Is ARbit (ARB) Heading the Right Direction Wednesday?

Wednesday, April 05, 2023 06:52 AM | InvestorsObserver Analysts

ARbit receives a weak short-term technical ranking of 3 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. ARB has a superior recent technical analysis than 3% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving ARbit a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ARbit!

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Trading Analysis

ARbit is $0.001229 (626.07%) above its 30-day low of $0.000196283 while -$0.025544 (-94.72%) below its 30-day high of $0.02696892. In addition, ARB's current price of $0.001425142 is under its 30-day moving average price of $0.002451094, leading to a weak short-term technical score. Overall the recent trading history of ARbit suggest that investors are bearish on the coin at the moment. ARB has a low market cap compared to the majority of coins with a total market value of $15,434.35. ARbit's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. ARbit's average volume is low as $877.75 worth of the coin is typically traded over a 24 hour period. ARB's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours ARB's volume is below its average with $119.01 exchanged.

Summary

ARbit's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on ARbit (ARB).