After launching the Arbitrum Foundation’s $1M DeFi grant & enabling FDUSD stablecoin, $ARB is now rallying hard with a +11.76% daily gain and 10.21% weekly growth. The Layer 2 giant’s market cap surged to $1.98B (+12%), while daily volume shot up over 115% to $364M — investors are clearly taking note 👀💸

🔹 Price action:

ARB broke above its 9-day SMA at $0.3616 — now solid support — and is trading near $0.4073, close to its intraday high $0.417.

RSI sits at 58.33, signaling the bulls still have room, but a short-term pullback isn’t off the table.

🚩 Key levels to watch:

Upside: Break $0.48, then eye $0.51 for a full bullish reversal from months of downtrend.

Downside: Holding above $0.36 is critical; slip below and consolidation or retracement could follow.

Despite trading ~83% below its all-time high of $2.40, recent long lower wicks show buyers are hungry on dips — a classic bullish sign 🦾🔥

Is ARB gearing up for a fresh leg up? Keep your eyes peeled 👁️‍🗨️