#Arbitrum after more than 50% dump from the highest price
($2.420), reached the support level of $0.9090-0.9890.
If this level is maintained, the price can well pump up to $1.4600 as before.
If the current support level is broken, the price will fall again to $0.7300.
($2.420), reached the support level of $0.9090-0.9890.
If this level is maintained, the price can well pump up to $1.4600 as before.
If the current support level is broken, the price will fall again to $0.7300.
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Altcoin prices can benefit indirectly
When #Bitcoin price surges, it creates a lift-up effect for the entire crypto market. Similarly, this occurs in the altcoin market when #Ether surges.
The SEC halting its investigation may be relevant to other altcoins the agency has accused of being securities.
The SEC has opened cases against crypto exchanges Binance and Coinbase for a variety of securities law violations. The SEC has named several altcoins as securities, including #SOL , #ADA , #MATIC
projects such as Aave or Chainlink from the decentralized finance (DeFi) sector or layer-2 chains such as #Arbitrum,#Optimism could benefit from the SEC’s retreat.
When #Bitcoin price surges, it creates a lift-up effect for the entire crypto market. Similarly, this occurs in the altcoin market when #Ether surges.
The SEC halting its investigation may be relevant to other altcoins the agency has accused of being securities.
The SEC has opened cases against crypto exchanges Binance and Coinbase for a variety of securities law violations. The SEC has named several altcoins as securities, including #SOL , #ADA , #MATIC
projects such as Aave or Chainlink from the decentralized finance (DeFi) sector or layer-2 chains such as #Arbitrum,#Optimism could benefit from the SEC’s retreat.
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#Arbitrum🏧 has broken the ascending channel in the daily time frame.
$ARB price has dropped to the very important demand level of $0.7350-$0.7850. As you see in the chart, the price supported from this area before very well, and it grew more than 150%, so there is a possibility of support again.
Bearish candles are still strong, and if the price reaches below the current level, it means that the decline will continue and the possibility of the price moving towards the last available support, the $0.5000-$0.5300 area, will increase.
$ARB price has dropped to the very important demand level of $0.7350-$0.7850. As you see in the chart, the price supported from this area before very well, and it grew more than 150%, so there is a possibility of support again.
Bearish candles are still strong, and if the price reaches below the current level, it means that the decline will continue and the possibility of the price moving towards the last available support, the $0.5000-$0.5300 area, will increase.
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#Arbitrum continues its downward trend and has left the ascending channel that was formed in the daily time frame.
The downward trend line that the price continues to respect, and now after breaking the support level of $0.7350-$0.7850 , we can expect the price to continue decreasing to $0.5000 .
When the price can break the dynamic resistance and this failure is confirmed, the trend will change.
The downward trend line that the price continues to respect, and now after breaking the support level of $0.7350-$0.7850 , we can expect the price to continue decreasing to $0.5000 .
When the price can break the dynamic resistance and this failure is confirmed, the trend will change.
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