{"id":23618,"date":"2023-09-22T16:13:48","date_gmt":"2023-09-22T16:13:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/what-next-after-9-arb-this-past-week\/"},"modified":"2023-09-22T16:13:48","modified_gmt":"2023-09-22T16:13:48","slug":"what-next-after-9-arb-this-past-week","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/what-next-after-9-arb-this-past-week\/","title":{"rendered":"What next after 9% ARB this past week?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675177122158-8202db09-c8fc-43c6-acc1-3c14a5ecf384-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675177122158-8202db09-c8fc-43c6-acc1-3c14a5ecf384-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675177122158-8202db09-c8fc-43c6-acc1-3c14a5ecf384-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675177122158-8202db09-c8fc-43c6-acc1-3c14a5ecf384-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Arbitrum (ARB) price rose 9% this past week, trading to above $0.86.<\/li>\n<li dir=\"ltr\">Meanwhile, Toncoin (TON), Chainlink (LINK) and Aave (AAVE) saw double digit gains.<\/li>\n<li dir=\"ltr\">What next for ARB?<\/li>\n<\/ul>\n<p dir=\"ltr\">Arbitrum (ARB) is trading higher over the 24-hour timeframe, holding off bears around $0.84 with nearly 3% upside. Over the week, the cryptocurrency\u2019s value is up 9%. That makes ARB among the top gainers this past week, with Toncoin (TON), <a href=\"https:\/\/coinjournal.net\/chainlink\/\">Chainlink (LINK)<\/a>, <a href=\"https:\/\/coinjournal.net\/immutable-x\/\">ImmutableX (IMX)<\/a> and Aave (AAVE) posting double digit gains to lead the top 50 coins by market cap.\u00a0<\/p>\n<p dir=\"ltr\">With Bitcoin looking to reclaim some joy above $26,600 and most altcoins showing resilience, could ARB break higher to target $1.00? Data shows the altcoin last traded at the psychological level on August 23.<\/p>\n<h2 dir=\"ltr\">Whale activity and recent ARB price<\/h2>\n<p dir=\"ltr\">Arbitrum\u2019s native token <a href=\"https:\/\/coinjournal.net\/news\/arbitrum-price-dips-further-as-whales-dispose-arb-tokens-in-millions\/\">slipped to $0.74 on September 11<\/a>, mirroring the broader market performance that also had Bitcoin sliding to below $25k. A nice uptick for ARB\/USD had buyers poised at $0.90 on September 19 before widespread weakness had them revisit support around $0.80.<\/p>\n<p dir=\"ltr\">The positive outlook shows amid the latest bullish signals from whale activity and the crowd. According to data shared by on-chain analytics platform Lookonchain, one whale pointed to this perspective on Thursday with a 1.15 million ARB transfer from Binance. The value of the transaction was $952,000 at the time.<\/p>\n<p dir=\"ltr\">\u201c<em>This whale lost money on $ARB but seems still very bullish on $ARB, withdrawing 1.15M $ARB ($952K) again from #Binance in the past 2 days. The whale was long $ARB on #Aave on July 23, and as the price of $ARB decreased, he had to sell $ARB at a loss to pay off debt on Sept 11<\/em>,\u201d Lookonchain\u00a0<a href=\"https:\/\/twitter.com\/lookonchain\/status\/1705042519904641287\" rel=\"noopener noreferrer\" target=\"_blank\"><u>posted<\/u><\/a> on X.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 600px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/08\/22\/1695398857989-49f75891-f19d-4e57-882a-92adb8361cdf.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"260\"\/><span class=\"fr-inner\">ARB price chart on\u00a0<a href=\"https:\/\/www.tradingview.com\/x\/Hq9IdGgT\/\" rel=\"noopener noreferrer\" target=\"_blank\">TradingView<\/a><\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">The price currently sits below the middle band of a rising channel on the 4-hour chart, with the 20-day EMA acting as support. The 4-hour RSI is also suggesting further resilience as it holds above the 50 mark.<\/p>\n<\/div>\n<p dir=\"ltr\">If ARB breaks past the channel\u2019s middle line (also where a key horizontal support-turned resistance line resides), at $0.87, bulls might target the supply zone above September highs. A demand reload zone could be around $0.74.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/arbitrum-among-top-gainers-with-9-heres-the-arb-price-outlook\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Arbitrum (ARB) price rose 9% this past week, trading to above $0.86. Meanwhile, Toncoin (TON), Chainlink (LINK) and Aave (AAVE) saw double digit gains. What next for ARB? Arbitrum (ARB) is trading higher over the 24-hour timeframe, holding off bears around $0.84 with [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23618"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23618"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23619"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}