Arbitrum (ARB), Moderate Volatility and Rising Sunday: Is it Time to Cash Out?

Sunday, January 07, 2024 09:48 AM | InvestorsObserver Analysts

Arbitrum (ARB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has added 4.35% to $1.85.

InvestorsObserver is giving Arbitrum a 37 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 37, placing it in the bottom 37% 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 comes 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 trading near resistance. With support around $1.67 and resistance at $1.92. This positions Arbitrum with potential selling pressures ahead as it may be getting over extended.