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    Home » Arbitrum Dropped -26.58{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} in Last Month and is Predicted to Drop to $1.09 By May 20, 2023
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    Arbitrum Dropped -26.58{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} in Last Month and is Predicted to Drop to $1.09 By May 20, 2023

    May 15, 20235 Mins Read
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    Arbitrum Dropped -26.58{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} in Last Month and is Predicted to Drop to $1.09 By May 20, 2023
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    Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

    • Arbitrum is up 3.02{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} today against the US Dollar
    • ARB/ETH increased by 2.03{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} today
    • Arbitrum is currently trading 10.64{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} above our prediction on May 20, 2023
    • Arbitrum dropped -26.58{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} in the last month and is down -76.07{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} since 1 year ago
    Arbitrum price $ 1.21
    Arbitrum prediction $ 1.09 (-9.56{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8})
    Sentiment Neutral
    Fear & Greed index 50 (Neutral)
    Key support levels $ 1.14, $ 1.12, $ 1.09
    Key resistance levels $ 1.20, $ 1.23, $ 1.26

    ARB price is expected to drop by -9.56{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} in the next 5 days according to our Arbitrum price prediction

    is trading at $ 1.21 after gaining 3.02{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.78{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} in the same time period. ARB performed well against BTC today and recorded a 1.10{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} gain against the world’s largest cryptocurrency.

    According to our Arbitrum price prediction, ARB is expected to reach a price of $ 1.09 by May 20, 2023. This would represent a -9.56{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} price decrease for ARB in the next 5 days.

    ARB Price Prediction Chart

    Buy/Sell Arbitrum

    What has been going on with Arbitrum in the last 30 days

    Arbitrum has been displaying a negative trend recently, as the coin lost -26.58{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} in the last 30-days. The medium-term trend for Arbitrum has been bearish, with ARB dropping by -76.07{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} in the last 3 months. The long-term picture for Arbitrum has been negative, as ARB is currently displaying a -76.07{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} 1-year price change. On this day last year, ARB was trading at $ 5.04.

    Arbitrum reached its all-time high price on Mar 23, 2023, when the price of ARB peaked at $ 8.67. The current ARB cycle high is $ 1.21, while the cycle low is at $ 1.03. ARB has been displaying high volatility recently – the 1-month volatility of the coin is at 12.25. Arbitrum recorded 13 green days in the last 30 days.

    Arbitrum technical analysis for today – May 15, 2023

    The sentiment in the Arbitrum markets is currently Neutral, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 1.14, $ 1.12 and $ 1.09, while $ 1.20, $ 1.23 and $ 1.26 are the key resistance levels.

    Neutral sentiment for Arbitrum

    11 indicators are currently signaling a bullish prediction for Arbitrum, while 6 indicators are showing a bearish forecast. With 65{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Arbitrum.

    Crypto market is currently experiencing Neutral

    Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

    Arbitrum moving averages & oscillators

    Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Arbitrum is positioned in the market right now.

    Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
    MA3 $ 1.17 (BUY) $ 1.17 (BUY) – –
    MA5 $ 1.16 (BUY) $ 1.17 (BUY) – –
    MA10 $ 1.18 (BUY) $ 1.18 (BUY) – –
    MA21 $ 1.28 (SELL) $ 1.24 (SELL) – –
    MA50 $ 1.32 (SELL) $ 1.30 (SELL) – –
    MA100 – – – –
    MA200 – – – –
    Period Value Action
    RSI (14) 32.46 NEUTRAL
    Stoch RSI (14) 83.60 SELL
    Stochastic Fast (14) 32.81 NEUTRAL
    Commodity Channel Index (20) -66.67 NEUTRAL
    Average Directional Index (14) 23.98 NEUTRAL
    Awesome Oscillator (5, 34) -0.23 NEUTRAL
    Momentum (10) -0.17 NEUTRAL
    MACD (12, 26) -0.02 NEUTRAL
    Williams Percent Range (14) -67.19 NEUTRAL
    Ultimate Oscillator (7, 14, 28) 48.40 NEUTRAL
    VWMA (10) 1.19 SELL
    Hull Moving Average (9) 1.07 BUY
    Ichimoku Cloud B/L (9, 26, 52, 26) 1.43 NEUTRAL

    The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Arbitrum is at 32.46, suggesting that ARB is currently neutral.

    The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Arbitrum over the last 50 days. Currently, Arbitrum is trading above the SMA 50 trendline, which is a bullish signal.

    Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ARB closing price for the last 200 days. ARB is now trading below the SMA 200, signaling that the market is currently bearish.

    The bottom line about this Arbitrum prediction

    After considering the above factors, we can conclude that the current forecast for Arbitrum price prediction is Neutral. ARB would have to decrease by -9.56{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} to hit our $ 1.09 target within the next five days. Moving forward, it will be important to monitor the ARB market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Arbitrum price predictions click here.

    Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.



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