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Arbitrum (ARB) Price at Risk of All-Time Low: Only Holders Can Help

2 mins
Updated by Ryan Boltman
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In Brief

  • Arbitrum’s price is presently at $0.79 inches away from falling to the all-time low of $0.74.
  • For the first time in nearly three months, investors' sentiment is positive, which is a good sign.
  • The price DAA divergence indicator is flashing a buy signal which could aid the recovery.
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Arbitrum’s (ARB) price is close to forming a new all-time low at a time when most of the altcoins are forming all-time highs.

The ARB holders now hold the power to prevent this from happening with their optimistic outlook and accumulation.

Arbitrum Investors Are Hopeful

Arbitrum’s price is close to forming not just lower lows but a new all-time low. The chances of this happening are rather high, which makes ARB holders’ behavior rather surprising. Instead of being negative, their sentiment seems to be the opposite for now.

Weighted sentiment measures the overall market mood by factoring in the volume and intensity of positive and negative sentiments. It also considers the asset’s social media mentions to provide an optimal analysis of the sentiment.

Arbitrum Weighted Sentiment.
Arbitrum Weighted Sentiment. Source: Santiment

For the first time in three months, this sentiment is positive for Arbitrum. As investors’ optimism rises, the price could, too.

In addition to this, the broader market cues are flashing a buy signal at the moment. This can be seen in the Price Daily Active Addresses (DAA) divergence. This metric compares the price movement of an asset with the activity level of unique addresses interacting with it. 

A divergence occurs when the price trends in one direction while the daily active addresses trend in another, indicating potential market shifts. Currently, participation is rising, and the price is decreasing.

Read More: How to Buy Arbitrum (ARB) and Everything You Need to Know

Arbitrum Price DAA Divergence. Source: Santiment

Such an instance is usually a bullish signal and accumulation at this point translates to gains.

ARB Price Prediction: No Room for Error

Arbitrum’s price has a chance to benefit from the optimism surrounding the asset. Should ARB holders continue their accumulation, the altcoin could prevent falling to $0.74 and lower. This price marks the current all-time low for ARB, which was established in September of last year.

However, considering the investors are looking bullish, the price could jump to reclaim $0.92 as a support line. This would enable recovery to $1 and above.

Read More: Arbitrum (ARB) Price Prediction 2024/2025/2035

Abitrum Price Analysis.
Abitrum Price Analysis. Source: TradingView

Nevertheless, even the slightest drawdown would mark the first ATL in nine months. If investors add to this bearishness by selling to offset losses, Arbitrum’s price could dip to $0.60 or lower.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Aaryamann Shrivastava
Aaryamann Shrivastava is a technical and on-chain analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including Telegram Apps, liquid staking, Layer 1s, meme coins, artificial intelligence (AI), metaverse, internet of things (IoT), Ethereum ecosystem, and Bitcoin. Previously, he conducted market analysis and technical assessments of various altcoins at FXStreet and AMBCrypto, covering all aspects of the crypto industry, including...
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