ARB Technical Analysis
Arbitrum hasn't been experiencing any significant activity in terms of trading volume or network activity recently. However, the price's struggle to hold onto support areas and heavy buying at some addresses suggest it remains on investors' radar. While on-chain data remains calm, there's potential for direction on the technical side.
The $0.36–$0.39 range is the first major resistance and could mark the start of a move toward the wedge’s upper boundary. If an upside breakout occurs, targets lie at $0.45–$0.51, with the full wedge projection pointing toward $0.62.
However, a daily close below $0.28 would weaken the structure and increase selling pressure.
These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.




