Arbitrum (ARB) surges 5.27% as Robinhood expands blockchain equity tokens

Arbitrum (ARB) is exhibiting signs of a bullish reversal, with technical indicators aligning with growing on-chain developments. The token is currently coiling within a descending wedge pattern, a formation commonly seen as a bullish reversal indicator. The price has been compressing between horizontal support and downward resistance lines, and a breakout could occur if buying pressure and volume increase. At the time of writing, ARB trades at $0.3452, up 5.27% in the past 24 hours. The token has rebounded from a local support zone near $0.327, which now serves as a key level to watch. Resistance appears around $0.351, with traders eyeing a move past this level to confirm a breakout.

On the fundamentals side, Robinhood has taken further steps into blockchain-based equity tokens. A wallet address tied to the company recently minted 2,309 OpenAI stock tokens on the Arbitrum network. This wallet has now deployed 213 tokens, pointing to continued development or testing of tokenized equity offerings. The activity follows an earlier announcement from Robinhood regarding the launch of private stock tokens, including for OpenAI and SpaceX. Meanwhile, Arbitrum’s broader ecosystem continues to grow. The Total Value Locked (TVL) in Real World Assets (RWA) on the network has surpassed $300 million, reflecting growing trust in the Arbitrum DeFi ecosystem. Expansion under the Arbitrum Orbit initiative is ongoing, with new chain launches, AI integrations, and DAO-backed funding programs aimed at developers and campaigns. With technical setups aligning and network fundamentals strengthening, Arbitrum is positioning itself as a project to monitor closely.