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11 months ago
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ARTICLE AD BOX
- Bullish ARB price prediction for 2023 is $1.4644 to $2.0045.
- Arbitrum (ARB) price might reach $5 soon.
- Bearish (ARB) price prediction for 2023 is $0.7719.
In this Arbitrum (ARB) price prediction 2023, 2024-2030, 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) PRICE PREDICTION 2023 |
|
| ARBITRUM (ARB) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Arbitrum (ARB) Current Market Status
| Current Price | $1.34 | 24 – Hour Price Change | 1.18% Up |
| 24 – Hour Trading Volume | $1,237,772,628 |
| Market Cap | />$1,709,118,144 |
| Circulating Supply | 1,275,000,000 ARB | All – Time High | $11.80 (On Mar 23, 2023) |
| All – Time Low | $0.9142 (On Jun 15, 2023) |
What is Arbitrum (ARB)
| TICKER | ARB |
| BLOCKCHAIN | Ethereum |
| CATEGORY | Layer 2 Scaling Solution |
| LAUNCHED ON | August 2021 |
| UTILITIES | Governance, 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, Arbitrum’s scaling solution has seen a lot of success. As a result of this, several developers have used Arbitrum’s 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 2023
Arbitrum (ARB) ranks 47th on CoinMarketCap in terms of its market capitalization. The overview of the Arbitrum price prediction for 2023 is explained below with a daily time frame.
ARB/USDT Right Angled Descending Broadening Wedge Pattern (Source: TradingView)
In the above chart, Arbitrum (ARB) laid out the right-angled descending broadening wedge pattern. A right-angled descending broadening wedge is a bullish reversal pattern. The pattern is an inverted ascending triangle because it is made up of two converging lines with a horizontal line for the resistance and a bearish downward slant for the support.
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 $1.34. If the pattern trend continues, then the price of ARB might reach the resistance level of $1.3735, and $2.4815. If the trend reverses, then the price of ARB may fall to the support of $0.7442.
Arbitrum (ARB) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Arbitrum (ARB) in 2023.
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 2023.
| Resistance Level 1 | $1.4644 |
| Resistance Level 2 | $2.0045 |
| Support Level 1 | $1.0716 |
| Support Level 2 | $0.7719 |
ARB Resistance & Support Levels
Arbitrum (ARB) Price Prediction 2023 — 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 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $1.1042Price = $1.3312 (50MA < Price) | Bullish / Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 62.8873 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Arbitrum (ARB) Price Prediction 2023 — 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).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 16.6773 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 43.35 <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 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Arbitrum (ARB) Price Prediction 2024 | $6 | $0.8 |
| Arbitrum (ARB) Price Prediction 2025 | $7 | $0.9 |
| Arbitrum (ARB) Price Prediction 2026 | $8 | $1 |
| Arbitrum (ARB) Price Prediction 2027 | $10 | $1.3 |
| Arbitrum (ARB) Price Prediction 2028 | $11 | $1.7 |
| Arbitrum (ARB) Price Prediction 2029 | $13 | $1.9 |
| Arbitrum (ARB) Price Prediction 2030 | $15 | $2.4 |
Conclusion
If Arbitrum (ARB) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Arbitrum (ARB) price prediction for 2023 is $2.0045. Comparatively, if unfavorable sentiment is triggered, the bearish Arbitrum (ARB) price prediction for 2023 is $0.7719.
If the market momentum and investors’ sentiment positively elevate, then Arbitrum (ARB) might hit $5. Furthermore, with future upgrades and advancements in the Arbitrum ecosystem, ARB might surpass its current all-time high (ATH) of $11.80 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 March 23, 2023, ARB reached its new all-time high (ATH) of $11.80.
5. What is the lowest price of Arbitrum (ARB)?
According to CoinMarketCap, ARB hit its all-time low (ATL) of $0.9142 on June 15, 2023.
6. Will Arbitrum (ARB) reach $5?
If Arbitrum (ARB) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
7. What will be Arbitrum (ARB) price by 2024?
Arbitrum (ARB) price is expected to reach $6 by 2024.
8. What will be Arbitrum (ARB) price by 2025?
Arbitrum (ARB) price is expected to reach $7 by 2025.
9. What will be Arbitrum (ARB) price by 2026?
Arbitrum (ARB) price is expected to reach $8 by 2026.
10. What will be Arbitrum (ARB) price by 2027?
Arbitrum (ARB) price is expected to reach $10 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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