Update on $ARB (Arbitrum):

🔍 Current

Price: ~$0.401 — up ~8% in the last 24 hours

24‑Hour Range: ~$0.37 to $0.416 — showing recent strength

Market Cap: High-$1.9 billion, position #48 globally

📈 What’s Fueling the Surge

Technical Setup: $ARB appears to be forming a bullish Elliott Wave 3, with a solid ascending triangle breakout.

Price Analysis: A +11.8% rally has pushed RSI into the high-50s, signaling possible short-term overbought conditions. Watch $0.36 support and resistance at $0.48–$0.51.

Ecosystem Tailwinds: Growth in DeFi grant programs and DFUSD stablecoin integrations continue to boost investor confidence .

Strategic Entry: With L2 tokens like ARB and OP down ~80% from highs, many see current levels as strategic accumulation zones .

🎯 Key Zones to Watch

Level Importance

Support ~$0.36–$0.37 Near-term bounce zones; ideal entry point

Resistance ~$0.48–$0.51 A clean break here could lead toward ~$0.60

Wave 3 Upside If momentum persists, this could fuel the next leg up

🧠 Quick Takeaway

ARB is showing momentum-driven strength backed by technical, fundamental, and ecosystem catalysts.

Near-term: Potential for slight pullback on overbought signals — ideal buy opportunity near $0.36

Mid-term: A breakout past $0.48–$0.51 could kick off a new upward wave toward $0.60+

🔑 Tip: Set alerts around $0.36 for entries and watch volume near $0.48–$0.51 for breakout confirmation.

$ARB

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