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.
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