Arbitrum (ARB) Primed for Upside
Renowned crypto strategist, Pentoshi, known for accurately predicting the Bitcoin bull market of 2021, believes that one Ethereum scaling solution flying under the radar is poised for a significant surge. Pentoshi shared his bullish outlook on Arbitrum (ARB) with his extensive following of 727,200 on the social media platform X.
Pentoshi highlights that if ARB manages to surpass its immediate resistance level at $1.70, it is likely to receive a considerable boost. Currently, ARB is trading at $1.38, making it an intriguing prospect for investors seeking potential upside opportunities.
Injective (INJ) Eyes the Skies
The vigilant analyst is also closely monitoring Injective (INJ), a decentralized exchange that aims to provide a diverse range of financial products, including spot trading and futures. According to Pentoshi, INJ’s price discovery journey is unobstructed, as there are no apparent resistance levels in its path.
Pentoshi points out that INJ is exhibiting one of the most remarkable price charts in the entire cryptocurrency space. As of now, INJ is valued at $42.14, showcasing its potential for further growth.
Optimism (OP) Breaks Barriers
Optimism (OP), yet another compelling layer-2 altcoin, has captured the attention of Pentoshi. Breaking its recent all-time high at approximately $3.29, OP has successfully overcome its known resistance levels.
As of writing, OP is valued at $3.42, indicating its promising prospects and the absence of substantial obstacles in its path.
By analyzing these Ethereum scaling solutions, Pentoshi presents a bullish outlook on their potential upside, making them viable options for investors seeking exposure to the crypto market’s growth.