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The Arbitrum price pumped 7% in the last 24 hours to trade at $0.9035 as of 11:53 p.m. EST on trading volume that skyrocketed 80% to $1.9 billion.
Arbitrum Price On A Sustained Rally
The Arbitrum price has been on a sustained rally in November, as the bulls capitalized on the $0.50 support to push the price through higher highs and higher lows, forming a rising channel pattern, according to data from GeckoTerminal.
As a result of the rising channel, the price of Arbitrum has now crossed over both the 50-day and 200-day Simple Moving Averages (SMAs), which cements the general bullish outlook.
The Relative Strength Index (RSI) is at 60.16, indicating that the asset is in a bullish zone but not overbought yet (overbought occurs above 70). The current RSI suggests the possibility of more upward movement, but traders should watch for overbought conditions as the price nears the upper range of the channel.
Meanwhile, the Moving Average Convergence Divergence (MACD) also shows that the price of Arbitrum is on a sustained rally, with the blue MACD line crossing above the orange line, forming a bullish crossover.
If the Arbitrum price keeps rising, the bulls could push the ARB to the immediate resistance at $0.925 (upper channel boundary). A break above could push the price toward the long-term target above $1.00.
Conversely, if the bears take charge of the price, ARB price could drop slightly to the $0.78 support zone, within the 50-day SMA.
Meanwhile, investors are going all-in on the Pepe Unchained ($PEPU) presale, which has hit an incredibly $52.6 million in funds raised.
According to 99Bitcoins, a leading crypto YouTube channel with more than 706k followers, Pepe Unchained ($PEPU) could be the next meme coin to deliver 100x returns.
Pepe Unchained Heads For $60 Million – Buy Now Before Tier-1 Exchange Listings
Pepe Unchained continues to gain traction as it approaches the last days of its presale. There are now only 17 days left to snap up the tokens before the shutter comes down on the biggest meme coin presale of the year.
This comes amid speculation that one of the most successful presales ever could be the next project to snare a coveted listing on Coinbase or Binance.
As its name suggests, Pepe Unchained is designed to free, or ”unchain,” the OG PEPE from its clunky, inefficient home on Ethereum.
POV: Pepe is visualizing breaking his chains and getting swole doing it!
It's only a matter of time now.. 🐸⛓🧠 pic.twitter.com/KZSq5KDdn1
— Pepe Unchained (@pepe_unchained) November 24, 2024
To do that, it comes with its own Layer 2 blockchain, which offers superior transaction speeds and significantly lower fees than the Ethereum blockchain that is home to $PEPE.
WE JUST HIT $20M RAISED!
And with this milestone, we have another major project update to share with our incredible community! pic.twitter.com/z9xlqZ2dAV
— Pepe Unchained (@pepe_unchained) October 16, 2024
Pepe Unchained also offers investors a 63% annual return on staked PEPU tokens.
PEPU tokens are currently priced at $0.01295 each. Investors eager to join one of the most successful presales of the year should do so before the presale ends in 17 days.
Buy PEPU tokens on the official website here with ETH, USDT, or a credit card.
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