Arbitrum price: ARB eyes breakout as volume spikes

Arbitrum (ARB) price has traded higher in the past 24 hours, with its volume rising more than 74% as top Ethereum and layer-2 protocols post decent gains.

The ARB token was up nearly 6% and hovered near $0.43 as altcoins looked to bounce amid a slowdown for Bitcoin despite broader risk-on sentiment driven by latest tariff news.

Why is the ARB price up today?

As noted, the Arbitrum token’s price was holding steady near $0.43, and lined up a nearly 6% spike in 24 hours.

While its gains over the period lagged outperformers such as Merlin Chain (MERL) and Toncoin (TON), Arbitrum is attracting attention for what’s possible if bulls break out.

With gains of over 24% this past 30 days, ARB is eyeing a leg up. Coinglass data shows open interest up 31% to over $248 million and derivatives volume +107% to over $529 million. 

Per CoinMarketCap, the daily volume across exchanges sits at over $338 million, up 74% in the past 24 hours.

These spikes come amid potential buyside pressure fueled by initiatives like Kaito’s 400k ARB rewards program.

Ethereum’s Pectra upgrade, activated in early May 2025, has also helped sentiment, with multiple layer-2 tokens rising amid surge in transaction volume and total value locked. 

As Ethereum broke above $2,700 amid treasury strategy news, altcoins like ARB, Ethereum Name Service and Lido DAO rose.

The stock market’s ripping after a trade court blocked President Donald Trump’s tariffs also saw risk-on sentiment cascade into alts.

“The ruling, by the U.S. Court of International Trade, delivered a setback to Mr. Trump, undercutting his primary leverage as he looks to pressure other nations into striking trade deals more beneficial to the United States,” SkyBrigde Capital founder Anthony Scaramucci pointed out.

As stocks get a short-term pump amid this development, assets such as cryptocurrencies could follow.

Arbitrum price: Is ARB going to $1 next?

From a technical perspective, ARB  looks poised for a potential breakout. 

The Relative Strength Index (RSI) on the 4-hour chart has climbed above 58.

However, it remains below the overbought territory to suggest plenty of room for bulls to run.

The uptrend from the oversold territory allows for this outlook. 

Also signalling bullish momentum is the Moving Average Convergence Divergence (MACD).

The indicator shows a bullish crossover, which often suggests strengthening of uptrend movement.

Meanwhile, the Arbitrum price on the 4h chart sports a symmetrical triangle breakout.

Price is currently retesting the resistance line. If there’s a successful bounce from this level, it could bring price targets of $0.50 and potentially allow bulls to go for $1.

However, a drop below the $0.41 might see buyers attempt to regroup at support levels around $0.35 and then $0.30.

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