Arbitrum's Bullish Prospects: Aiming 14% Rally Post-Consolidation

Arbitrum (ARB) is setting the stage for a promising rally, eyeing a 14% price increase following a period of consolidation. Successfully holding above the $1 mark, ARB's market conditions are primed for accumulation, with key indicators showing potential for upward movement. The correlation with Bitcoin's performance, currently nearing a breakthrough at $65,000, plays a significant role in ARB's trajectory. As investors position for gains, the technical analysis reveals that breaking resistance levels could lead ARB to new heights, targeting $1.21 in the near future.

_{Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.}