Arbitrum claims its throne: The massive volume that will leave other Layer 2s in ruins 🔱
Watch out for that Arbitrum, family! ARB just broke the ceiling of $0.216 and has become rebellious against the rest of the market. 📈 While many are just warming up, this little gem of Layer 2 made a jump of 3% surpassing the overall average. We are not here for stories, we are here to see the numbers and that graph that tells us more than a thousand words.
Analyzing the graph, things are getting interesting: we have a "Falling Wedge" pattern on the weekly chart that is textbook. 🔍 Pay close attention to those white lines that are closing; the price has been bouncing like a ping-pong ball inside, but right now we are seeing the attempt to break upwards. If that pattern holds as indicated by the green projection, we would be talking about an epic recovery looking for levels we haven't seen in months.