Arbitrum has increased by more than 12 % in the past 24 hours after being included on Robinhood, which increased strong speculation interests. The market ceiling now reached $ 1.8 billion, while trading volume increased to $ 400 million during the same period.
Although prices increase, technical indicators show that ARB is still in a decline, although buyers have begun to control.
The ARB DMI scheme is now in control
After the RobinHood menu AnnougerThe DMI movement index (DMI) showed noticeable transformations.
ADX, which measures the strength of the trend, has decreased slightly to 28.4 out of 30.6, reflecting the weak direction of the weak. However, +Di rose from 13.5 to 29.3, while -Di decreased from 37.3 to 25.2. It indicates that buying momentum increases while selling pressure.
Despite these improvements, ARB is still in a declining direction. However, the recent shift in the direction movement indicates a possible reflection of the trend if the bullish momentum continues to build.
The average trend index (ADX) is an technical indicator that evaluates the strength of the trend, regardless of the direction. The above readings indicate 25 to a strong direction, while values that are less than 20 indicate the weak or non -confirmed market conditions.
With ADX currently at 28.4, the ARB direction remains a good definition, but the declining value indicates that the downward trend loses strength.
RISing +Di and Falling -Di notes that buyers have started controlling, but ARB still needs more confirmation to completely shift to the upward trend. If +Di continues to height and bypass -Di, ARB can create an upper reflection.
An active, arbitrary active headlines continue to decrease
Despite the recent increase in the introduction price after its inclusion on Robinhood, the number of active titles for 7 days on the expression chain has decreased steadily since December.
Currently, this scale sits in about 36400, a sharp decrease from 110,000 active addresses registered on December 7, when ARB was priced at about $ 1.23.
While the inclusion of Robinhood has pushed a short -term speculative interest, long -term sustainability can be stabbed for the growth of ARB prices if the participation in the series continues to be weak.
Tracking the number of active addresses is very important because it reflects the real user’s participation and the adoption of Blockchain. An increasing number of active addresses usually indicates a higher use, stronger demand for network services, and a more involved society.
However, decreased expression activity raises concerns about whether the last prices are driven by real adoption or just market speculation after the Robinhood menu.
If this trend continues, this may indicate that despite the increase in prices, the benefit of using the network itself fades. This may eventually weigh the ARB value in the long run.
Arb
The arbitrary EMA lines indicate that the currency is still in the direction of landing, as its short -term moving averages remain less than that long -term.
However, with the last prices increased after being included on Robinhood, short -term lines began to turn up.
If this momentum continues, the resistance expression price can test at $ 0.438. The collapse above this level can open the door to move about $ 0.466 and up to $ 0.51.
The ARB key will be whether the purchase pressure remains strong enough to keep this upward trend, which may reflect its previous declining structure.
On the other hand, if ARB fails to maintain its bullish momentum, the declining direction can resume. This can re -test the support level of $ 0.38.
The collapse below this area would indicate renewed weakness, which may lead to a decrease in the price to $ 0.349. If this level is lost, ARB will decrease to less than $ 0.35 for the first time ever, which enhances feelings of landing.
Disintegration
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