ARbit (ARB) Rises 29.77%, Outperforms the Crypto Market Friday

Friday, March 31, 2023 05:17 PM | InvestorsObserver Analysts

ARbit (ARB) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has advanced 29.77% to $0.00255525659.

InvestorsObserver is giving ARbit a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on ARbit!

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Highly Volatile

InvestorsObserver gives ARbit a high volatility rank of 87, placing it in the top 13% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. ARB's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

ARbit price is trading near resistance. With support near $0.00139323573678565 and resistance around $0.00256524896833879. This leaves ARbit with potential selling pressures ahead as it may be getting over extended.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.