• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Friday, June 6, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Arbitrum Price Analysis & Prediction (April 19th) –Here’s Where ARB is Likely to Head Next Before Initiating a Fresh Buy

Michael Fasogbon by Michael Fasogbon
April 19, 2023
in News
Reading Time: 3 mins read
0
94
SHARES
Share on TwitterShare on Facebook

Arbitrum followed Bitcoin‘s pattern and dropped beneath an established support level. Retesting that level as resistance could fuel more negative actions if rejected in the coming hours.

Following a series of drops that brought the price to a three-week low of $1.11, ARB found base support there and started to recover slowly in the past week.

This recovery later led to a surge above the $1.25 – $1.28 support (formerly resistance) zone before soaring to a new high of $1.812, without any major pullback on the daily time frame.

ARB technically left that support level for a retest. And as we can see now, it appeared to be in play with the latest meltdowns. Though it may look sudden and heavy right now. We can expect a quick buyback as soon as it finds a solid level to bounce back. 

The ongoing retracement is healthy for the market to produce a strong rally in the next leg up. And at the same time providing a discount and buying opportunities for the buyers. Where buyers are looking for entry is somewhere around the mentioned support zone or below it.

However, the price may not even reach that level before they step back. A strong rebound above last week’s surge zone could activate a potential buy for a bigger rally beyond $2. Let’s see how the price plays out in the next couple of days.

ARB’s Key Level To Watch

arbitrum arb price analysis prediction
Source: Tradingview

The price recovered briefly from the daily crash level and retested the breakdown support level of $1.58 as resistance. If the price increases further, the $1.7 would be the next buying area. Pushing through that level could bring a full recovery back to $1.82, marked as the current monthly high. 

ARB may encounter support at $1.45 in a fresh drawdown. If this support fails to suppress sell actions, the $1.28 level is the major support to watch for a rebound – all marked orange on the hourly chart. The $1.2 level might also come at hand.

Key Resistance Levels: $1.7, $1.82, $2

Key Support Levels: $1.45, $1.28, $1.2

  • Spot Price: $1.59
  • Trend: Bearish
  • Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

Image Source: maximusnd/123RF // Image Effects by Colorcinch

Previous Post

Traditional Banking System Struggles To Keep Up With Cryptocurrency

Next Post

How Blockchain Integration Can Help Country’s Political Elections

Related Posts

Featured

Dow Rises, Tesla Drops After Musk-Trump Feud

June 5, 2025
Can XRP Hit $5? Technicals and Whales Say Yes
Market Analysis

Can XRP Hit $5? Technicals and Whales Say Yes

June 4, 2025
bitcoin btc
Featured

K33 Begins Bitcoin Buying with 10 BTC Purchase for Treasury Strategy

June 3, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
Cardano Tanks 50% From Highs—Hope or Hype Ahead
News

Cardano Tanks 50% From Highs—Hope or Hype Ahead

June 1, 2025
Solana Price Prediction:Is the $200 Dream Dead
News

Solana Price Prediction:Is the $200 Dream Dead?

May 31, 2025

Press Releases

Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

by Alex Mercer
June 2, 2025

Introduction From courtroom drama to crypto karma, Binance is having a moment. The SEC has officially pulled the plug on...

Read more
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
Ethereum Climbs While PEPE Reloads—Who's About to Explode

Ethereum Climbs While PEPE Reloads—Who’s About to Explode?

May 18, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier