbitrum charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Arbitrum with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Arbitrum’s price action in 1-hour chunks. Each candlestick will display ARB’s opening price, closing price, as well as the highest and lowest prices that Arbitrum reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Arbitrum?

Just like with any other asset, the price action of Arbitrum is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of ARB. The market capitalization of Arbitrum can change significantly in a short period of time.

When trying to make a Arbitrum forecast, many traders also try to monitor the activity of ARB “whales”, which are entities and individuals that control large amounts of ARB. Since the Arbitrum market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Arbitrum’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
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ARB
Arbitrum
$?0.52374
1.41% Last 24h
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