Crypto worth prediction: Arbitrum, Solana, Axie Infinity

• Arbitrum (ARB) worth reveals indicators of additional positive factors as analyst suggests subsequent hurdle is at $2.
• In the meantime, Solana and Axie Infinity are poised at key assist ranges after current spikes.

Away from Bitcoin and Ethereum, three cryptocurrencies trending at present are Arbitrum (ARB), Solana (SOL) and Axie Infinity (AXS). Right here’s how the altcoins are poised because the broader crypto market eyes a constructive begin to 2024.

Arbitrum (ARB) worth outlook

The value of Arbitrum, a rollup chain for scaling Ethereum, has surged greater than 11% previously 24 hours. ARB stands out as one of many prime performing cash previously week with 35% upside, with this coming as Arbitrum bounced from a quick community outage. It at present trades close to $1.54, having examined the $1.66 excessive on Thursday. In response to knowledge from CoinGecko, Arbitrum’s present worth degree sees it simply 8% off its all-time excessive.

With sentiment constructive, ARB/USD might goal the $2 mark to strengthen the anticipated bullish transfer in 2024.

In response to crypto analyst Michaël van de Poppe, ARB ought to could depend on stable assist within the $1.40 to $1.45 vary.

I’ve posted some updates on $ARB.

Retest at $0.98 did work, continuation in direction of $1.35 as nicely and even additional.

Some stunning S/R flips, I believe $1.40-1.45 ought to maintain and we are able to proceed to $2. pic.twitter.com/wIFEg26zq8

— Michaël van de Poppe (@CryptoMichNL) December 28, 2023

Solana worth dangers dip to or under $100

Solana has dumped greater than 8% previously 24 hours to see it commerce in direction of the vital degree of $100. Presently, SOL worth is at $102, with weekly positive factors lower to only 17%. Buying and selling quantity is down 12% as of writing, whereas ecosystem tokens comparable to Bonk are additionally dumping laborious.

Whereas SOL might nonetheless rebound to current highs amid the crypto bull market, there’s potential for a bearish flip under the highlighted psychological degree. Nevertheless, the market stays largely bullish on the altcoin. Crypto dealer @ShardiB2 factors to the overbought outlook for SOL however notes the declines present a purchase the dip alternative.

$SOL

Effectively, obtained critically overbought, had a day by day reversal candle affirm and now cooling off

I am in all spot, let it come down, not like it will keep there IMO and we are able to all scoop up extra and do it once more

nonetheless inexperienced dots, inexperienced line pic.twitter.com/Jqgx2WdbLe

— Shardi B Buying and selling #teamshardi (@ShardiB2) December 28, 2023

Axie Infinity seeks bullish flip

Axie Infinity (AXS) has not had a terrific 12 months, with its token lagging prime altcoin performers over the previous twelve months. Nevertheless, AXS has pumped greater than 170% since mid-October, together with a major 40% spike previously 30 days. 

Information associated to the Axie Infinity gaming ecosystem, particularly the lengthy awaited Axie Half Evolution. It’s an ecosystem bump that would see Axies’ worth rise with a broader impression for the AXS worth.

Whereas the token at present trades close to $9.13, down 4.6% previously 24 hours, the upside trajectory might maintain if it stays above $9.00. Revenue taking previously two days has injected draw back strain. AXS traded at highs of $11 earlier.