Price Analysis View Non-AMP

Arbitrum Price Analysis: Can Robinhood’s Involvement Boost Bullish Sentiment for $ARB Price Soon?

Published by
Steve Muchoki

Arbitrum (ARB) price was the best performing top-100 altcoins by market cap in the past 24 hours. The altcoin, which is used by one of the top layer Two (L2) networks for Ethereum (ETH), gained over 6 percent in the past 24 hours to trade about $0.3412 on Monday, June 30, during the mid-North American session.

Consequently, the mid-cap altcoin, with a fully diluted valuation of about $2.4 billion and a 24-hour average traded volume of around $109 million, has gained over 20 percent in the past seven days.

Why Arbitrum Price Outperformed Other Altcoins Today

Arbitrum price recorded higher gains on Monday than the rest of the top altcoin largely due to the much needed support from Robinhood Markets Inc. (NASDAQ: HOOD). On Monday, Robinhood confirmed that it is currently building its blockchain on top of the Arbitrum network.

Robinhood enjoys a strong community of more than 14 million retail investors, especially in North America. Following the announcement of a new web3 product developed on Arbitrum, HOOD shares gained over 12 percent on Monday to trade about $93.28 at the time of this writing.

Midterm Expectations for ARB Price?

In the weekly timeframe, ARB price has been trapped in a falling trend, which is characterized by lower lows and lower highs. However, ARB price has established a robust support level around $0.2673, especially after rebounding twice year-to-date.

A similar outlook has been observed in the daily timeframe, whereby ARB price has already broken out of a macro falling trend and has been retesting.  With the daily MACD line almost crossing the Signal line, amid the bullish divergence of the Relative Strength Index (RSI), ARB price is well positioned to rally beyond 47 cents in the near term and establish a macro rising trend.

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Recent Posts

Why is the Crypto Market Down Today? Total Long Liquidations Tops $1.1B

The total crypto market cap dropped over 4.2% on Thursday to hover about $3.8 trillion…

September 26, 2025

XRP Faces Volatility, While Ozak AI Presale Continues Steady Progress Among Supporters

The volatile cryptocurrency market has been witnessing a great deal of volatility in XRP in…

September 25, 2025

Aster’s 7,000% Surge Sparks Buzz, but Investors Eye Safer Presales

A Token That Exploded Overnight The crypto world was shaken when Aster (ASTER) skyrocketed nearly…

September 25, 2025

3 Meme Coins That Could Explode 15,000%: One Dogecoin Challenger Could Do It By Year End

The hunt for the next meme rocket is back on, with Telegram rooms, X Spaces,…

September 25, 2025

XRP Whales Move $800M — Why Retail Investors Are Fleeing to Fair Presales

Whale Moves Badly Shake Confidence in XRP The crypto market was once again reminded of…

September 25, 2025

Top 3 Meme Coins to Flip $550 into $11,000 as Investors Look Beyond Dogecoin’s Latest Pump

Dogecoin (DOGE) may still dominate headlines, but its size makes it increasingly difficult for investors…

September 25, 2025