December 23, 2024 ARB – Arbitrum Daily Chart Analysis
Outlook
ARB current price is 0.7664 USDT and the current market cap is 68.462.686 USDT. This chart period started 210 days ago (28 May 2024) with a total of 104 days closing above the opening price and 106 days closing below the opening price. The lowest price was 0.4287 USDT on 05 August 2024, and the highest price was 1.24 USDT on 06 December 2024. The current price is 78.77% above the lowest price and 38.11% below the highest price.
Moving Average
Moving Averages (Closing Prices):
5-Day Moving Average: 0.77
22-Day Moving Average: 0.97
50-Day Moving Average: 0.84
100-Day Moving Average: 0.70
250-Day Moving Average: 0.77
500-Day Moving Average: 1.06
Moving Average Analysis
The current price is %0.17 lower than the 5-Day moving average and has been below it for 0 days.
The current price is %21.27 lower than the 22-Day moving average and has been below it for 0 days.
The current price is %8.28 lower than the 50-Day moving average and has been below it for 0 days.
The current price is %9.96 higher than the 100-Day moving average and has been above it for 33 days.
The current price is %0.20 lower than the 250-Day moving average and has been below it for 0 days.
The current price is %27.63 lower than the 500-Day moving average and has been below it for 0 days.
Trends
The longest uptrend in the 210 day period is 7 days. It started at 0.47 USDT on 04 November 2024 and ended by increasing by 41.81% to 0.67 USDT on 11 November 2024.
The longest downtrend is 7 days. It started at 0.73 USDT on 26 July 2024 and ended by decreasing -16.93% to 0.60 USDT on 02 August 2024.
Support & Resistance
This review was made for the last 7 days
Last 7 days support levels:
Support: 0.85 USDT on 18-12-2024
Support: 0.75 USDT on 19-12-2024
Support: 0.67 USDT on 20-12-2024
Support: 0.72 USDT on 22-12-2024
Last 7 days resistance levels:
Resistance: 0.85 USDT on 21-12-2024
Resistance: 0.77 USDT on 23-12-2024
The lowest support level is 0.67 USDT on 20-12-2024, and the highest resistance level is 0.85 USDT on 21-12-2024. The percentage difference between these levels is approximately 26.9%.
Volume
The previous trading day’s volume (22-12-2024) 75,794,218.50 USDT. Highest volume in the last 210 days is 321,232,723.50 USDT on 05-08-2024. Lowest volume in the last 210 days is 17,978,638.30 USDT on 31-08-2024. Difference between highest and lowest volume is 1686.75%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 138,931,873.32 USDT
22-day Moving Average Volume: 135,747,117.47 USDT
50-day Moving Average Volume: 147,591,316.47 USDT
100-day Moving Average Volume: 104,567,820.96 USDT
250-day Moving Average Volume: 80,571,726.08 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 75,794,218.50 USDT
Previous day’s volume is 45.45% lower than the 5-day moving average.
Previous day’s volume is 44.17% lower than the 22-day moving average.
Previous day’s volume is 48.65% lower than the 50-day moving average.
Previous day’s volume is 27.52% lower than the 100-day moving average.
Previous day’s volume is 5.93% lower than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is 2.35% higher than the 22-day moving average.
22-day moving average is -8.02% lower than the 50-day moving average.
50-day moving average is 41.14% higher than the 100-day moving average.
100-day moving average is 29.78% higher than the 250-day moving average.
Volume Trend
The longest consecutive volume increase started on 17-08-2024 with a volume of 18,464,408.20 USDT and ended on 24-08-2024 with a volume of 69,988,707.50 USDT, lasting for 7 days and representing a 279.05% increase.
The longest consecutive volume decrease started on 27-05-2024 with a volume of 123,690,850.40 USDT and ended on 01-06-2024 with a volume of 21,530,708.40 USDT, lasting for 5 days and representing a 82.59% decrease.
Price Volume Coorelation
During the longest volume increasing period price increased from 0.54 USDT to 0.62 USDT, which represents a 15.07% increase.
During the longest volume decreasing period price decreased from 1.23 USDT to 1.13 USDT, which represents a -7.84% decrease.
Strategy
After the peak it saw on December 6, it came under selling pressure and the 100-day moving average became support and the decline stopped.
Currently, the 250-day moving average is in resistance position. If it closes above the 250-day moving average, the 250-day moving average can be determined as the stop loss level and a “long” position can be opened.
ARB – Arbitrum
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
