Arbitrum Price Prediction: Can ARB Price Momentum Pull To $2 Before 2024?

Key Takeaways

• Arbitrum’s Performance: After a challenging year, ARB price have rebounded, showcasing a remarkable 106% surge since October 2023, aligning with the broader crypto market trends.
• Bullish Market Signals: The ARB price pattern displays an ascending triangle formation, a bullish sign in technical analysis, accentuating a breakout beyond the upper resistance level at $1.3, propelling ARB prices above $1.5.
• Technical Indicators: The ascending triangle formation and breach above key resistance levels indicate potential further upside, projecting a potential rally targeting the $2 range by the end of 2023.
• Positive Price Predictions: ARB price predictions foresee the Arbitrum price reaching between $1.7 to $2 by the year’s end. Further predictions for 2024 and beyond outline a bullish trajectory with price targets ranging from $2.2 to $10 by 2030.
• Future Market Outlook: Anticipated support levels between $1.25 to $1.3 position as a support zone for ARB price, while price predictions and technical analysis suggest a favorable and upward trend for ARB in the near future.

Arbitrum Overview as of December 28, 2023

Arbitrum Technical Analysis

ARB/USD | Source: Tradingview

• Arbitrum price performance has lagged behind other newcomers for most of 2023 especially since its listing early this year – with a more than 86% decline this year, indicating a challenging period for ARB price.
• Since October 2023, ARB prices have rebounded, aligning with the broader crypto market. The surge in ARB prices has been nearly 106% from mid-October onward.
• The ARB price pattern shows an ascending triangle formation, a bullish signal in technical analysis through November and December. And finally, on December 22, we saw a proper breakout beyond the $1.3 region, which is the upper resistance for the ascending triangle pattern.
• Thanks to this breakout, ARB price has already breached the $1.5 mark and even briefly touched the $1.7 region before correcting slightly. Overall, the price structure remains poised to continue this bullishness and can rally all the way up to $2 before the end of 2023.
• Regarding potential downside, the range between $1.25 to $1.3 is anticipated to serve as a support zone for the token, positioned between the upper resistance level of the ascending triangle and the R3 Fibonacci pivot point.

Read More: Optimism Crypto Price Prediction

ARB Price Prediction 2023-2030

Arbitrum Price Prediction December 2023

With the beginning of the last month of the year, the price is believed to trigger a healthy upswing as the bulls may head towards a bullish close. Overall, indications suggest that the rally may continue over the last few days of 2023 to bring ARB price in the $1.7 to $2 range. 

Arbitrum Price Prediction 2024

Although the price closed the yearly trade on a bearish note, the ARB price is believed to have maintained a consolidated trend since the start. However, the bulls could maintain certain strength, which may pave the way for the price to manifest a fine upswing. By the end of the year’s first half, the Arbitrum price is believed to trade around $2.2 to $2.4. 

During the year’s second half, the price could trigger a fine upswing, squashing all the bearish momentum. After a few weeks of consolation, the price may trigger a strong rise, which could transform into a bull run. By the end of the year, the ARB price is believed to trade around $3.2 to $3.5.

Arbitrum Price Prediction 2025

In the first few days of the year, the price is expected to maintain a notable upswing and secure levels beyond $3.8. By the end of the year’s first half, the price is expected to rise steadily and close the trade, forming new highs at around $4.2 to $4.5. This may attract bearish attention, but the impact could be negligible. 

The trade may further turn completely in favor of bears during the second half of the year, where the prices may shed heavily following a bearish breakdown. The descending trend could intensify as it advances. By the end of the year, the Arbitrum price could trade around $3.45 to $3.89 and close the yearly trade on a bearish note. 

Arbitrum Price Prediction 2026

The Arbitrum price is believed to carry forward the same trend as triggered during the last few weeks of 2025, maintaining a steep descending trend. The bear market could intensify after the ARB price breaks crucial support levels at $2.8. This could further create a huge bearish wave which gets amplified as the trade advances. 

In the second half of the year, the prices could continue to descend while the bulls may remain passive. Like 2022, the crypto markets are expected to maintain a steep descending trend until the end. Further, the ARB price may close the yearly trade around $1.75 to $1.89. 

Arbitrum Price Prediction 2027

The ARB price could maintain a notable descending trend for a few days until it reaches the bottom. However, the trend could trigger a healthy rebound by the end of the first quarter, which may lift the price above the bearish influence. Further, the price may maintain a healthy upswing, forming consecutive higher highs and lows, displaying the growing strength within the bulls. 

The price may further intensify its upswing during the second half of the year when the bulls are expected to manifest extreme strength compared to the bears. Here, the crypto may trigger a decent recovery that may prevail until the end of the year. The Arbitrum price could trade around $2.65 to $3.2 by the end of the year.

Arbitrum Price Prediction 2028

With the revival of the recovery phase, the crypto markets are believed to manifest a consolidated upswing, while bearish interference could prevail to some extent. The trend could maintain a healthy upswing and rise above $3.5 during the first quarter. However, the bulls may continue to remain unsure of the next price action, which may preserve a consolidated trend. 

In the second half of the year, the intensity of the upswing could rise notably as the bulls are expected to utilize their accumulated strength. However, the bearish interference may still haunt the rally, but it may fail to trigger a steep descending trend. By the end of the year, the ARB price may trade around $3.78 to $3.95. 

Arbitrum Price Prediction 2029

Since the beginning of the year, the price is believed to maintain a healthy upswing as the rally could be between a fine recovery phase. The upswing could prevail throughout the year, testing the higher targets, aiming to reclaim the lost levels at the earliest. The price could trade around $4.5 to $4.9 by the end of the year’s first half, which may validate a fine upswing for the rest of the year. 

During the year’s second half, the upswing may intensify, with prices rising finely and achieving the upper targets. As the trade advances toward the end of the year, the pace of the rally may amplify, letting the price rise to new levels. By the end of the year, the ARB price could trade around $6.2 to $7.5.

Arbitrum Price Prediction 2030

After maintaining a steep upswing throughout the year 2029, the ARB price is expected to trigger a minor bull run since the beginning of the year. The intensity of the run may amplify further, causing the price to maintain a sharp ascending trend. By the end of the year’s first half, the ARB price is expected to trade around $8.2 to $9.5. 

In the year’s second half, the ARB price could intensify its upswing and reach the $10 milestone. The price may sustain above the gains for a while, beyond which the price may face a bearish pullback, attracting a bearish momentum. The descending trend could prevail till the end of the year, while the price may trade around $7.89 to $8.5.  

Additional Read: Polygon Matic Price Prediction

Will the Arbitrum Price Rise Again in 2023?

The Arbitrum price has been experiencing extreme bearish pressure since the beginning, from the time it began its trade. After undergoing massive price compression, the price has undergone a massive breakout. Therefore, the ARB price could maintain a healthy upswing for the rest of 2023.

Values as on December 28, 2023.

FAQs