Arbitrum May Sustain Rally After Ten-Day Breakout, Short-Term Retracement Toward $0.56 Possible

  • ARB rose 14.2% in 24 hours and 20.2% weekly, with $3B market cap and a 222% daily volume jump.

  • Range cleared from $0.572; likely retracement target near $0.56 before continuation.

  • Momentum indicators (MFI 74, CMF inflow) and short-liquidation dynamics support bullish conviction.

Arbitrum breakout: ARB price surge after clearing a ten-day range; check targets and trade guidance — read tactical analysis now.

What caused the Arbitrum breakout and will ARB trend higher?

Arbitrum breakout occurred after ARB cleared a ten-day consolidation range, driven by concentrated buying and a 222% increase in daily trading volume (CoinMarketCap data). The breakout shows bullish structure; a mild retracement to $0.56 is probable, but sustained momentum could push ARB higher if bulls hold gains.

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Price action: ARB rose 14.2% in 24 hours and 20.2% over the week, outperforming Bitcoin’s 1.5% weekly pullback. Market cap: roughly $3 billion. Volume: daily trading volume surged ~222% (CoinMarketCap). These metrics show strong participation.

Momentum: Money Flow Index (MFI) reads ~74, indicating strong buying pressure. The Chaikin Money Flow (CMF) shows recent capital inflows. Short-liquidation clusters around $0.53 accelerated the move, pushing price to $0.607.


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Source: https://en.coinotag.com/arbitrum-may-sustain-rally-after-ten-day-breakout-short-term-retracement-toward-0-56-possible/