Arbitrum (ARB) has just recorded an impressive increase of 21.17%, from the support zone of $0.30 to a local peak of $0.39 before adjusting slightly around $0.36. This explosion was accompanied by a remarkable increase in trading volume of nearly 495%, reaching $660 million, showing high demand from investors. The driving force behind ARB's price increase mainly comes from rumors of cooperation between Robinhood and Arbitrum, creating a FOMO wave attracting new cash flow into the market. This article will analyze in detail the causes, trading developments and technical signals so that readers can better understand the potential growth trend of ARB in the coming time.
Arbitrum (ARB) Price Breakout Review
Arbitrum quickly bounced after holding the important support level of $0.30. The 21.17% surge pushed ARB price to a high of $0.39 before a minor correction, representing a positive consolidation on the price chart. This recovery reflects strong investor confidence in Arbitrum’s potential to grow as a prominent Layer 2 platform in the Ethereum ecosystem.
Trading volume spiked to $660 million, nearly five times higher than previous sessions, showing overwhelming buying power overpowering selling pressure. This is a clear sign of strong market absorption of ARB coins, while also attracting many new traders and holders.
The Impact of Robinhood – Arbitrum Collaboration Rumors
According to Lookonchain, ARB's rally is closely linked to the rumor that Robinhood and Arbitrum will collaborate to build a blockchain platform that will allow European investors to access US stock trading. This rumor has aroused attention and created a FOMO effect in the market, attracting a strong flow of money into ARB.
The partnership could open up new opportunities for Arbitrum to build its user base and expand its applications, strengthening ARB’s position in the DeFi and digital asset trading space. Investors appreciate the growth potential when the project is combined with an advanced financial platform like Robinhood.
Supply and demand analysis in the Arbitrum market
Prior to the rally, the ARB market had been on a selling trend for five consecutive days, causing downward pressure to prevail. However, in the last 24 hours, there has been a clear shift with buying volume exceeding selling. Data from Coinalyze shows that buying volume reached about $148 million, surpassing selling volume of $132 million, indicating positive net buying from investors.
This difference creates a strong buying zone, signaling that demand is dominating. Along with that, the cash flow from the exchange increased sharply when the amount of ARB Token withdrawn was much higher than the amount deposited, reflecting a long-term accumulation trend and reducing the selling heat in the market.
Developments in the ARB derivatives market
Open Interest (OI) in the ARB derivatives market increased by 43.2% to $248.8 million, while derivatives trading volume increased more than fivefold to $1.23 billion. This shows that large traders are actively placing long-term positions, expecting ARB prices to continue to rise.
The Long-Short ratio reached 1.037, further reinforcing the argument that the majority of traders are inclined to open long positions. This is a positive signal in terms of market sentiment and the possibility of maintaining a steady uptrend.
Technical analysis and price trend forecast Arbitrum
The MACD indicator showed a positive signal when it performed a bullish crossover and rose to -0.0057, confirming the strength of ARB's current uptrend. At the same time, the RSI index rose from 45 to 57, entering a fairly strong buying zone, reflecting the confidence from the buyers starting to dominate the market.
The combination of technical signals and trading data suggests that ARB is in the process of consolidating buying power and has the potential to break the resistance level of $0.39 towards the $0.40 level. However, investors need to pay close attention to the developments if buying power weakens, ARB may adjust back to the support zone of $0.30.
Conclusion on Arbitrum (ARB) investment potential
Through detailed analysis of price movements, supply and demand in the spot and derivatives markets, ARB is showing remarkable strength after a period of weakness. The potential cooperation with Robinhood contributes to creating a great driving force to attract capital flows and growth expectations.
Technical signals show that the uptrend may continue in the short and medium term, but investors need to actively manage risks. Seizing the opportunity for price increases along with careful market analysis will help optimize profits when investing in Arbitrum.
Source: https://tintucbitcoin.com/arb-duy-tri-030-usd-tien-toi-040/
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