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ARBITRUM PRICE ANALYSIS & PREDICTION (January 6) – ARB Regains Lost Ground But Yet To Recovery Fully, Up 20% Weekly

As volume troops back in the market, ARB advanced bullish and posted gains to test the $0.9 level today. This level has halted buying activity in the past hour but it is expected to continue if the volume level increases. Last December’s drop took many by surprise as several altcoins including ARB broke down to a month low during the market-wide correction. Technically, that correction was healthy for the market to enable robust growth in the future, although it caused a serious panic in the market but the sellers short-lived their expectations as the price bounced back. While the sellers aim to resume pressure during the brief consolidation phase, the bulls took advantage of the bounce this week and pushed higher amid current rising demand. Fortunately, the wide but short correction halted and the price increased consistently. Looking at the latest setup, the bulls are back in action, although they are yet to recover all the lost grounds. A clear break above the previous monthly high should set the stage for a massive bullish move. Conversely, a rejection there could subject the price to a consolidation before breaking up. Now that ARB is starting the new year in a grand style, we can expect an explosive move when a break-up occurs. ARB’s Key Level To Watch Source: Tradingview Aside from the close $0.96 resistance, the key target level for the bulls right now is $1.1. If they overcome it, the $1.24 level would be the next resistance to watch with a potential breakout to $2 in the near term. A drop from the current trading level could trigger a small pullback to $0.74. Meanwhile, the latest move is supported by $0.7. Lower levels to watch for a breakdown are $0.613 and $0.57. Key Resistance Levels: $0.96, $1.1, $1.24 Key Support Levels: $0.705, $0.613, $0.57 Spot Price: $0.89 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Crypto Potato

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Things are Changing at the FED: Number of Hawkish and Dovish Members Updated! Here is the New Staff and Expectations

There will be significant changes to the Fed`s interest rate-setting committee in 2025, with two “hawks,” one “dove,” and one neutral member joining the Federal Open Market Committee (FOMC). The transition comes at a time when inflation concerns are resurfacing, posing new challenges for policymakers guiding the U.S. economy. The FOMC is scheduled to hold eight meetings throughout the year — in January, March, May, June, July, September, October and December — which will be crucial in determining the pace of future interest rate adjustments. Last month, the Fed cut its benchmark policy rate by a quarter point and signaled only two more rate cuts through 2025. Fed Chairman Jerome Powell said the central bank was entering a new era and that future rate cuts would be more gradual and data-driven, depending on inflation trends. “I think that’s a pretty strong message that a January rate cut is unlikely,” said Jan Hatzius, chief economist at Goldman Sachs. “Beyond that, the data will really have to drive that.” Related News: Can All Bitcoins Really Be Mined in the US After Trump Takes Office? Is This Possible? Susan Collins (Boston), Alberto Musalem (St. Louis), Jeff Schmid (Kansas City), and Austan Goolsbee (Chicago) will join the FOMC as voting members, consisting of seven Federal Reserve chairmen, the president of the New York Federal Reserve, and the rotating chairmen of 11 regional Federal Reserve banks. While these new members will play a prominent role, non-voting officials will continue to actively contribute to policy deliberations. The potential impact of President-elect Donald Trump’s policies further complicates the Fed’s decision-making process. Some economists say his proposed plans, which include higher tariffs, widespread deportations and tax cuts, could strain the labor market and raise inflation. *This is not investment advice. Continue Reading: Things are Changing at the FED: Number of Hawkish and Dovish Members Updated! Here is the New Staff and Expectations Crypto Potato