ARB is sitting at a make-or-break point right now. After sliding down for months, Arbitrum’s token has finally touched the bottom line of a channel that’s been guiding its price since it peaked at around $1.2.
Crypto trader Ali highlighted this situation on X. “Arbitrum $ARB is sitting at the lower boundary of a descending parallel channel, which could lead to a rebound toward $0.63!” he wrote. Looking at ARB price history, Ali might be onto something interesting here.
What you'll learn 👉
The Technical Picture: Understanding ARB Price Channel Pattern
If you pull up the ARB/USDT chart, you’ll notice something right away. The price has been sliding downward in a channel since December. Each peak is lower than the last one, and each bottom is also lower than the previous one, forming a descending channel.
Right now, ARB has dropped to around $0.39, which happens to be the bottom line of this channel. This is where things get interesting. Every other time ARB has touched this bottom line, it’s bounced back up – sometimes just around the middle of the channel, and it could also go all the way to the top boundary near $1.1.
This creates a pretty straightforward opportunity. If ARB holds steady at $0.39 without breaking lower, we could see it climb back up to at least $0.63. And if buyers really pile in, we might even see it push toward that $1.1 level.
Potential Price Targets for Arbitrum Price
Ali’s chart analysis suggests a few possible paths forward from here.
The most likely scenario is a bounce from current prices to the middle of the channel at $0.63. That’s a 61% gain from where we are now – not bad for a short-term trade. But for those willing to be patient, the real prize might be that upper boundary at $1.1, which would nearly triple your investment.
Read Also: Expert Predicts Upcoming ~50% Litecoin (LTC) Price Spike – Here’s the Condition
Traders should look for confirmation before jumping in. A strong bounce with heavy trading volume would be a good sign, while a drop below $0.39 would suggest further losses ahead, possibly down to the $0.30-$0.32 range.
The next few days will tell us whether ARB price is ready to make that 3x move Ali is eyeing, or if bears still have more room to push prices lower. Either way, this support level offers one of the clearest trading opportunities we’ve seen for ARB in recent months.
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