🚀 Arbitrum (ARB) is surging: +10% in an hour — what’s happening?
📈 In the last hour, Arbitrum ($ARB) has shown a powerful spike in price, breaking through key resistance and sharply rising to $0.33. Volumes — +130%. This is not a coincidence.
Here are 3 reasons why ARB is currently on the rise:
1. 🔓 Token unlock did not crash the price
Despite the release of 92.6 million ARB ($40 million) — the market did not deflate. Investors viewed this as a sign of strength, not pressure.
2. 📊 Bullish technical breakout
The descending wedge has been broken. Analysts are already setting targets — $0.38, and if it solidifies above — up to $0.56.
3. 📈 Increase in network activity
The number of new and active addresses is up 30% over the week. This is fundamental support, not just a pump on news.
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💡 My opinion: I hold ARB and believe in a repeat growth cycle. If the asset consolidates above $0.33 — it opens the way to $0.40+. In case of a pullback, I consider buying more from $0.305.
📌 For this asset, this is financial advice‼️ I publish these posts to avoid public responsibility later.
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