Arbitrum ( $ARB ) Sets Up for a Breakout 🚀📈: Cup-and-Handle in Play

📊 ARB is shaping a classic Cup and Handle on the daily chart, hinting at a bullish breakout after digesting sell pressure from recent token unlocks.

🟢 The price has bounced from the $0.34 base, moving through key supports and now consolidates between $0.461 and $0.5045—forming the handle.

📉 Indicators support the setup: RSI is at 53.7, MACD leans bullish, and volume is rising—signs of healthy momentum. Still, bulls may need patience.

🔻 A dip to the $0.415–$0.461 range is likely, with RSI expected to cool toward 35–40 and MACD turning down. $0.374 remains a key reload zone if that happens.

🚀 A breakout above $0.5045—possible around August 2–5—could spark a move to $0.522, targeting $0.60–$0.63. With a $216M DAO grant and L2 narrative support, ARB is one of the strongest technical setups this altcoin season.