Arbitrum (ARB) Down 0.01% Friday: What's Next?

Friday, March 29, 2024 08:48 AM | InvestorsObserver Analysts

Arbitrum (ARB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has lost 0.91% to $1.65.

InvestorsObserver is giving Arbitrum a 30 Volatility Rank. Find out what this means to you and get the rest of the rankings on Arbitrum!

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Moderately Volatile

InvestorsObserver gives Arbitrum a moderate volatility rank of 30, placing it in the bottom 30% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ARB's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Arbitrum price is in a good position going forward. With support near $1.61 and resistance set at $1.68. This positions Arbitrum with room to run before facing selling pressures.