Arcblock (ABT) Price Jumps 45% with Trading Volume Rising 2110%
Arcblock's price surged over 45% in the last 24 hours, reaching a market capitalization of $156.9 million. Trading volume increased by 2110.79%, now at $23.81 million, despite a general decline in other altcoins.
- Arcblock (ABT) is a U.S.-based AI token.
- Calls for major exchanges to list ABT are growing among holders.
- Donald Trump's pro-crypto administration may positively impact Arcblock, especially with the establishment of Stargate and a $500 billion private investment fund for AI infrastructure.
ABT Price Analysis
- Opened at $1.24, peaked at $1.90.
- Nearest resistance is at $2, not broken since August last year.
- Currently trading 65.56% below its all-time high of $4.70 from eight months ago.
The MACD indicator shows bullish divergence, suggesting increased buyer demand. The Relative Strength Index (RSI) is at 60.08, indicating strong buying pressure and potential for further growth.
What Is Arcblock?
Arcblock is a blockchain protocol enabling decentralized applications (dApps). The ABT token, an ERC-20 asset, facilitates payments within the network and rewards user participation, focusing on scalability and ease of deployment.