Arbitrum Price Surge: ARB Up 7% as Market Activity Heats Up
The Arbitrum price surged by 7% in the last 24 hours, trading at $0.9035 as of 11:53 p.m. EST. This rally was accompanied by a massive 80% increase in trading volume, reaching $1.9 billion.
Arbitrum Price On A Sustained Rally
Arbitrum has been experiencing a sustained rally throughout November, with the bulls taking advantage of the $0.50 support level to push the price through higher highs and lows. This has resulted in the formation of a rising channel pattern, as indicated by data from GeckoTerminal.
As a result of this positive momentum, the price of Arbitrum has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming a bullish outlook for the asset.
Key Indicators Show Bullish Momentum
- The Relative Strength Index (RSI) is currently at 60.16, indicating that Arbitrum is in a bullish zone but not yet overbought. Overbought conditions occur when the RSI surpasses 70.
- The RSI suggests potential for further upward movement, but traders should remain vigilant for signs of overbought conditions as the price approaches the upper range of the channel.
- The Moving Average Convergence Divergence (MACD) also confirms the bullish trend, with the blue MACD line crossing above the orange line, forming a bullish crossover.
Potential Price Targets for Arbitrum
If the bullish momentum continues, the price of Arbitrum could break through the immediate resistance at $0.925 (the upper boundary of the channel). A successful breakout above this level could push the price toward the long-term target of $1.00 and beyond.
On the other hand, if bearish pressure takes over, Arbitrum’s price may retrace slightly to the $0.78 support zone, which aligns with the 50-day SMA.
Pepe Unchained Presale: A $52 Million Success
Meanwhile, the Pepe Unchained ($PEPU) presale is gaining significant attention, having raised an impressive $52.6 million in funds. According to 99Bitcoins, a popular crypto YouTube channel with over 706k followers, Pepe Unchained could be the next meme coin to deliver massive returns.
Pepe Unchained’s $60 Million Milestone Approaches
As the Pepe Unchained presale nears its final days, the project continues to attract a lot of interest. With only 17 days left before the presale ends, investors are rushing to buy PEPU tokens before the presale concludes. There’s also speculation that Pepe Unchained could secure a coveted listing on major exchanges such as Coinbase or Binance after the presale.
Pepe Unchained is designed to “unchain” the original PEPE from its inefficient home on the Ethereum blockchain. The project offers its own Layer 2 blockchain, which significantly improves transaction speeds and reduces fees compared to Ethereum’s network.
Why Invest in Pepe Unchained?
- Pepe Unchained promises superior transaction speeds and lower fees than the Ethereum blockchain.
- Investors can earn a 63% annual return by staking PEPU tokens.
- The current price of PEPU tokens is $0.01295 each.
- With the presale ending in just 17 days, now is the time to act before the opportunity passes.
Investors looking to join one of the most successful presales of the year should consider securing their PEPU tokens before the presale window closes.
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