Another "many promising" project - Arbitrum ARB There is a lot of hype around the project and a lot of listings, but at the same time, a lot of ARB giveaways and little trading history.
We usually evaluate all crypto projects without a "wow effect" and not through rose-colored glasses). This approach may not give, 1000000% profits every day, but it also saves the deposit from a possible long-term drawdown. For example, we were thinking along the same lines when APT was priced at $9.5, and we wrote that we were ready to buy it no earlier than $2-4.
Now the crypto market is on the verge of a possible correction, plus an increased supply of ARB from all possible airdrops can be thrown into the market, which can greatly lower the price.
Now we would like to observe the price behavior of ARBUSDT, especially during a possible critical failure of the crypto market. We have identified the following levels as our assumptions: $1, $0.90, and $0.72, where we will look at the ARBUSDT chart as closely as possible and decide whether it is time to buy or not. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
The post I'm waiting for, and I totally agree that if BTC corrects now (and it indeed shows correction signs) ARB will get dragged along, but that's the big IF. Should BTC move to 32K first before correcting, I believe we might see ARB targets $1.55 first before going down to your price value. Airdrops won't drag ARB much down if BTC is going up.
Should BTC move to 32K first before correcting, I believe we might see ARB targets $1.55 first before going down to your price value.
Airdrops won't drag ARB much down if BTC is going up.