#TradingTypes101

ARB Token Sees Notable Gains Over the Past 24 Hours

Trading Range: The price climbed from a low of around $0.398 to a high of $0.424.

24h Trading Volume: Between $320 million and $360 million, according to data from CoinMarketCap and CoinStats.

Current Price: Roughly $0.417, as of the latest update.

Market Cap: Estimated at $2.0 – $2.05 billion.

Circulating Supply: About 4.86 billion ARB out of a total 10 billion.

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🧠 Technical Insight

Support & Resistance: The $0.40 level is emerging as a support zone, while the area around $0.425–$0.43 may act as short-term resistance.

Weekly Performance: Over the past 7 days, ARB has gained around +12%, outperforming many other tokens in the same tier.

Trading Sentiment: The increase in both price and volume suggests growing confidence or speculative activity around the token.

📣 Possible Catalysts

1. Technical Developments: Upgrades or new integrations within the Arbitrum ecosystem could be driving investor optimism.

2. DeFi Activity: Increased usage of Arbitrum-based DeFi platforms may be fueling demand for the token.

3. Overall Market Bounce: Positive sentiment in the broader crypto market can lift major Layer 2 tokens like ARB.