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6d ago

Arbitrum Nears Breakout Level as Network Activity Surges

Improving on-chain metrics frame the setup, with confirmation still dependent on a decisive break above $0.48.

3 reasons why Arbitrum’s $4B TVL can fuel a 30% breakout
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Overview

  • ARB trades near $0.45 as chartists watch the $0.475–$0.48 resistance; a sustained move above that zone would bolster a breakout case.
  • Brave New Coin reports record throughput near 6 million daily transactions and notes Arbitrum led bridged net flows over the past day.
  • DeFiLlama data show TVL climbing from roughly $3.13 billion in September to about $4.12 billion, alongside higher DEX volume and a larger stablecoin base.
  • Technical structure features higher lows and a falling-wedge setup, but momentum remains mixed with a red Supertrend and ADX around 21.
  • Analysts outline near-term targets around $0.51–$0.60 on confirmation, with some projecting $0.70–$0.80 over time, and positioning data show longs outweighing shorts at key levels.