Arbitrum (ARB) Breaks Multi-Month Bearish Trend, Hits $0.43 High

Arbitrum (ARB) has recently broken out of a prolonged downward trend, marking a significant shift in its technical structure. The asset reached a high near $0.43, with the $0.41 level now acting as support after previously serving as resistance. This breakout occurred above a descending trendline that had been in place since early February, following repeated retests of the lower green support zone around the $0.26–$0.28 range.

The breakout above the red descending trendline ended a multi-month bearish sequence, opening the way for a bullish chart structure. The next resistance areas are set at $0.50 and $0.67. The broader chart also shows a green demand zone where the price rebounded several times. Following the breakout, momentum turned upward with a curved ascending projection mapped toward the $1.23 mark, which is the upper resistance of the chart and the final level of interest on the plotted Fibonacci projection.

After reaching a high of $0.43, ARB pulled back slightly, with the $0.39–$0.41 range now being monitored as the main retest zone. If confirmed, this area could provide near-term support for further price consolidation. However, current price activity shows some hesitation near this level. Notably, trading volume dropped by 37% in the last 24 hours, now standing at $347.64 million. This reduction in volume may suggest a cooling off period following the initial breakout.

Despite the bullish setup, ARB’s market capitalization recorded a 2.68% drop, now standing at approximately $2 billion. This move occurred in line with the daily price decrease, which may indicate mild profit-taking or reactive selling near resistance. However, the structure remains above the former downtrend, with the market within an established range and $0.41 as a potential pivot level moving forward.