Arbitrum Price Analysis: Holding Key Support Could Push The ARB to $1.24 Soon
- Arbitrum integrates Anoma Protocol, introducing native intents, programmable privacy, and interoperability.
- Analysts highlight key structural support zones that could trigger a strong and sustained ARB rebound.
- Experts project ARB could hit $0.25, $0.40, $0.63, $0.92, and $1.24, signaling strong upside if a trend reversal occurs.
Arbitrum (ARB) is moving in a downward direction with a notable depreciation in its price, mirroring the broader market conditions. The token is currently trading at $0.1924, marking a dip of 9.92% over the last 24 hours.
However, the data from Arbitrum revealed that Anoma is now live on Arbitrum, expanding its distributed operating system after its recent Ethereum deployment. The launch introduces native intents, programmable privacy, and interoperability through the Anoma Protocol Adapter. On-chain records confirm Arbitrum as the second network to integrate Anoma’s infrastructure.
With the Anoma Resource Machine active on Arbitrum, developers can build intent-driven and privacy-enhanced applications within an EVM-compatible environment. The ARM functions similarly to the EVM, delivering Anoma’s execution model through a lightweight installation. This ensures upcoming apps like AnomaPay will operate smoothly on Arbitrum.
The integration of Anoma on the Arbitrum network comes at such a period when the network is recording tremendous growth in terms of user base, liquidity, and developer engagement. With such additional functionality of advanced intent and privacy, Arbitrum further solidifies its leading Ethereum Layer 2 for scalable next-gen applications. In effect, this further triggers the development and growth of the Arbitrum network.
Also Read: Arbitrum (ARB) Faces Pressure: Can the BLOCK Token Launch Spark a Rally to $0.46?
Arbitrum Eyes $1.24 Rally After Holding Key Support
Moreover, the crypto analyst, Jonathan Carter, highlighted that the native token of the Arbitrum network, ARB, is at an important and eagerly awaited level as it tests the lower boundary of its large-scale descending channel. From the 3-day chart, the current level of the price is right on the large-scale structural support area.
Market analysts point out that a confirmed bounce at this level may mark the commencement of a trend changeover. Surviving this level would be an indication of a gradual weakening of selling pressure and renewed buying interest. It mirrors past patterns when ARB shifted from decline to sustained upward momentum.
Source: Jonathan Carter
If the reversal structure triggers, several potential breakout points have been identified by the analysts: $0.25, $0.40, $0.63, $0.92, and $1.24. All of them are crucial resistance points or areas of liquidity that may be tested on the way during the breakout wave for ARB.
Also Read: Arbitrum Under Pressure: Can ARB Lead the Rally to $0.30 in the Next Session?
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