While BTC is trying to hold on to $43,300 under current market conditions, I think Arbitrum will rise to $5 levels in the possible rise scenario, especially in the second quarter of 2024 and the rest of the year. Currently, the price of ARB is $1.84 and it looks like it will close the day in plus, increasing by 2.65% as of January 29, 2024. Although Arbitrum is positive according to technical indicators, the Fear and Greed Index is evaluated at 49 points (Neutral). Over the last 30 days, 50% of Arbitrum was in the green while volatility was recorded at 13.75%. My opinion is positive and I expect major developments in the Arbitrum ecosystem in the near future. This will reflect positively on the price.
