{"id":604604,"date":"2024-11-26T08:50:01","date_gmt":"2024-11-26T08:50:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=604604"},"modified":"2024-11-26T08:50:01","modified_gmt":"2024-11-26T08:50:01","slug":"arbitrum-price-prediction-arb-pumps-7-as-this-2-0-pepe-raises-over-52-million-in-presale-amid-binance-listing-speculation","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/arbitrum-price-prediction-arb-pumps-7-as-this-2-0-pepe-raises-over-52-million-in-presale-amid-binance-listing-speculation","title":{"rendered":"Arbitrum Price Prediction: ARB Pumps 7% As Pepe Unchained Presale Rockets Past $52 Million Amid Binance Listing Speculation"},"content":{"rendered":"

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.<\/span><\/p>\n

Arbitrum Price On A Sustained Rally<\/h2>\n

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 <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

As a result of the rising channel, <\/span>the price of Arbitrum<\/span><\/a> has now crossed over both the 50-day and 200-day Simple Moving Averages (SMAs), which cements the general bullish outlook.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"Arbitrum
ARBUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

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.<\/span><\/p>\n

Meanwhile, investors are going all-in on the<\/span> Pepe Unchained ($PEPU)<\/span><\/a> presale, which has hit an incredibly $52.6 million in funds raised.<\/p>\n

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.<\/span><\/p>\n