Arbitrum One Price Surges Following Breakout, Predicted Target $0.22

Arbitrum One (ARB) has seen its price skyrocket by over 11% in just 24 hours following a breakout on the charts. This sudden increase in value has led to predictions that ARB's price could potentially reach $0.22.

The breakout occurred as the altcoin's price bounced from the demand zone at $0.0955, according to the Reversal Detection indicator. The MACD was green over the last five days, indicating that bulls are gaining strength and putting ARB on a path towards its predicted target.