- Arbitrum rallies 17.3% amid Robinhood partnership rumors and surging trade volume
- ARB breaks key resistance at $0.3317, now aiming for $0.4289 breakout
- Social buzz and bullish signals fuel momentum as traders eye short-term breakout
Arbitrum (ARB) has caught traders’ attention with a strong rally in the past day. The token surged 17.3% to reach $0.3654 at the time of writing. At the same time, its 24-hour trading volume exploded by 589%, hitting $757 million.
Source: CoinMarketCap
Arbitrum Surges on Robinhood Partnership Rumors
This major jump comes amid talk of a possible partnership with Robinhood Markets, according to data from Coinpedia Markets. As a result, Arbitrum has become one of the top trending and top gainers in the crypto market recently.
Source: X
Also Read | Arbitrum (ARB) Price Forecast 2025: Can ARB Hit $2.40 Again?
Technical data from Coinpedia Markets shows that ARB broke above the key resistance level at $0.3317. This line has now turned into a new support area. The price is holding above the mid-Bollinger band, which sits at $0.3171.
The Bollinger Bands are widening at high speeds. This is an indication of increased market volatility. This expansion of these bands is an indication that larger price fluctuations can occur.
Meanwhile, the Relative Strength Index (RSI) of ARB stands at 61 points. This suggests that there is stronger purchasing strength but not yet overbought.
However, traders might expect a short-term pullback before more gains, as the coin’s price approaches the upper band. Looking ahead, immediate resistance stands at $0.4289.
ARB Eyes Breakout as Resistance Levels Tighten
A stronger barrier can be seen at $0.4568, which is also a key supply zone. If the Arbitrum price can move beyond these two levels with strong buying power, ARB could confirm a short-term breakout trend.
A successful breakout would boost market confidence and may draw more traders. Investors are now watching closely to see if the Robinhood partnership rumors turn into a confirmed deal.
This achievement might help Arbitrum increase in price and trading volumes. ARB is also trending massively on social media due to its rally.
Coinpedia Markets analysts advise monitoring the above resistance levels. They may define the major path of the token, at least in the short-term. The coin’s inability to break them could lead to a reversal of price or sideways movement.
Also Read | Cardano Bulls Eye Strong Breakout to Reclaim Momentum Above $0.60
