The Arbitrum (ARB) price has increased swiftly since December 26 and is approaching its all-time high.

ARB broke out from a horizontal resistance area and faces only one more resistance on the way to its all-time high.

Arbitrum Breaks Out From Resistance

The ARB price has increased since falling to a low of $0.74 on September 11. The price created a higher low on October 19 and accelerated its rate of increase afterward.

The price broke out from a descending resistance trend line on October 23. Before the breakout, the trend line had been in place for 192 days.

Initially, ARB struggled with a pivotal horizontal resistance area but finally broke out in December, validating it as support on December 26 (green icon) and creating a long lower wick.

ARB is approaching its all-time high resistance of $1.82.

Cryptocurrency analysts and traders have a positive outlook for

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Author: Valdrin Tahiri

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