Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Will Arbitrum reach $2.4? – Traders, be careful with this level!
ALTCOIN NEWS

Will Arbitrum reach $2.4? – Traders, be careful with this level!

By Crypto FlexsDecember 1, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Will Arbitrum reach .4? – Traders, be careful with this level!
Share
Facebook Twitter LinkedIn Pinterest Email
  • ARB recorded the highest chain netflow in the last 24 hours, surpassing Ethereum and Solana.
  • However, it faced a major obstacle at a key resistance level where there was significant selling pressure.

Over the past month, Arbitrum (ARB) has shown a consistent bullish trend with a notable gain of 78.80%. This momentum extends to shorter time frames, with weekly and daily increases of 15.20% and 8.08%, respectively.

As AMBCrypto previously reported, this upward trend could continue as market participant action continues to support the bullish momentum.

Netflow fuel accumulation interest increases

At press time, data showed that the altcoin recorded the highest chain net inflows in the past 24 hours with $42.6 million in net inflows, beating Base, Solana (SOL), and Ethereum (ETH).

aspiratehain netflow measures the difference between inflows and outflows of assets. It is used to track fund movements, user activity, trading behavior and liquidity trends. As seen in ARB, positive net flows indicate accumulation and indicate potential upward price movement.

Source: Artemis

Additional analysis from AMBCrypto highlights that ARB’s bullish momentum is likely to continue.

As momentum gains, selling pressure eases.

The turnaround occurred after four consecutive days of significant exchange net flows totaling $17.04 million, indicating selling pressure.

A negative net flow was recorded over the last 48 hours, indicating that market participants are now holding ARB. As of this writing, $1.66 million worth of ARB negative netflow transactions have contributed to the recent 8% price increase.

Source: Coinglass

Additionally, there has been a noticeable decline in large holder trading volumes, pointing out that whales are scaling back their ARB sales.

Data from IntoTheBlock shows that in the same 48-hour period, large shareholder transactions fell by 500, from 706 to 206.

Source: IntoTheBlock

If this trend continues, ARB could maintain its upward momentum.


Read Arbitrum (ARB) price forecast for 2024-2025


ARB’s main resistance with $2.4 target in sight

The coin is expected to face significant pressure as it approaches key supply zones identified by the Money Around Price (IOMAP) indicator.

The supply zone between $0.96 and $0.98 carries a calculated selling pressure of 69.5 million ARB distributed across over 27,000 addresses. This is in line with the resistance level on the chart at $0.983, beyond which ARB has struggled to break above.

Source: IntoTheBlock

If ARB gains enough momentum to break this resistance line, it could head towards the upper target of $2.4, where significant liquidity will concentrate.

Source: TradingView

Next: Can Ethereum Classic’s Golden Cross Drive ETC Price to $40?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025
Add A Comment

Comments are closed.

Recent Posts

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025
Most Popular

Stablecoin bill unlikely to be attached to upcoming FAA reauthorization: Democratic aide

April 30, 2024

Hold on tight! Skybridge Chief Expects Bitcoin to Skyrocket to $170,000 in 18 Months

April 7, 2024

Ethereum co-founder transferred $72 million from ETH to Kraken.

November 28, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.