By Cryptocurrencies remained in the green today as Bitcoin targets $100K again after weekend dips.
Meanwhile, Arbitrum (ARB) emerged among today’s top gainers after a 17% climb on its 24-hour chart.
ARB’s performance reflected the prevailing broad market optimism.
However, Arbitrum’s X post about potential artificial intelligence integration added to the alt’s upward momentum.
AI + Arbitrum =
The post attracted the crypto community’s attention, with one enthusiast stating, “AI is your last hope bros.”
ARB noted a bullish amidst the developments, with a swift surge from $0.8016 to a 24-hour high at $0.94.
That translates to a 17.27% surge on Arbitrum’s daily chart.
ARB price performance
The altcoin trades at $0.9133 after a slight dip from the daily peaks.
ARB boasts robust momentum and looks to extend its prevailing recoveries.
The price sways well above the vital 50-day and 200-day Exponential Moving Average (EMA), confirming stable uptrends.
The Moving Average Convergence Divergence has crossed the signal line to the upside on the 4-hour chart.
Also, the emerging green histograms signal a notable bullish comeback.
ARB’s potential 300% surge
Furthermore, renowned analyst Alex Clay predicted uptrends for ARB.
He highlighted a descending wedge setup in the token’s recent price actions.
The bullish formation triggers upside breakouts after downward consolidations.
Previously, the pattern catalyzed up to 82% surges for Arbitrum price.
Meanwhile, ARB broke out of the pattern with its recent gains, signaling extended gains.
Bulls will eye $1.250, $1.830, and then $3.650 (according to Clay’s chart).
Hitting the highest target would translate to a 299.63% gain from the current price.
Arbitrum’s forecasted gains align with the broad market optimism, where analysts predicted continued bull runs in the upcoming months.
Javon Marks highlighted that altcoins have recovered since late October 2024.
#Altcoins (Alts by TOTAL3) looked absolutely ‘primed to GO’ in late October 2024 and in recent retrospect, primed they were as prices have been climbing majorly but metrics suggest that this can continue!
The Total Alt Market Cap could be preparing for a push near $2 Trillion…
The total alt market caps soared consistently amid bullish price movements.
The analysis expects uptrend continuations, with the alt market cap eyeing $2 trillion.
That would mean alts exploding in the upcoming months, aligning with the awaited 2025 “altcoin season.”
The chart reveals a previous downward trend, marked by steady price dips.
Nevertheless, a reversal setup welcomed robust rallies.
The upside momentum remains despite slight consolidations inside a plunging channel.
Javon trusts a breakout from the channel would catalyze renewed buyer sentiment within the altcoin sector.
Such a move signals a measured movement that suggests a potential 81% increase.
The market stays beyond the breakout level while consolidating recent gains, suggesting imminent price surges.
Also, the Relative Strength Index’s bullish divergence amidst plunging prices supports these observations.
The upcoming sessions suggest a lucrative environment for explosive price actions, and integrating artificial intelligence would see ARB outperforming during the altcoin season.
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