"ARB Surges 12% on Robinhood Listing, Bulls Gain Momentum"

Arbitrum (ARB) has surged by 12% in the past 24 hours following its listing on Robinhood, driving strong speculative interest. Its market cap has now reached $1.8 billion, while trading volume has spiked to $400 million over the same period.

Despite this price surge, technical indicators show that ARB remains in a downtrend, though buyers are beginning to take control. The Directional Movement Index (DMI) chart has shown notable shifts, with the ADX, which measures trend strength, declining slightly to 28.4 from 30.6, reflecting a weakening downtrend. However, the +DI has surged from 13.5 to 29.3, while the -DI has dropped from 37.3 to 25.2, indicating that buying momentum is increasing while selling pressure is fading.

While the recent shift in directional movement suggests a potential trend reversal if bullish momentum continues to build, ARB still needs further confirmation to fully shift into an uptrend. If +DI continues to rise and overtakes -DI, ARB could establish a bullish reversal.

Despite the recent surge in Arbitrum price following its listing on Robinhood, the number of 7-day Active Addresses on the Arbitrum chain has been steadily declining since December. Currently, this metric sits at approximately 36,400, a sharp drop from the 110,000 active addresses recorded on December 7, when ARB was priced at around $1.23.

While the listing on Robinhood has driven short-term speculative interest, the long-term sustainability of ARB’s price growth could be challenged if on-chain engagement continues to weaken. If this trend persists, it could indicate that despite the price increase, interest in using the network itself is fading, which may eventually weigh on ARB’s long-term value.

Arbitrum EMA lines indicate that the coin is still in a downtrend, as its short-term moving averages remain below the long-term ones. However, with the recent price surge following its listing on Robinhood, the short-term lines are beginning to turn upward. If this momentum continues, Arbitrum price could test resistance at $0.438. A breakout above this level could open the door for a move toward $0.466