●Market watchers observe ARB testing crucial resistance at $1.12, with $1.29 as next target.
●Successful breakout could propel ARB toward $1.68, marking 50% growth from current levels.
●$0.94 support level remains critical threshold for maintaining bullish structure.
The Arbitrum network's native token has demonstrated notable resilience near the $1.12 price point throughout November. Technical analysts highlight the significance of this level, which has transformed from resistance to support multiple times in recent weeks.
Momentum indicators paint an optimistic picture for ARB enthusiasts. The Relative Strength Index maintains position above the 50 midline, while the Awesome Oscillator shows consistent green histogram bars above the zero line. These technical signals typically precede extended upward movements when accompanied by increasing trading volume.
Should buying pressure intensify, the path toward $1.28 appears achievable. Market participants are particularly interested in whether ARB can establish this as a new support zone, which would open the door for testing higher price targets. The $1.68 level represents a psychologically important threshold that could attract additional market interest.
Traders should monitor the $0.94 support level closely, as sustained trading below this mark could indicate weakening momentum. In such scenarios, the token might seek equilibrium between $0.85 and $0.90 before determining its next directional move. The $0.76 level represents the last major support before significant technical damage would occur to the current bullish structure.
Network activity and developer updates continue playing crucial roles in ARB's valuation. Recent protocol enhancements and growing adoption within the Ethereum scaling ecosystem contribute to fundamental strength that complements the technical outlook.
