Arbitrum Investors Eye Recovery as ARB Prices Aim for Rally to $1.21
Arbitrum Investors Could Note the Benefits
Arbitrum's price is looking to chart a rally to $1.21. The possibility of this happening is largely dependent on the investors as well. If ARB holders make a move in the positive direction, the altcoin would have a shot at recovery.
Arbitrum MVRV Ratio
The 30-day MVRV ratio assesses investor profit or loss. Arbitrum's MVRV ratio sits at -17%, signaling losses, potentially prompting accumulation. Historically, ARB recovery occurs within the -12% to -25% MVRV range, labeling it as an accumulation opportunity zone.
Arbitrum Price Prediction: Breaking out of the Chains
Arbitrum's price escaped the descending triangle pattern marking a support floor at $1. Maintaining this level could enable a rally and recovery, but failure to breach resistances at $1.10 and $1.21 may lead to consolidation or a decline below $0.99.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.