The Crypto Titan, a top crypto market analyst, has highlighted a potential price surge for ARB, Arbitrum’s native token. In a tweet, the analyst suggested accumulating ARB within the $0.88-$1.00 range, citing a flipped demand zone and bullish chart patterns as the basis for this forecast.
The $ARB weekly chart shared by The Crypto Titan depicts a notable breakout above a long-standing downtrend line. This development indicates a shift in market sentiment from bearish to bullish.
The breakout was followed by steady price recovery, with ARB climbing from a foundational zone near $0.50-$0.55. This price zone acted as a key demand area during the recovery phase.
The token’s current position around $0.9966 shows resilience, further supporting the bullish outlook presented by the analyst.
What you'll learn 👉
Flipped Demand Zone: A Key Support Level
A critical area between $0.88 and $1.00, which once served as a supply zone, has now been flipped into a demand zone. This transition is evident from strong rebounds whenever the price nears this range.
The flipped demand zone aligns with the analyst’s advice to accumulate ARB at these levels. Above the flipped zone, the next resistance level stands at $1.20.
Breaking through this resistance is essential for confirming further upward momentum in the ARB price trajectory.
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ARB’s Projected Price Surge to $2.00-$2.20
The chart analysis projects a potential price increase of up to 120% from the flipped area. The anticipated target lies within the $2.00-$2.20 range. While a retest of the $0.88-$1.00 zone remains possible, bullish momentum could push ARB toward higher levels.
A falling wedge pattern, a recognized bullish reversal indicator, further reinforces the prediction. The token’s ability to sustain above key moving averages suggests continued upward strength.
The tweet emphasizes the accumulation of ARB tokens around the flipped demand zone for favorable long-term returns. This strategy is supported by the bullish technical indicators and the ongoing market structure changes highlighted in the chart.
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