A Promising Altcoin to Watch: Arbitrum (ARB) Poised for Growth
A well-known crypto analyst has recently shared insights on the potential growth of one Ethereum-based altcoin, Arbitrum (ARB), in the coming months. According to Michaël van de Poppe, a prominent trader in the crypto space, ARB is showing signs of a bullish divergence that could lead to a significant uptrend over the next 1-2 months.
Van de Poppe highlighted the higher lows and higher highs that ARB has been making, indicating a positive trend for the altcoin. He suggested that this bullish divergence could pave the way for ARB to perform well in the near future.
Currently, ARB is trading at $0.411, reflecting a 1.8% increase for the day.
Bitcoin (BTC) Outlook: Grind Towards New All-Time Highs
Turning his attention to Bitcoin, Van de Poppe expressed his belief that BTC will continue to climb slowly towards a new all-time high. However, he cautioned that a breach of the $107,000 support level could trigger a sharp correction in the market.
As of the latest update, BTC is trading at $107,249, with a slight decrease for the day.
Sui Network Recovery: Overcoming Recent Challenges
Van de Poppe also shared his insights on the Sui Network, a layer-1 blockchain and smart contract platform that recently faced challenges due to a significant hack. Despite the FUD surrounding the platform, Van de Poppe noted that SUI is showing signs of recovery.
The total value locked (TVL) on the Sui Network has bounced back to $1.8 billion, with a $300 million increase post the recent exploit. Van de Poppe emphasized that SUI’s resilience and price stabilization indicate its strength in the competitive landscape.
Currently, SUI is trading at $3.58, showing a marginal increase for the day.
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