Arbitrum (ARB) is currently trading at $0.5283, evidencing a marginal 0.83% fall over the last 24 hours, with the trading volume taking a steep dive of 27.81% at $568.18 million. In spite of the near-short-term correction, the token has so far recorded a 9.39% gain on the week, with its 7-day average at $0.5291.
Industry commentators point out that the recent performance marks a period of consolidation for ARB, which remains of interest as one of the leading Ethereum scaling solutions.
As market analyst AltCryptoTalk describes, ARB has continued on a bullish trajectory, plotting on an uptrending channel outlined in orange on technical charts. This week’s downturn is considered more of a retest of the lower end of that channel and less of a reversal, which also rests at the $0.50 support line.
They regard the $0.50 level as pivotal both as a technical support and as a psychological level. A further holding above this standard could bolster investor attitudes and pave the way for further upside momentum. A sharp break below could, however, expose ARB to sharper near-term risks on the downside.
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According to DigitalCoinPrice, ARB will rally substantially in 2025, and forecasts are that the token will reach or exceed its all-time high of $2.40, potentially ranging between $1.07 and $1.16 at year-end. The bullish analysis will continue on the basis of sustained Arbitrum ecosystem adoption and overall digital asset market strength.
Changelly’s predictions are quite conservative. In their forecast, they envision at least $0.394 and an upper limit of $0.459 for the year 2025 for ARB, with the mean price coming at around $0.523. For next year in August, analysts see ARB trading between $0.402 and $0.523, which comes very close to current levels.
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