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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
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Post your - 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
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🎁 4 winners split $100 Futures Voucher! - 💙 Gate Square #Gate Blue Challenge# 💙
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ARB price prediction: Altcoin could increase by around 30% in the near future
The price of Arbitrum (ARB) broke above the important resistance zone of $1.7. Thus, it reached an all-time high of $2.43 in the first week of 2024. Following the initial decline, the price successfully confirmed the $1.7 zone as support in the previous week (blue arrow). Also, it formed a bullish pin bar candlestick. This move suggests that the bulls see the decline to the previous breakout level as a buying opportunity. Also, this is often a sign that the uptrend is leading to a continuation.
Meanwhile, the weekly RSI indicator is bullish and above 50. This points to an advantage for the bulls. If so, ARB price could rise again to an all-time high of $2.43. This target corresponds to an increase of 28.90% from the current price.
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