Arbitrum Rockets 20%—Bullish Pattern Signals More Gains

Three Key Insights 

• ARB confirms bullish breakout from double bottom, retests neckline, and targets $0.7747 if momentum holds.
• Trading within an ascending channel, ARB holds above EMA and eyes breakout toward $0.65+.
• RSI stays above 60, and Stochastic near overbought—bullish pressure remains with caution for reversal.

Arbitrum (ARB) has gained over 20% in the past week, supported by strong technical signals and increasing trading activity. On August 15, 2025, ARB was priced at $0.5108, with a 24-hour trading volume of $1.56 billion. This comes after the asset confirmed a bullish breakout from a classic double bottom pattern and continued trading inside a rising price channel.

A chart shared by Bitcoinsensus shows ARB breaking out above the neckline of a double bottom pattern on the 1-day chart. This structure, formed by two equal lows and a resistance zone at the neckline, is often seen as a reversal setup. The breakout occurred near the $0.52 level, which is now acting as support after a successful retest.

The projected target from the breakout is $0.7747, calculated based on the height of the pattern. Price action remains constructive, with the continuation marked by higher highs and steady volume. The analyst noted: “Retest holding as support — bullish continuation likely,” pointing to further upside if the current structure holds.

Channel Structure Supporting Trend

ARB is also trading within a well-defined ascending channel on the daily chart, as noted by Alpha Crypto Signal. Price recently touched the upper channel boundary around $0.58 before pulling back to the mid-line near $0.52. The 9-day EMA is positioned at $0.485, providing additional dynamic support.

The analyst noted that if ARB maintains levels above the mid-range and EMA support, it could aim for another test of $0.60. A breakout from the upper boundary would open the path toward $0.65 or higher. If the support is lost, however, a move toward the lower channel boundary near $0.42 remains possible.

Momentum and Oscillator Readings

The Relative Strength Index (RSI) is currently at 60.56, slightly above the neutral 50 mark. This shows that bullish momentum remains in play, but there may be some slowdown in the pace of gains. The RSI is flattening, suggesting that sideways consolidation is also possible.

The Stochastic RSI presents a more cautious signal. The blue and orange lines are near 80, which is considered the overbought zone. A bearish crossover has not yet occurred, but traders are watching for one. The current values support further upside, but a reversal cannot be ruled out.

Price Levels to Watch

If bullish momentum continues, traders are watching for moves toward $0.60, $0.65, and eventually $0.7747. On the downside, $0.485 and $0.42 remain key levels to monitor. Volume spikes suggest active participation, which may continue to drive volatility and trend direction.