Arbitrum (ARB) 2023 Price Prediction: $2 Target

  • Bullish ARB Price Prediction 2023: $1.28-$1.40
  • ARB Price Forecast: $2 Target
  • Bearish ARB Price Prediction 2023: $1.052

In this ARB price prediction for 2023, we will examine the price patterns of ARB using reliable technical analysis indicators that are easy for traders to understand. We will also make predictions about how the cryptocurrency may move in the future.

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Arbitrum (ARB) Current Market Status

Current Price $1.17
24 – Hour Trading Volume $201,025,126
24 – Hour Price Change 0.84% down
Circulating Supply 1,275,000,0000
All – Time High $11.80 (On March 23, 2023)
ARB Current Market Status (Source: CoinMarketCap)

What is Arbitrum (ARB)?

Arbitrum is a recent solution created by a New York-based company called Off-chain Labs to enhance the Ethereum blockchain’s scalability. It is categorized as a layer-2 scaling solution, which means it operates on top of the primary Ethereum network. Its purpose is to enable faster and more affordable transactions. By processing transactions independently and integrating them into the primary chain, layer-2 scaling solutions like Arbitrum help alleviate congestion on the main blockchain.

Since its launch last year, Arbitrum’s scaling solution has experienced significant success. As a result, many developers have adopted Arbitrum’s solutions to host their decentralized applications (dApps). One of the advantages is that Arbitrum seamlessly integrates with the Ethereum Virtual Machine (EVM), making it convenient for developers to use and build upon.

Arbitrum (ARB) Price Prediction 2023

Arbitrum (ARB) currently holds the 37th position on CoinMarketCap based on its market capitalization. Let’s take a look at the summary of the price prediction for Arbitrum in 2023, considering the daily time frame.


On the chart provided, Arbitrum (ARB) has formed an ascending triangle pattern, which is commonly observed during a bullish trend. This pattern consists of a horizontal upper trendline connecting the highs and a lower trendline that connects the rising lows.

If the price manages to break out above the resistance level in the ascending triangle pattern, it is expected to continue moving upwards.

During the analysis, the price of Arbitrum (ARB) was observed at $1.17. If the pattern trend persists, there is a possibility that the price of ARB could reach the resistance levels of $1.2299 and $1.4054. On the other hand, if the trend reverses, there is a chance that the price may decline towards the support levels of $1.1605 and $1.0524.

Arbitrum (ARB) Resistance and Support Levels

The provided chart below shows the potential levels of resistance and support for Arbitrum (ARB) in 2023.

ARB/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as the resistance and support levels of Arbitrum (ARB) for 2023.

Resistance Level 1 $1.2829
Resistance Level 2 $1.4009
Support Level 1 $1.1538
Support Level 2 $1.0527
ARB Resistance & Support Level

Based on the analysis, if the bullish momentum of Arbitrum (ARB) remains strong, there is a possibility of it reaching and surpassing the resistance level of $1.4009.

On the other hand, if the bearish trend takes control of Arbitrum (ARB), there is a chance that the price of ARB may decline and reach a level as low as $1.0527.

Arbitrum (ARB) Price Prediction 2023 — RVOL, MA, and RSI

The chart below displays various technical analysis indicators for Arbitrum (ARB) including Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI).

ARB/USDT RVOL, MA, RSI (Source: TradingView)

The Relative Volume (RVOL) technical analysis indicator is utilized to assess the trading volume of an asset in comparison to its recent average volumes. It is calculated by dividing the current day’s trading volume by the average volume observed over a specified period, often the past 20 or 50 trading days. This indicator assists traders in identifying any unusual trading activity and detecting shifts in market sentiment.

During the analysis, the Relative Volume (RVOL) of Arbitrum (ARB) was observed to be below the cutoff line. This suggests that there is a low level of participation from traders in the current trend, indicating weak trading volume.

The Moving Average (MA) is another technical indicator that helps identify trends in the market by smoothing out price data. It calculates the average price of an asset over a specific period. Specifically, the 50-day moving average (50 MA) assesses the average closing price of the asset over the past 50 days. If the asset’s price is above the 50 MA, it suggests an uptrend or bullish market sentiment. Conversely, if the price is below the 50 MA, it indicates a downtrend or bearish market sentiment.

In the given chart, it is worth noting that the ARB price is positioned above the 50 MA (short-term moving average), indicating an upward trend. This suggests that ARB is currently in a bullish state. However, it is important to be aware that market conditions can change, and a trend reversal is possible in the future.

The Relative Strength Index (RSI) is another essential analysis indicator that assists traders in assessing the strength and momentum of an asset’s price movement over a given period. It calculates the RSI value by comparing the average gains and losses of the asset over the past 14 periods. The resulting value falls within a range of 0 to 100. Readings above 70 suggest an overbought condition, indicating potential price cooling or a downward correction. Conversely, readings below 30 indicate an oversold condition, suggesting potential price recovery or an upward correction.

Traders commonly utilize the RSI to spot possible trend reversals or validate the direction of a trend. For example, if an asset is experiencing an uptrend and the RSI reaches a reading of 70 or higher, it may indicate that the asset is likely to undergo a pullback or correction. On the other hand, if an asset is in a downtrend and the RSI falls to a reading of 30 or lower, it may suggest a possible reversal in the trend.

During the analysis, the RSI of ARB was observed to be at 56.30. This reading suggests that ARB is currently not in an oversold or overbought state.

Arbitrum (ARB) Price Prediction 2023 — ADX, RVI

In the below chart, we analyze the strength and volatility of Arbitrum (ARB) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).

ARB/USDT ADX, RVI (Source: TradingView)

To assess the strength of trend momentum, we can consider the Average Directional Index (ADX). The ADX value is calculated using two directional movement indicators (+DI and -DI) and is represented on a scale of 0 to 100.

Based on the information displayed in the chart, the ADX of ARB is within the range of 17.2310, indicating a weak trend.

In addition to the mentioned technical indicators, the chart also presents the Relative Volatility Index (RVI). This indicator assesses the volatility of an asset’s price movement during a specific period. In relation to the chart’s data, the RVI of ARB is positioned below 50, suggesting low volatility in the asset’s price.

Comparison of ARB with BTC, ETH

Now, let’s analyze the price movements of Arbitrum (ARB) in comparison to Bitcoin (BTC) and Ethereum (ETH).

BTC Vs ETH Vs ARB Price Comparison (Source: TradingView)

Based on the information depicted in the chart, we can observe that the price movement of ARB is closely correlated with that of BTC and ETH. This means that when the prices of BTC and ETH rise or fall, the price of ARB also tends to follow the same trend, either increasing or decreasing accordingly.


Important: The information provided in this chart is the personal opinion of the author. It should not be considered as investment advice. Cryptosheadlines team advises everyone to conduct their own research before making any investment decisions.


  • Salim

    "Salim is a news writer at CryptosHeadlines who creates excellent, well-optimized content to ensure user satisfaction. He is skilled in forecasting News About Cryptocurrency Market & blockchain Industry."

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