ARB breaks out of a descending trendline, reaching a high near $0.43.
The $0.41 level now acts as support after previously serving as resistance.
24-hour volume drops 37%, with price down 2.67% and market cap at $2 billion.
Arbitrum (ARB) has broken out of a prolonged downward structure on the daily chart, marking a critical technical development. The asset is currently priced at $0.4033, despite showing a 2.67% daily price decline. The breakout occurred above a descending trendline that had held since early February.
This shift came after repeated retests of the lower green support zone around the $0.26–$0.28 range. Now, former resistance around $0.41 is being tested as potential support. This price level remains a key focus as traders await a confirmed retest and hold.
Trendline Break Shifts ARB Structure as Price Eyes Key Fibonacci Resistance
ARB recently broke above a well-defined red descending trendline, ending a multi-month bearish sequence. This structure had guided lower highs from late 2024 through mid-2025. The move above this trendline opened the way for a bullish chart structure, with the next resistance areas set at $0.50 and $0.67.
https://twitter.com/CryptoBull009/status/1943909644813938954
The broader chart also shows a green demand zone where price rebounded several times. Following the breakout, momentum turned upward with a curved ascending projection mapped toward the $1.23 mark. This level marks the upper resistance of the chart and the final level of interest on the plotted Fibonacci projection.
ARB Pulls Back to Retest Zone as Volume Drops Post-Breakout
After breaking the trendline, ARB reached a high of $0.43 before pulling back slightly. The $0.39–$0.41 range is now being monitored as the main retest zone. If confirmed, this area could provide near-term support for further price consolidation.
However, current price activity shows some hesitation near this level. Notably, trading volume dropped by 37% in the last 24 hours, now standing at $347.64 million. This reduction in volume may suggest a cooling off period following the initial breakout.
Source; CoinMarketCap
Market Cap Declines Despite Bullish Setup
While price structure shifted positively, ARB’s market capitalization recorded a 2.68% drop. The total valuation now stands at approximately $2 billion. This move occurred in line with the daily price decrease, which may indicate mild profit-taking or reactive selling near resistance.
Despite these figures, the structure remains above the former downtrend. The market remains within an established range, now with $0.41 as a potential pivot level moving forward.
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