Arbitrum (ARB) price is showing signs of a strong bullish setup, and one analyst believes it could be the start of something big. According to CryptoBull_360 on X, ARB is forming a textbook double bottom pattern on the daily chart. This reversal setup often signals a major shift in momentum when it breaks through key resistance.
Looking at the chart, the ARB price has now pushed into the red resistance zone, which has acted as a barrier since March. This zone has seen multiple rejections in the past, but now things are different. The price is rising alongside stronger volume, which usually points to growing conviction among buyers. CryptoBull_360 suggests that if Arbitrum can successfully flip this resistance into support, a big breakout could be on the way.
The projected target from this pattern is just under $1, implying a possible gain of around 97% from the current level near $0.49. That kind of move would completely change the narrative around ARB, which has spent months consolidating below the $0.50 range.
@CryptoBull_360 / X
The double bottom pattern is clear. The two rounded lows formed in May and July create the base, while the neckline sits right in that red zone of resistance. Now, the ARB price is knocking on that door again, and if buyers take control, the next move could be sharp and decisive.
What Traders Should Watch Next for Arbitrum
CryptoBull_360 emphasizes that the confirmation will only come once the ARB price closes solidly above the red zone with good volume. Until that happens, the setup remains just a potential breakout. But the momentum is building. If this move plays out, it could be the beginning of a strong midterm rally.
The current bullish momentum is backed not only by the pattern but also by rising interest across the broader crypto market. With Ethereum Layer 2s gaining traction again, Arbitrum’s fundamentals are aligning well with this technical breakout.
SUI Also Building Strength Behind the Scenes
While Arbitrum is leading the breakout discussion, SUI is quietly forming its own bullish setup. Analysts tracking SUI have noticed accumulation patterns and rising trading volume as well. Although SUI hasn’t broken out as clearly as ARB, the structure suggests that it could be preparing for a move of its own.
Read Also: How Long Will Ripple (XRP) Keep Rising? Top Analyst Reveals Likely Timeline
Some traders are watching SUI for a similar double bottom setup. If the price clears its current resistance zone, SUI could join the broader rally led by names like Arbitrum. These parallel patterns are often signs that the market is rotating into a new bullish phase, especially among tokens that have underperformed in recent months.
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