ARB price soars 11.76% in a day, triggers fresh market interest.

After drawing headlines for launching the Arbitrum Foundation's first $1 million DeFi grant program and enabling FDUSD stablecoin on its network.

Arbitrum’s L2 chain has seen a strong start to the week, with ARB price gaining 11.76% in the past 24 hours. The token is now trading at $0.417, with a 24-low at $0.3635 and a 24-high at $0.417.

This rally follows the introduction of Arbitrum Foundation’s first $1 million DeFi grant program and the integration of FDUSD stablecoin on the Arbitrum network.

Arbitrum (ARB) Price Analysis:

On the daily chart, ARB has shown a clear breakout above its 9-day SMA, at $0.3616, which is now acting as support. The price is trading at $0.4073, below the intraday high at $0.417, while maintaining a healthy gap from its 24-hour low of $0.3635.

The RSI at 58.33 is nearing the overbought territory, while not extreme, it does signal a short term correction.

If ARB breaks above its immediate resistance at $0.48, then $0.51 could be on the horizon. Breaking past these would concretise the bullish reversal from its multi-month downtrend. Conversely, failure to hold above $0.36 could see prices sliding back into consolidation, or worse, a retracement.

That being said, despite trading ~83% below its all-time high of $2.40, the recent rally has instilled bullish hopes. The long lower wicks on recent candles suggest strong buying demand at dips, which is again a classic bullish indicator.

Read our Arbitrum (ARB) Price Prediction 2025, 2026-2030 to learn where ARB is heading in the long run!

FAQs

While the breakout is promising, the RSI nearing overbought territory suggests caution. Look for a dip near $0.36 for a better risk-reward entry.

If momentum continues, ARB could test $0.48, and possibly $0.51. A clean break above that could open room toward $0.60.

Besides technical momentum, ARB is riding on positive ecosystem news, including DeFi grant initiatives and stablecoin integration, both boosting investor confidence.