news 
Arbitrum (ARB) Surges 9.3% to $0.46 as Robinhood Partnership Rumors Drive Bullish Momentum
ARB price climbs 9.3% to $0.46 amid speculation about potential partnership and growing TVL, while technical indicators show bullish momentum with RSI at 60.83.
The ARB/USDT trading pair exhibits a 24-hour range between $0.42 and $0.46, with the current price testing the upper boundary of this range. Breaking above $0.49 could likely trigger additional buying interest towards the $0.51 resistance zone.
For swing traders, the current ARB price presents an attractive risk-reward scenario. The token trading above all major moving averages and displaying bullish MACD signals clearly favors buyers. However, the proximity to Bollinger Band resistance at $0.49 implies limited immediate upside before potential consolidation. Conservative traders may consider waiting for a pullback to the $0.42 support level, which coincides with the SMA 20 and middle Bollinger Band. This approach would provide a better risk-reward ratio while still capturing the bullish trend if it continues.
Aggressive traders could enter at current levels with a stop-loss below $0.41 (SMA 7) and target the $0.49-$0.51 resistance zone. This strategy offers approximately 2:1 risk-reward, assuming the Robinhood partnership rumors materialize into concrete announcements.
Long-term investors should note that ARB remains significantly below its 52-week high of $1.17, suggesting substantial upside potential if the Layer 2 scaling narrative continues gaining traction. However, a reminder of the token’s volatility and the importance of proper risk management is provided by the 52-week low of $0.26.
Conclusion
The ARB price momentum appears well-supported by both fundamental developments and technical indicators. The combination of Robinhood partnership speculation, rising TVL, and bullish signals creates an environment favorable for continued upward movement. However, traders should closely monitor the $0.49 resistance level, as a breakthrough could signal the next leg higher towards $0.51, while rejection might trigger short-term consolidation.
The next 24-48 hours will be crucial in determining whether ARB can maintain its bullish trajectory or requires a healthy pullback before resuming its upward trend.
Source: Blockchain.News
