ARB, WLD Prices Surge In 24 Hours: Will Bullish Momentum Continue?

• ARB and WLD prices broke past critical points in the last 24 hours.
• ARB might rise to $1.27, or as high as $1.45 as bulls controlled the price action.
• The Fibonacci indicator suggested that WLD might hit a ceiling of $5.79.

For the first time since April 24, the price of Arbitrum (ARB) rose past $1 after the token surged by 9.73% in the last 24 hours. At press time, ARB’s price was $1.15. From Coin Edition’s finding the token value increased after Ethereum (ETH) which ARB seems to have a strong correlation with, climbed within the same period.

Another token that experienced a significant increase was Worldcoin (WLD). As of this writing, WLD changed hands at $4.93— a 4.66% increase in the last 24 hours. With these performances, can the price of the tokens continue to rally? Let’s find out.

Arbitrum (ARB)

According to the ARB/USD 4-hour chart, sellers have been dragging the price down since April 24. However, it seems bears got exhausted, allowing bulls to capitalize on the price action and spark an uptrend.

Though ARB’s price increased, an overhead resistance appeared at $1.19. A close above this resistance might pull ARB toward $1.27. On the other …

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