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The Arbitrum cryptocurrency price shows a bullish chart structure and is trading above key moving averages, showing the buyers’ dominance in past trading sessions. Moreover, the chart structure favors the buyers and suggests follow-up buying that will lead to $1.3003 in the next session. ARB crypto price is trading above neutral levels and has shown buying momentum in recent sessions. The ARB cryptocurrency has shown an optimistic outlook and continues to overcome obstacles resolutely. It is expected to break out of the $1.3003 range.  At the time of publishing, the price of the ARB cryptocurrency plunged by 9.56% intraday and was trading at $1.1317, highlighting the bullishness on the chart. Moreover, the trading volume is $894.535 Million and the market capitalization is $1.435 Billion. How Arbitrum Crypto Price is Performing on the 1-D Time Frame: A Technical Analysis Source: Arbitrum.1D.USD by TradingView The Arbitrum (USD: ARB) cryptocurrency is currently trading above its 50-day and 200-day EMAs. The current RSI value is 53.19 points. The 14 SMA is above the center line at 56.78 points, highlighting the bullish nature of the Arbitrum cryptocurrency. The MACD line at 0.0343 and the signal line at 0.0264 are above the zero line. A bullish crossover is observed in the MACD indicator, which indicates strength in the price of the ARB cryptocurrency. What the Weekly Timeframe Tells About ARB Crypto Source: Arbitrum.1D.USD by TradingView During the week, the price of the Arbitrum cryptocurrency is showing strong bullish momentum, forming a higher structure and trading above the key moving averages.  The current RSI value is at 53.35 points, which is close to the overbought level. The 14 SMA is above the center line at 46.26 points, highlighting the bullish nature of the Arbitrum cryptocurrency.  The MACD line at -0.0202 and the signal line at -0.662 are…

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Filed under: News - @ December 14, 2023 12:10 am