- ARB price has somehow managed to follow a pattern that seems to mimic the September 2024 breakout. Who knew?
- If crypto FOMO decides to make a grand comeback, ARB could see a rally so steep, it might make your head spin. No promises, though. 🤷♂️
In a plot twist that even seasoned crypto enthusiasts didn’t see coming, Ethereum (ETH) has decided to make a comeback, crossing $1.7k like it’s no big deal. And in its wake, Arbitrum (ARB) is trying to tag along like that one guy who insists on joining your group when you just want some peace and quiet. But hey, who’s complaining when whale investors are back to their altcoin obsession?
Over the last seven days, ARB has rallied over 18 percent, pushing it to about 33 cents. That’s nice. Very nice. This is happening during the mid-North American trading session on April 23, which might mean something to someone. With a market cap of $3.3 billion and daily trading volume of $229 million, ARB has been stuck in a sad, multi-month falling trend. But, you know, that could change. Or it could not. Who’s to say?
What’s Next for ARB Price?
After being stuck in a falling trend for what feels like eternity, ARB has now decided to break free from its logarithmic prison. Could this be the long-awaited reversal? Maybe. Then again, a similar pattern was spotted between September and November 2024… until it was promptly crushed by a year-end selloff. Ah, memories.
But hey, the daily Relative Strength Index (RSI) has finally surpassed 50 percent for the first time in 2025. That’s like the crypto equivalent of getting out of bed before noon. And the daily MACD indicator? It’s on the brink of flipping to bullish. Could this finally be the moment ARB has been waiting for? Time will tell.
If this bullish sentiment continues, ARB’s next stop could be 47 cents in the short term, followed by a lofty $1.2 in the coming months. Or, you know, it could crash back down into oblivion. Let’s keep it interesting, shall we?
A Closer Look at Arbitrum’s Fundamentals
In the past year, Arbitrum has somehow managed to become a key player in the Ethereum blockchain’s web3 ecosystem. With dozens of DeFi protocols already deployed, the total value locked (TVL) is hovering around $2.22 billion. Meanwhile, its stablecoins market cap is chilling at around $2.86 billion. Not bad, huh?
But don’t get too comfy, because Arbitrum is facing some stiff competition from Coinbase-backed Base. According to Defillama data, Base Network has a TVL of $2.7 billion and a stablecoins market cap of $4.11 billion. Is it a race? You bet. Will Arbitrum stay ahead? We’ll see. 😏
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2025-04-24 00:23