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ARB Slithers Upwards Hinting Bull Run, Will It Break Key Resistance Levels?

Published 18/07/2023, 17:00
ARB Slithers Upwards Hinting Bull Run, Will It Break Key Resistance Levels?

  • Lookonchain observed a whale withdraw 4 million ARB tokens from Binance today.

  • ARB experienced a double-digit surge of 15.20% over the week.

  • The altcoin needs to break through three minor resistance levels for a confirmed bull run.

The popular web3 data analytics platform, Lookonchain observed a whale withdraw 4 million ARB tokens from Binance today. Yesterday, Lookonchain also reported that three whales withdrew a total of 3.76 million ARB from Binance. These exchanges-to-wallet transactions by whales could increase ARB’s price as the supply continues to reduce. Moreover, whale movements are often observed by various traders and could change the psychological behaviors of the market.

Currently, Arbitrum (ARB) is trading at $1.29 after a fall of 0.75% in just one day. However, ARB experienced a double-digit surge of 15.20% over the week and is residing in the green zone of the chart. With a circulating supply of 1,275,000,000 ARB, its market cap is valued at $1,642,248,366. W…

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The post ARB Slithers Upwards Hinting Bull Run, Will It Break Key Resistance Levels? appeared first on Coin Edition.

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