Arbitrum (ARB) is gearing up for a significant bullish explosion after forming a classic double bottom pattern on its daily chart. This formation, which began in April 2025 and completed its second bottom in July, indicates a potential long-term trend reversal. The price is now pressing against the critical neckline resistance around the $0.49 - $0.50 area, which aligns with previous peaks.
If ARB manages to break above this neckline with strong trading volume, it could lead to a strong surge towards and beyond the $1 mark, taking advantage of the "fresh air" low-volume area that suggests little resistance ahead. Volume profiles and the ascending structure indicate that ARB is ready to ignite higher once this explosion is confirmed.
Market momentum supports recent breakouts above key moving averages and high trading volumes showing strong buyer interest. The setups indicate exciting short-term targets at $0.66 - $0.80, with long-term potential extending beyond $1 as the double bottom explosion is executed.
In summary, Arbitrum is heading towards a hot and high-potential explosion after months of consolidation, making it one of the most interesting altcoins right now. Traders should watch for a confirmed daily close above $0.50 to capitalize on the rise.
