Attention Arbitrum (ARB) traders: Breaths are held!

Arbitrum (ARB), which saw a big sell-off with the pullback in Bitcoin, hit a six-month low, creating panic.

Bitcoin, which has been turbulent in recent days, continues to hit the altcoin. In particular, the fall in some parities did not go unnoticed. Arbitrum, which has a significant place in the Turkish crypto ecosystem, is one of these projects. The popular coin, which is followed with curiosity by phenomena and investors, approached the bottom level of the last six months with its decline in a short time. So, will fall last in ARB? What levels should be considered for ARB?

fall on Arbitrum (ARB) may go deep!

With the fall of Bitcoin (BTC), Arbitrum (ARB) sagged to $0.85, worrying both its ecosystem and investors. Popular coin, which hovers near the lows of the last six months, continues to spread danger. The ARB, which struggled to break through $1.2338 in the short timeframe, could pull back to the $0.80 – $0.73 range if it fails to hold at $0.99. If this area is lost, it is highly likely that there will be a huge selling pressure in the pair.

If Bitcoin closes daily above $70,000, BTC dominance declines, geopolitical tensions subside, or the Layer-2 trend comes, expectations from Arbitrum will increase. In such a scenario, the points that ARB traders should watch as resistance are $1.23 – $1.45 – $1.70 -$1.80 – $2.10 and $2.43, respectively.

According to Google Trains data, a great fall is observed in the search for the word Arbitrum. Arbitrum research, which reached 100 Google Trends points on March 13, sagged to 27 as the pair declined. With the recent decline of ARB, this development, which was reflected in social metrics, did not go unnoticed. In order to observe a possible ARB bull, one can pay attention to the fact that this metric is above 50.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.