|
Getting your Trinity Audio player ready...
|
- ARB dips to $0.52 but remains within a bullish channel.
- RSI and MACD support potential short-term gains.
- Key support at $0.52 may trigger a rise toward $0.60–$0.65.
Arbitrum (ARB) is currently trading at $0.52, down 3.03% in the last 24 hours, signaling a short-term pullback. Trading volume also dropped sharply by 30.53% to $1.02 billion, suggesting reduced market activity. Despite the daily decline, ARB recorded a 23.14% increase over the past week, highlighting its potential for further growth.
Crypto analyst Alpha Crypto Signal notes that ARB remains within a well-established upward channel. Recent movements show a retracement from $0.58 back to the midline at $0.52, indicating consolidation rather than a trend reversal.
Thoughts on #ARB:$ARB on the daily chart is trading inside a well-defined ascending channel, maintaining a steady bullish structure. Price recently tapped the channel’s upper boundary near $0.58 before pulling back to the mid-line, now hovering around $0.52.
— Alpha Crypto Signal (@alphacryptosign) August 15, 2025
If $ARB holds… pic.twitter.com/L9qaKJkJQq
Technical Indicators Support Bullish Outlook
ARB’s technical indicators remain promising. The Relative Strength Index (RSI) stands at 61.66, nearing overbought territory but still signaling room for upward movement. The Moving Average Convergence Divergence (MACD) is at 0.0280, reinforcing short-term bullish momentum. These metrics suggest ARB could continue its ascent if support levels hold.
Analysts highlight that maintaining positions above the midline and 9-day EMA could drive ARB toward $0.60. Breaking this resistance may open the path to $0.65. Conversely, falling below the midline may trigger a pullback to $0.42, potentially offering buying opportunities for swing traders.
Also Read: Arbitrum (ARB) Soars 5% After Robinhood Partnership, Experts Predict Move Toward $1
Market Volume and Open Interest Decline
Data from CoinGlass shows trading volume decreased by 28.71% to $1.78 billion, while open interest fell slightly by 1.12% to $422.08 million. The ARB OI-weighted funding rate remains low at 0.0096%, suggesting neutral market sentiment. While overall activity has slowed, the market conditions remain stable, allowing ARB to maintain its bullish setup.
Consolidation Could Precede Next Rally
Arbitrum’s recent retracement is a normal consolidation phase within its broader upward trend. Maintaining support above key levels could push ARB to test $0.60 and potentially $0.65. Traders should watch these technical indicators closely, as a dip below support may offer strategic buying opportunities. Overall, ARB shows continued bullish potential despite temporary market slowdowns.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
