ARB Price to Skyrocket 50% as Arbitrum DAO Approves Staking Proposal

Quick Summary:

However, with the latest news of the Arbitrum DAO approving a staking proposal, the price of ARB looks to be gearing up for a bullish breakout that could result in over 50% gains in the short term.

ARB price has been moving downward since the trend reversed after the March mini-bull run.

ARB is trending below the 21 and 50 exponential moving averages, which also serve as resistance levels, suppressing the price action.

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: India

Topics: Price Analysis ARB Price ARB price analysis Arbitrum Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 11:07:49 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22099612

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 18 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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