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While Bitcoin hovers around 73 thousand dollars, other coins in the cryptocurrency market continue to rise. Arbitrum, which started the day with an rise over 10 percent, is currently trading at $ 2.18. So what is the direction in Arbitrum? Which regions should we follow?
Arbitrum Price Analysis:
In Arbitrum, which started the day with rise over 10 percent, the price is currently hovering at $ 2.18. According to CoinMarketCap data, it has risen more than 7 percent in the last week.
While the positive trend continues in the market, the first support zone in Arbitrum seems to be $ 2.09. However, the resistance zone is the $ 2.6 zone, where sales are experienced after the rise.
In addition to the positive course of Bitcoin, the fact that Bitcoin Dominance is around 53 percent blunts the price increases in altcoins to some extent. The rise in Bitcoin’s price and its subsequent horizontal course will create further bullish opportunities for altcoins.
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