Arbitrum Price Prediction: 2024, 2025, 2030

ARB price prediction: Key highlights

1. Primary support and resistance levels

• $0.48 was the lowest support level, as analyzed in the daily time frame.
• The highest resistance can be anticipated at around $0.98.

2. Market sentiment

• As of August 2024, the market sentiment surrounding ARB is bearish. 

3. Predictive forecasts

• According to our AI/ML predictive algorithms, the average price of ARB is expected to reach $20 in 2028 and increase to $1,300 in 2034.

Uncover valuable information on ARB via a detailed daily technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

ARB technical analysis: Excess supply escalates sell-offs

In a detailed exploration of Arbitrum price prediction for 2024, the daily chart revealed the token’s struggles in the shorter time frame. The altcoin began the period by testing the peak chart barrier of $0.82. Nevertheless, the bulls were unable to rally amid the broader downtrend. After repeated tests, the price moved south in late June.
 

In the first week of July, the token plunged to a low of $0.61. ARB’s undervaluation preceded a recovery as the market sought equilibrium, allowing it to challenge $0.72. Despite this rise, a report by AMBCrypto disclosed that ARB had a breakeven price between $0.67 and $0.74, indicating that most investors had purchased the token at prices exceeding this range. Consequently, no holders were in profit during this period.

Furthermore, the data showed that the number of investors who had recently acquired ARB tokens for 1-2 months far exceeded those who had held onto their tokens for over a year. This trend suggested diminished confidence among long-term investors.
 

The impending rebound elevated it over $0.72 mid-month. Following this, ARB retested the highest resistance. However, sell-offs ensued. The selling pressure was amplified as the market was flooded with new supply. By late month, sellers flipped $0.72.

This trend continued into August, pulling it to the lowest floor at $0.48. Concurrently, on August 5, ARB hit an all-time low (ATL) of $0.42. With past patterns repeating, buying escalated at this low. Consequently, the price moved over $0.52. By the end of the analysis, ARB exchanged hands at $0.54.
 

The current recovery rally can likely extend over $0.61 before dropping again. As per TokenUnlocks, the network is set to release 92.65 million tokens on August 16. This bearish catalyst can cause investors to liquidate their holdings, triggering more losses for the token. If the price falls below the current base, it can likely go back to its lowest support. A pronounced bearish attack may push ARB to a new ATL.

Notwithstanding, the launch of Franklin Templeton’s OnChain U.S. Government Money Fund (FOBXX) on Arbitrum might draw investors towards it. The flip of $0.72 into support would mark the return of a bull market. Overcoming the peak resistance would be contingent on sustained positive market sentiment. After that, $0.98 stands as a price wall that could hinder ARB from regaining a $1.00 valuation.

Our predictive models exhibit strong optimism regarding the token's future. They project an average trading price close to $20 in the next four years and expect a further rise to $1,300 in 2034. This projection reflects the asset's long-term growth potential despite the short-term dips.

ARB's 2024 roadmap: Key indicators to watch and trade

• The Awesome Oscillator (AO) stayed predominantly below the zero line, albeit with a temporary positive surge in late July. The indicator ended the period at -0.1671, highlighting the market’s strengthening bearish stance.
• The trading volume stayed low for most of the analysis, with intermittent spikes observed with the price’s depreciation, especially to the lowest support. This pointed to buying driven by low prices.
• The Bollinger Bands remained close, with the price candles positioned below the 20-day Moving Average (MA). In early July, the candles’ dip below the lower band triggered a mid-month recovery over the 20 MA.
• However, this was unsustainable, and the 20 MA became resistant later in the month. A similar pattern repeated in early August. These oversold conditions prompted another recovery as the candles moved above the lower band, highlighting decreased selling pressure.