Arbitrum ($ARB) Upward Trajectory Could Continue

For most of November and December, Arbitrum fluctuated in a narrow range between $1.0 and $1.2. The asset witnessed a rapid 44% increase starting December 22, reaching a new local high at $1.66.

Currently, Arbitrum oscillates between a support zone of $1.45-$1.51 and a resistance range of $1.61-$1.67. If BTC remains around the $43,000 mark, ARB's upward trajectory could continue, potentially challenging the resistance level at $1.7 and nearing its all-time high of $1.81.

A correction, though currently seeming less likely, could be triggered if Bitcoin declines, with key support levels at $1.39 and a range between $1.24-$1.32 possibly halting the downturn.