Arbitrum (ARB) Price Prediction: Can It Maintain Bullish Momentum and Surpass $1.30 Resistance?

Arbitrum [ARB] has been capturing a significant attention in the crypto market, fueled by its impressive price performance and increasing trading activity.

Arbitrum (CRYPTO: ARB) is attracting attention in the crypto market with its price performance and trading activity.

At press time, ARB is trading at $0.6947, showing an 11.29% increase over the past 24 hours. Its trading volume has also surged by 200% to $1.10 billion, indicating strong interest from market participants.

The critical question remains — can ARB sustain its bullish momentum and break past the $1.30 resistance, opening up the path for a rally to $2.42?

Rounded Bottom Hints at Potential Rally

On the weekly chart, a rounded bottom pattern is emerging, which is often considered a strong indicator of a bullish reversal.

This pattern suggests that ARB could continue its upward trajectory, provided it clears the immediate resistance at $1.30.

A decisive breakout above this level would likely attract additional buyers, propelling ARB toward its ambitious $2.42 target.

Conversely, failure to breach $1.30 could signal a potential consolidation phase.

Chart: TradingView

Arbitrum: Strengthening Momentum

Momentum indicators are further strengthening the bullish outlook for ARB.

The RSI on the daily chart is at 57.37 at press time, which, while indicating bullish momentum, leaves room for more upward movement before reaching overbought territory.

Similarly, the MACD shows a bullish crossover, with the MACD line positioned firmly above the signal line.

These metrics highlight growing market optimism and suggest that buyers are gaining control.

However, any signs of weakening could result in a short-term pullback.

Chart: TradingView

On-Chain Signals Reinforce Bullish Sentiment

On-chain signals largely support the bullish case for ARB.

The "in the money" metric is up by 1.81%, reflecting growing profitability for holders, while the 8.68% increase in large transactions indicates heightened activity from institutional investors or whales.

However, the net network growth is showing some hesitation in onboarding new participants, which could pose a challenge to sustained growth.

Additionally, the bullish concentration metric is at 0.33%, suggesting continued accumulation by long-term holders, which is a positive sign for stability.

Chart: IntoTheBlock

Will Traders Push ARB Higher?

Sentiment data is underscoring cautious optimism. The Long/Short Ratio shows that 51.43% of traders had taken long positions at press time, signaling a slight bullish tilt.

This suggests growing confidence in ARB’s ability to overcome resistance at $1.30.

Chart: Coinglass

Read Arbitrum’s (ARB) Price Prediction 2024–2025

Overall, ARB is well-positioned for further gains, supported by a rounded bottom pattern, bullish technical indicators, and mostly positive on-chain metrics.

Breaking the $1.30 resistance is critical to confirming its upward momentum. If ARB can conquer this level, the $2.42 target could become a reality in the near future.