Crypto analyst Bitcoin Buddha predicts a potential price increase for Arbitrum (ARB) above $1 based on chart analysis.

Signs of Triangular Consolidation

Bitcoin Buddha's analysis highlights a triangular consolidation pattern on $ARB's chart, suggesting an impending breakout that could lead to significant price gains. Such formation, already testing the upper trend line, often precedes pronounced price movements.

Key Support and Resistance Levels

The analysis identifies critical support and resistance levels for $ARB. Support includes $0.4297, $0.8000, and $0.8648, while resistance is marked at $1.2716, $1.6000, and $1.7587, with a potential target at $2.2837.

Expert's Perspective on Long-Term Holding

Bitcoin Buddha believes that long-term holders of $ARB may outperform. This perspective aligns with a steady growth pattern and a bullish outlook for the token's market future.

Both analysis and Bitcoin Buddha's perspective point to a potential rise in $ARB, keeping investors and market watchers closely following this promising cryptocurrency.