ARBITRUM WHALES BUY THE DIPS
- Arbitrum price moves inside a descending channel pattern, breakout could signal a bullish move.
- On-chain data shows that a whale has accumulated 2.38 million ARB tokens worth $1.69 million on Wednesday.
- Santiment data shows the development activity is rising, signaling a bullish move.
- A daily candlestick close below $0.564 would invalidate the bullish thesis.
Arbitrum (ARB) trades inside a descending channel pattern, with a potential breakout poised to trigger a bullish trend. Recent on-chain data indicates accumulation by a whale on Wednesday; coupled with an uptick in development activity, this suggests favorable conditions for upcoming bullish movements
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