Arbitrium’s price has burst out of a bullish falling wedge pattern, setting the stage for a potentially explosive upward move.
This development coincides with the project’s dominance in social activity, with a remarkable 6.8k engaged posts and 399k interactions in the past 24 hours, according to Phoenix.
$ARB/USDT ANALYSIS
ARB has broken out of the bullish falling wedge pattern.
The price is now poised for a potentially strong upward move.
Expect a good bullish wave if $ARB holds above the support zone.
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More analysis at https://t.co/7ORNDyjB3n pic.twitter.com/Gd5iaRTuAT— Jesse Trading (@TradeWithJesse) August 25, 2024
Massive Arbitrum ARB Token Withdrawal From Binance
In a notable on-chain transaction, Christian2022.eth withdrew 3.84 million ARB ($2.3M) from Binance just 20 minutes ago. Intriguingly, this same amount was deposited into Binance eight months prior, when the tokens were valued at $8.3M – a staggering 3.6 times the current worth.
Christian2022.eth @Christianeth 老哥在 20 分钟前从币安提出 384 万枚 ARB ($2.3M)。
他在 8 个月前 (1/14) 曾将同样数量的 ARB 充值进币安，当时这 384 万枚 ARB 价值 $8.3M，是现在的 3.6 倍。
哥，你这是一直拿着没动，还是高卖低买做了一个波段呀。https://t.co/mAk3ByccJj
本文由… pic.twitter.com/8CiIEzkZol
— 余烬 (@EmberCN) August 26, 2024
This significant withdrawal sparks curiosity about Christian2022.eth’s next move. Will they capitalize on Arbitrium’s surging momentum, or is this a strategic portfolio rebalancing? As ARB’s social activity and price action align, investors are eagerly watching this leading layer 2 project’s next steps.
TOP #LAYER2 PROJECTS BY SOCIAL ACTIVITY$ARB $ZK $STX $MATIC $STRK $IMX $SYS $MANTA $METIS $CYBER pic.twitter.com/bAvbCyLVUD
— PHOENIX – Crypto News & Analytics (@pnxgrp) August 26, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/arbitrium-arb-breaks-out-bullish-momentum-builds-amidst-surging-social-activity/