ARB Price Holds Near $0.129 While Traders Watch BTC Dominance Closely
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ARB trading around $0.1285 with short-term resistance near $0.1288; analyst says a buy-the-dip could drive ARB toward $0.16 if buyers step in. - Vesting-related risk: one wallet transferred 142.5 million ARB to Coinbase Prime, signaling possible selling pressure and higher token supply on CEX. - Market context: narrow trading band amid altcoin momentum, low VIX and rising Bitcoin dominance; key crypto/DeFi implications for liquidity and price volatility.
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- ARB could continue toward $0.16 if a dip forms and buyers step in, Van de Poppe said.
- Analyst flagged vesting-related wallet activity, saying one wallet had sent 142.5 million ARB to Coinbase Prime.
- TradingView showed ARB at about $0.1285 at the time of writing, with short-term resistance near $0.1288.
Arbitrum traded in a narrow band on Friday as traders weighed a stronger altcoin backdrop against fresh warnings around token supply and Bitcoin dominance. On X, analyst Michaël van de Poppe said there had been “great momentum on altcoins over the past week” and added that with the VIX still low, Bitcoin showing momentum, and indices printing new highs, he “wouldn’t assume that this stops.”
For ARB specifically, van de Poppe said that if a correction comes, and he added that he doubted it, the market would likely see a buy-the-dip formation and then contin…
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