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Arbitrum (ARB) Price Prediction 2024, 2025, 2026-2030 

Arbitrum (ARB) Price Prediction 2024, 2025, 2026-2030 

  • Bullish ARB price prediction for 2024 is $2.0152 to $2.7313.
  • Arbitrum (ARB) price might reach $3 soon.
  • Bearish (ARB) price prediction for 2024 is $1.0670.

In this Arbitrum (ARB) price prediction 2024, 2025, 2026-2030,  we will analyze the price patterns of ARB by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.

TABLE OF CONTENTS
INTRODUCTION
  • Arbitrum (ARB) Current Market Status
  • What is Arbitrum (ARB)?
  • Arbitrum (ARB) 24H Technicals
ARBITRUM (ARB) PRICE PREDICTION 2024
  • Arbitrum (ARB) Support and Resistance Levels
  • Arbitrum (ARB) Price Prediction 2024 RVOL, MA, and RSI
  • Arbitrum (ARB) Price Prediction 2024 ADX, RVI
  • Comparison of ARB with BTC, ETH
ARBITRUM (ARB) PRICE PREDICTION 2024, 2025, 2026-2030
CONCLUSION
FAQ

Arbitrum (ARB) Current Market Status

Current Price$2.14
24 Hour Price Change6.83% Up
24 Hour Trading Volume$1,312,257,143
Market Cap$2,734,537,354
Circulating Supply1,275,000,000 ARB
All Time High$2.39 ( On Jan 12, 2024)  
All Time Low$0.76 (On Sep 12, 2023)  
ARB Current Market Status (Source: CoinMarketCap)

What is Arbitrum (ARB)

TICKERARB
BLOCKCHAINEthereum
CATEGORYLayer 2 Scaling Solution
LAUNCHED ONAugust 2021
UTILITIESGovernance, security, gas fees & rewards

Arbitrum is a new layer-2 scaling solution for the Ethereum blockchain developed by a new york based company known as Off-chain labs. Layer-2 scaling solutions are networks which sit on top of layer 1 blockchains to provide cheap and fast transactions. They reduce the congestion on the main blockchain by validating transactions separately and integrating them into the main chain.  

After its mainnet launch last year, Arbitrums scaling solution has seen a lot of success. As a result of this, several developers have used Arbitrums solutions to host their dApps. Arbitrum also supports integration with Ethereum Virtual Machine (EVM) making it easy for developers. 

Arbitrum 24H Technicals

(Source: TradingView)

Arbitrum (ARB) Price Prediction 2024

Arbitrum (ARB) ranks 48th on CoinMarketCap in terms of its market capitalization. The overview of the Arbitrum price prediction for 2024 is explained below with a daily time frame.

ARB/USDT Descending Channel Pattern (Source: TradingView)

In the above chart, Arbitrum (ARB) laid out the descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a securitys price with parallel trendlines to show a downward trend.

Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.

At the time of analysis, Arbitrum (ARB) was recorded at $2.14. If the pattern trend continues, then the price of ARB might reach the resistance level of $1.9575, $2.4108, and $3.0099. If the trend reverses, then the price of ARB may fall to the support of $1.5679.

Arbitrum (ARB) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Arbitrum (ARB) in 2024.

ARB/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Arbitrum (ARB) for 2024.

Resistance Level 1$2.0152
Resistance Level 2$2.7313
Support Level 1$1.4644
Support Level 2$1.0670

ARB Resistance & Support Levels

Arbitrum (ARB) Price Prediction 2024 RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Arbitrum (ARB) are shown in the chart below.

ARB/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Arbitrum (ARB) market in 2024.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $1.6737Price = $1.8694
(50MA <  Price)
Bullish / Uptrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions54.0541
<30 = Oversold
50-70 = Neutral>70 = Overbought
Neutral
Relative Volume (RVOL)Assets trading volume in relation to its recent average volumesBelow cutoff lineWeak volume

Arbitrum (ARB) Price Prediction 2024 ADX, RVI

In the below chart, we analyze the strength and volatility of Arbitrum (ARB) using the following technical analysis indicators Average Directional Index (ADX) and Relative Volatility Index (RVI).

ARB/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Arbitrum (ARB).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum9.0363WeakTrend
Relative Volatility Index (RVI)Volatility over a specific period48.41
<50 = Low
>50 = High
Low volatility

Comparison of ARB with BTC, ETH

Let us now compare the price movements of Arbitrum (ARB) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs ARB Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of ARB is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ARB also increases or decreases respectively.

Arbitrum (ARB) Price Prediction 2024, 2025 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Arbitrum (ARB) between 2025, 2026, 2027, 2028, 2029, and 2030.

Year Bullish Price Bearish Price
Arbitrum (ARB) Price Prediction 2025$4$1.5
Arbitrum (ARB) Price Prediction 2026$4.5$1.8
Arbitrum (ARB) Price Prediction 2027$5.2$2.6
Arbitrum (ARB) Price Prediction 2028$6.7$3.2
Arbitrum (ARB) Price Prediction 2029$7.5$3.9
Arbitrum (ARB) Price Prediction 2030$8.5$5

Conclusion

If Arbitrum (ARB) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Arbitrum (ARB) price prediction for 2024 is $2.7313. Comparatively, if unfavorable sentiment is triggered, the bearish Arbitrum (ARB) price prediction for 2024 is $1.0670.

If the market momentum and investors sentiment positively elevate, then Arbitrum (ARB) might hit $3. Furthermore, with future upgrades and advancements in the Arbitrum ecosystem, ARB might surpass its current all-time high (ATH) of $2.39 and mark its new ATH. 

FAQ

1. What is Arbitrum (ARB)?

Arbitrum is a new layer-2 scaling solution for the Ethereum blockchain developed by a New York-based company known as Off-chain Labs.

2. Where can you purchase Arbitrum (ARB)?

Arbitrum  (ARB)  has been listed on many crypto exchanges, including Binance, DigiFinex, WEEX, OKX, and Bybit. 

3. Will Arbitrum (ARB) reach a new ATH soon?

With the ongoing developments and upgrades within the Arbitrum Platform, ARB has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Arbitrum (ARB)?

On January 12, 2024, ARB reached its new all-time high (ATH) of $2.39.

5. What is the lowest price of Arbitrum (ARB)?

According to CoinMarketCap, ARB hit its all-time low (ATL) of $0.9142 on September 12, 2023.

6. Will Arbitrum (ARB) reach $3?

If Arbitrum (ARB) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $3 soon.

7. What will be Arbitrum (ARB)  price by 2025?

Arbitrum  (ARB)  price is expected to reach $4 by 2025.

8. What will be Arbitrum (ARB)  price by 2026?

Arbitrum (ARB) price is expected to reach $4.5 by 2026.

9. What will be Arbitrum (ARB) price by 2027?

Arbitrum  (ARB)  price is expected to reach $5.2 by 2027.  

10. What will be Arbitrum (ARB) price by 2027?

Arbitrum  (ARB)  price is expected to reach $6.7 by 2027.  


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Disclaimer: The opinion expressed in this chart is solely the authors. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Read more: https://thenewscrypto.com/arbitrum-arb-price-prediction/

Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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