ARPA confirms breakout above descending trendline with a retest holding at $0.022.
Trading volume reaches $18.27 million, nearly 80% of the token's market cap.
ARPA eyes targets at $0.030, $0.03272, and $0.04922 after sustained accumulation phase.
ARPA continues to show early strength after confirming a breakout from a long-term trendline. With stable support holding near $0.022, the token is gaining traction as traders monitor volume, price structure, and key resistance levels ahead.
ARPA Displays Bullish Structure as Price Holds Above Breakout Level
ARPA is maintaining its position above a key technical level after a breakout from a descending trendline. The price retested the breakout zone successfully near $0.022 and continued to trade higher. This development comes as the broader market experiences growth in Layer 1 and Layer 2 tokens.
The symmetrical triangle pattern that had formed since earlier in the year compressed ARPA’s price range. The breakout occurred in early August, and the confirmation came from a sustained retest, which transitioned previous resistance into support. Current price action remains within a stable bullish range, consolidating around $0.02331.
According to Crypto Candy (@cryptocandy24x), "$ARPA looks good while Layer1/2 flying. Breakout and retest done on daily timeframe. Expecting some move in short term." This aligns with the current chart structure, which points to an early stage in a potential upward continuation move.
https://twitter.com/cryptocandy24x/status/1956724191279169767
Market Cap and Supply Conditions Reflect Room for Growth
ARPA’s market capitalization stands at $22.9 million, categorizing it as a low-cap digital asset. The fully diluted valuation of $46.6 million indicates room for further price discovery as more supply enters circulation. With 982 million tokens already circulating out of a 2 billion total, the project has reached nearly 50% distribution.
This supply structure reduces the risk of immediate dilution, especially when demand is building steadily. Price stability above the $0.02226–$0.01868 demand zone has held for several months, suggesting a base of accumulation among spot buyers.
Targets remain clear as the asset continues this phase. A break to the upside of $0.030 can serve as an opener to an advance to the $0.03272 and the $0.04922 level. These levels coincide with earlier resistance levels and should be sensible follow-up locations of traders trying to balance risk and reward.
Volume Surge Points to Accumulation and Spot Interest
ARPA recorded $18.27 million in 24-hour trading volume, nearing 80% of its market cap. This level of volume, without a news catalyst, suggests genuine market participation. Activity appears to be driven by early accumulation and not just short-term speculation.
The intraday chart confirms a wave of buying interest, with a notable spike near 17:00 followed by consolidation and higher low formations. The day’s high reached $0.02377 before cooling slightly. Price held above $0.0228 throughout, supporting the bullish structure.
Volume has not yet expanded aggressively, which may allow for continued entry opportunities before wider attention arrives. As ARPA aligns with broader market themes, traders continue to monitor price action for a push toward next resistance levels.
