Arbitrum (ARB) Price Prediction 2023-2025: Can ARB Recover From Its All-Time High?

Arbitrum [ARB] launched on 23rd March, 2023, with an initial price of around $0.50 on many big exchanges.

After launching on 23 March, 2023, Arbitrum [ARB] was priced at an initial average of $0.50 on several major exchanges.

The token went on to hit an all-time high in early 2024, before dropping below its launch price and forming a potential double bottom on the daily chart. However, this double bottom is yet to be confirmed since ARB is yet to displace its medium-term high.

Source: TradingView

Despite the above, several analysts seemed to be convinced that ARB might have bottomed out, especially considering the historical trend of a bullish Q4 for the crypto market.

Technical indicators, such as the MACD, were seen turning bullish, and this further added to the anticipation of a price bounce.

Total addresses with balance increasing

On-chain, Arbitrum saw growth in the number of addresses that held ARB, despite the overall decline in price since its launch. This highlighted the continuous adoption of Arbitrum’s Layer 2 solution, built on the Ethereum blockchain to enhance scalability and reduce transaction costs.

Source: IntoTheBlock

Arbitrum DAO, the network’s governance body, was seen as a significant innovation. It marked the first Ethereum Virtual Machine (EVM) rollup to reach Stage 1 decentralization, further cementing the project’s credibility in the crypto-verse.

Arbitrum liquidation levels

The price movement for ARB was influenced by liquidation levels. At the time, there were 31 critical long liquidation levels compared to 32 short liquidations, suggesting the market sentiment was still balanced.

This near-equal distribution of long and short liquidations implied that traders were unsure of ARB’s next move, but optimism was slowly building.

The neutral sentiment reflected the broader market conditions, where most cryptos were in decline, leading to many investors liquidating their positions.

Source: Hyblock Capital

Upcoming ARB token unlock this month

In five days, Arbitrum was set to unlock 2.65% of its current circulating supply. This amounted to roughly 92 million ARB tokens, which were to be allocated to team members, future contributors, and investors.

Such events had the potential to impact short-term price movements. It was important to view them within Arbitrum’s long-term fundamentals and consider market sentiment.

Source: Token Unlock

Realistic or not, here’s ARB’s market cap in BTC’s terms

At press time, ARB was priced at $0.51, and its market cap stood at $1.8 billion. This suggested there was room for growth if the overall crypto market recovered.

Investors were keeping a close watch on ARB’s technical and on-chain metrics. The token stood to experience a price surge if market conditions improved. A bullish crypto market in the coming months could boost ARB’s value significantly.

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