Arbitrum Price Surge Ahead? How Robinhood’s Move Could Ignite $ARB’s Bull Run
Robinhood jumps into Arbitrum—will retail traders finally wake up to $ARB’s potential?
Layer-2 scaling solutions have been crypto’s quiet achievers, but Arbitrum’s latest partnership might just shatter the silence. With Robinhood now backing $ARB, the token’s price action could get the adrenaline shot it needs.
Why Robinhood’s nod matters
Retail investors treat Robinhood like gospel—right until the next shiny object distracts them. But for now, the platform’s embrace gives Arbitrum something priceless: mainstream visibility. No more explaining what ‘optimistic rollups’ mean at cocktail parties.
The cynical take
Let’s be real—most Robinhood users still think ‘gas fees’ refer to their last road trip. But hey, since when did understanding tech precede a good old-fashioned FOMO rally?
Bottom line: If this doesn’t move $ARB’s needle, maybe the bulls should start questioning their life choices.
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.
You didn’t think we’d just announce new products, did you?
The Robinhood Chain is currently being built on @arbitrum to power the future of asset ownership.#RobinhoodPresents https://t.co/g2tVe85G4W pic.twitter.com/zwpt4uV1zP
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.
