Legal Notice: Nothing on the website constitutes professional and/or financial advice. All the content on the website is for informational purposes only. We have prepared all information herein from sources we believe to be accurate and reliable. However, such information is presented as is,” without warranty of any kind – whether expressed or implied. You acknowledge and agree that there are numerous risks associated with purchasing cryptocurrencies.

CDS Crypto News Arbitrum (ARB) Experiences Moderate Volatility, Surges 18.83% to $1.36 Amidst Trading Above Resistance Levels

Crypto News

Arbitrum (ARB) Experiences Moderate Volatility, Surges 18.83% to $1.36 Amidst Trading Above Resistance Levels

Zeynep Öztürk23/12/20231 Mins read370

Arbitrum (ARB) Experiences Moderate Volatility, Surges 18.83% to $1.36 Amidst Trading Above Resistance Levels

Crypto News – Arbitrum (ARB), when compared to its cryptocurrency counterparts, has demonstrated a relatively standard level of volatility. As of this Friday, the digital currency has notably climbed by 18.83%, reaching $1.36.

Labeled as ‘Moderately Volatile’, Arbitrum has been assigned a volatility rank of 31 by InvestorsObserver. This ranking situates it in the lower 31% tier in the cryptocurrency market. The Volatility Gauge, which influences this rating, focuses on current market trends rather than short-term fluctuations.

Consequently, ARB’s moderate volatility is coupled with a low score on the Risk/Reward Gauge. This implies that the token experiences moderate price fluctuations, safeguarding it against significant price manipulation risks.

Currently, ARB’s trading dynamics are noteworthy. The cryptocurrency is trading above its usual resistance level, having surpassed the $1.17 mark, with a support base formed around $1.11. This situation places Arbitrum in an exceptional trading range, potentially leading to heightened volatility, especially if the ongoing rally loses momentum.