In this Arbitrum technical analysis, we will examine the current price action, trading volume, key levels and indicators for ARB-BTC. Arbitrum (ARB) is a decentralized finance (DeFi) platform that enables users to trade and lend assets in a trustless and permissionless manner. ARB’s novel technology allows for faster and more secure transactions, making it an attractive option for those looking for a reliable DeFi solution. With its focus on scalability and security, Arbitrum is poised to revolutionize the DeFi space and provide users with a new level of control over their digital assets.
Arbitrum Price Overview:
As of June 29, 2024, Arbitrum is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for ARB-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 586,906.30 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Arbitrum reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for ARB-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Arbitrum is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.92% |
| 3D Change (%) | -2.77% |
| 7D Change (%) | 3.76% |
| 30D Change (%) | -21.29% |
| 90D Change (%) | -44.32% |
| YTD Change (%) | -64.86% |
Over the past three days, ARBBTC has declined by approximately -2.77%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 3.76%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ARBBTC maintaining a downward trend of approximately -21.29%, despite intermittent fluctuations. Examining the last 90 days, ARBBTC has witnessed substantial fall of approximately -44.32%, reflecting strong long-term confidence. Year-to-date, ARBBTC has steadily declined by around -64.86%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Arbitrum Live Chart:
You can access a live price chart for ARB-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.5048.
- Momentum score is -0.07087.
ARB BTC Technical Analysis
Arbitrum Trading Volume:
The trading volume for Arbitrum (ARB) over the past 24 hours has been significant, with approximately 586,906.30 BTC traded against ARB. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ARB is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Arbitrum is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ARB-BTC is currently in the low zone, around 38.23287. This suggests that Arbitrum is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Arbitrum (ARB-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Follow potential bearish trend for Arbitrum (ARBBTC) at 1.30e-05 BTC with technical analysis, indicating cautionary indicators and weakened support.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.