Arbitrum (ARB) saw a 12% price increase after being listed on Robinhood. Despite this rise, the token is still 65% below its December 2024 peak. Low selling activity on exchanges and strong accumulation by large investors could support a sustainable recovery. A bullish divergence on the chart indicates further upward potential, but resistance levels remain.
ARB Rises After Robinhood Listing
The listing of Arbitrum on the Robinhood trading platform brought new liquidity and trading opportunities for the Layer-2 token. The price jumped from $0.378 to $0.435 before stabilizing at a 12% gain. Despite this recovery, ARB remains far below its December 2024 peak of $1.20. The key question now is whether the Robinhood listing can trigger a sustainable recovery.
Large Investors Accumulate ARB
Data from Coinglass shows that around $7 million worth of ARB tokens were withdrawn from exchanges this week. Over the past three weeks, outflows have totaled approximately $20 million. This suggests reduced selling pressure in the market, which could support a recovery.
Notably, a group of large investors holding between 100 million and 1 billion ARB has been increasing their holdings. Their total ARB holdings grew from 1.96 billion to 2.06 billion—an increase of 40 million tokens within a few days. Despite some selling by smaller whales (10 million – 100 million ARB), this accumulation could strengthen ARB’s recovery prospects.
A look at the ARB/USDT chart reveals a bullish divergence: while the Relative Strength Index (RSI) is rising, the price has reached new lows. Such patterns often indicate an impending trend reversal.
However, ARB faces a key resistance level just below the $0.50 mark. This price level served as strong support at the end of 2024 but was recently broken. If ARB can sustainably surpass this area, it could be a positive signal for further recovery.
ARB’s recent price movement shows positive signs, but risks remain. Low selling activity on exchanges and accumulation by large investors point to a possible recovery. Technical analysis also indicates further upward potential. The crucial factor will be whether ARB can break through the $0.50 resistance level. Investors should closely monitor market sentiment and price developments.
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