TLDR:
- Arbitrum price has gained over 28% in the past week, nearing a key breakout level at $0.50.
- A confirmed breakout above $0.50 could signal a bullish reversal toward the $0.7747 target.
- ARB formed a double bottom around $0.4578, showing strong buyer interest at that level.
- Daily trading volume reached $592M as traders wait for confirmation of the breakout move.
The Arbitrum market has been heating up, with the token approaching a crucial technical level. Traders are now watching as the price hovers just under a potential breakout point. A move above it could change the tone of the market entirely.
Momentum has been building over the past week, and chart watchers are eyeing the next decisive step. Market data shows a price surge that’s putting bulls in a stronger position than in recent weeks.
Arbitrum Double Bottom Formation Signals Possible Trend Shift
Analysts at Bitcoinsensus noted a double bottom structure forming on Arbitrum’s daily chart. This is a pattern often linked to a reversal from bearish to bullish conditions.
The setup started when ARB fell to support near $0.4578 before bouncing higher. Price then retested this same level, holding firm before pushing upward again.
The neckline resistance sits at $0.50, where sellers have previously held the line. Breaking through it would validate the pattern and suggest that buying strength is overtaking selling pressure.
$ARB DOUBLE BOTTOM SETUP
The price of $ARB is currently testing the neckline resistance around ~$0.50.
A breakout above this level would confirm a bullish reversal, signaling a potential upward trend.
Should this bullish reversal be confirmed, we are looking at a… pic.twitter.com/xJB2pGBCDX
— Bitcoinsensus (@Bitcoinsensus) August 13, 2025
Such a move could set up a target near $0.7747, based on the measured distance from the pattern’s base to its neckline. Until that happens, traders remain cautious, waiting for price action to confirm the breakout.
Volume has been climbing as ARB approaches this threshold, showing increased participation. This uptick in trading activity could support the momentum needed for a breakout, but resistance remains stubborn.
ARB Price Action and Market Context
According to CoinGecko, ARB trades at $0.4945, up 13.18% in the past day and 28.43% in the last week. The 24-hour trading volume stands at $592,042,729, reflecting heightened interest. This rally began after a steady decline that saw prices under pressure for weeks.
The double bottom pattern emerged during that recovery, offering technical traders a clearer roadmap. If the neckline fails to break, the token could see renewed downward pressure, potentially revisiting recent support zones.
However, the bullish structure remains intact as long as the price stays above $0.4578.
The broader crypto market has shown mixed performance in recent days, making ARB’s resilience stand out. Some traders view this as a sign of underlying demand for the token, even amid broader uncertainty.
Arbitrum Price Breakout Watch and Trader Positioning
Market watchers are preparing for a decisive move. Many will only enter long positions once the breakout above $0.50 is confirmed. This approach reduces the risk of false breakouts, which can trap traders in losing positions.
If the breakout materializes, price projections point toward $0.7747, a level not seen in recent months.
Until then, the focus remains on whether bulls can gather enough strength to push past this barrier. The coming sessions could be critical in determining ARB’s short-term direction. For now, the setup is clear, but confirmation is key before momentum can truly take hold.
The post Arbitrum Price Tests $0.50: Are Bulls Ready to Push ARB Toward $0.77? appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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