Why Are LUMIA and ARPA Crypto Prices Going Up?

The recent surge in the prices of LUMIA and ARPA has sparked interest within the crypto community. LUMIA experienced a notable increase of over 40% today, rebounding after a brief decline following its launch.

This spike seems to be largely attributed to its recent listing on the Bitget exchange, which has provided the asset with increased visibility and trading volume.

Read Also: Why Is Perpetual Protocol (PERP) Crypto Price Pumping?

In a tweet, the official LUMIA account announced the listing, expressing enthusiasm for the Bitget community gaining access to what they describe as a leading Real World Asset (RWA) blockchain.

Ascending Channel Breakout for ARPA

Meanwhile, ARPA has also seen a significant price increase of 40% in the past 24 hours. This upward movement follows a breakout from an ascending triangle pattern, which had kept the price within a narrow range since early July.

The successful breakout indicates that ARPA has overcome a key resistance level. Currently, it is testing this former resistance as a new support level.

Observers in the market are closely monitoring this retest, as a sustained hold above this level could signal further bullish momentum for ARPA’s price.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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