news 
Arbitrum Price Eyes $0.45 Resistance as Volume Surges Over 480%
The Arbitrum (ARB) price has been making significant strides over the past day, with a notable surge of 17.88% in just 24 hours. This remarkable uptrend is fueled by an astonishing 487% increase in trading volume.
As the ARB price currently trades at $0.3616, it’s crucial to analyze its performance and identify potential resistance levels that may impact the future trajectory of the token.
Arbitrum has recently achieved a significant milestone, enabling seamless U.S. equity transactions on Gemini via blockchain infrastructure. This breakthrough is expected to lower barriers for international investors by making equity trading faster and more transparent through blockchain infrastructure. Additionally, speculation surrounding a possible partnership with Robinhood further fueled the buzz around ARB.
Regarding the price analysis, the 4-hour chart shows that ARB has broken above the key resistance at $0.3332, which has now turned into support. The asset is currently hovering near the upper Bollinger band at $0.3171. This sharp expansion in Bollinger Bands indicates rising volatility.
The Relative Strength Index (RSI) is currently reading 76.22, indicating overbought conditions that may trigger a minor pullback before another leg higher. However, the sudden surge in volume suggests buyers are still firmly in control of the narrative.
Looking ahead, immediate resistance levels appear at $0.420 and $0.450. If the bulls maintain their momentum and successfully breach these levels, it could confirm a short-term breakout trend for ARB.
On the flip side, a break below $0.3332 may expose the token to downside risk, with traders needing to be cautious of potential losses above $0.325 as a critical stop-loss level.
Source: coinpedia.org
