In this Arbitrum technical analysis, we will examine the current price action, trading volume, key levels and indicators for ARB-USDT. Sure, here are three sentences about Arbitrum (ARB) cryptocurrency: Arbitrum (ARB) is a decentralized finance (DeFi) platform that enables users to trade, lend, and borrow digital assets in a trustless and permissionless manner. ARB’s novel consensus algorithm, called “proof of useful work,” incentivizes participants to contribute value to the network by validating transactions and providing liquidity. By leveraging this innovative technology, Arbitrum aims to create a more equitable and efficient financial system for all users.
Arbitrum Price Overview:
As of October 03, 2023, Arbitrum is trading at approximately 0.9063 USDT. Let’s dive into the detailed price action for ARB-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.9314 |
| High (H) | 0.9448 |
| Low (L) | 0.8975 |
| Close (C) | 0.9063 |
| Volume (C) | 27,997,231.20 |
- Open (O): The opening price for today’s trading session was approximately 0.9314 USDT.
- High (H): Arbitrum reached a daily high of around 0.9448 USDT.
- Low (L): The daily low for ARB-USDT was approximately 0.8975 USDT.
- Close (C): At the time of analysis, Arbitrum is trading near its daily close of 0.9063 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.67% |
| 3D Change (%) | -0.15% |
| 7D Change (%) | 9.66% |
| 30D Change (%) | 0.17% |
| 90D Change (%) | -18.48% |
| YTD Change (%) | 81.26% |
Over the past three days, ARBUSDT has dropped by approximately -0.15%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 9.66%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ARBUSDT maintaining an upward trend of approximately 0.17%, despite intermittent fluctuations. Examining the last 90 days, ARBUSDT has witnessed substantial decrease of approximately -18.48%, reflecting strong long-term confidence. Year-to-date, ARBUSDT has steadily increased by around 81.26%, 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-USDT 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 0.5886.
- Momentum score is 0.00166.
ARB USDT Technical Analysis
Arbitrum Trading Volume:
The trading volume for Arbitrum (ARB) over the past 24 hours has been insignificant, with approximately 27,997,231.20 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Arbitrum is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ARB-USDT is currently in the neutral zone, around 48.01273. This suggests that Arbitrum is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Arbitrum (ARB-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
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.
