📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
ARB price prediction: Altcoin could increase by around 30% in the near future
The price of Arbitrum (ARB) broke above the important resistance zone of $1.7. Thus, it reached an all-time high of $2.43 in the first week of 2024. Following the initial decline, the price successfully confirmed the $1.7 zone as support in the previous week (blue arrow). Also, it formed a bullish pin bar candlestick. This move suggests that the bulls see the decline to the previous breakout level as a buying opportunity. Also, this is often a sign that the uptrend is leading to a continuation.
Meanwhile, the weekly RSI indicator is bullish and above 50. This points to an advantage for the bulls. If so, ARB price could rise again to an all-time high of $2.43. This target corresponds to an increase of 28.90% from the current price.
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