Arbitrum (ARB) Shatters Six-Month Stalemate: Is $1.20 the Next Bullish Target?

Arbitrum just ripped through a half-year consolidation—traders are now eyeing a potential surge to $1.20. Here’s why the Layer 2 breakout has jaws dropping.

The Range Break Heard ‘Round Crypto

No more sideways purgatory. ARB’s decisive close above its six-month resistance flipped the script—technical analysts are now scrambling to adjust their charts.

Liquidity Hunters Circle

With shorts caught off-guard, the path to $1.20 looks increasingly plausible. Of course, this being crypto, ‘plausible’ means ‘50/50 shot after three fakeouts.’

Greed vs. Gravity

While the breakout smells like opportunity, remember: even the slickest Layer 2 can’t repeal the law of ‘buy the rumor, sell the news.’ Proceed—but maybe keep one finger on the sell button.

• Arbitrum (ARB) breaks the six-month consolidation range, signaling the potential start of a new uptrend.
• Weekly performance remains strong with a 24.92% gain, signaling bullish resilience despite short-term volatility.
• Analysts set the first bullish target at $0.95–$1.00 with extended goals between $1.15 and $1.20.

Arbitrum (ARB) is moving under bearish pressure and experiencing a decline in its price, in line with the overall market. The market trend has turned bearish as Bitcoin is pulling back after touching its new all-time high. However, some experts are expecting a bullish reversal for ARB, which will lead to a maximum profit zone around $1.20.

At the time of writing, ARB is trading at $0.5152, with a 24-hour trading volume of $1.26 billion and a market capitalization of $2.65 billion. The ARB price over the last 24 hours is down by 7.41%, but over the last week it is up by 24.92%.

Source: CoinMarketCap

Arbitrum Breakout Signals Potential Push Toward $1.20

Moreover, the crypto analyst highlighted that after spending the first half of the year in a narrow trading range, Arbitrum’s native currency, ARB, has ultimately emerged, sparking hope for traders that this is possibly the beginning of a new uptrend.

For the past six months, ARB has been consolidating in a horizontal band with subdued price activity and evaporating volatility. The accumulation of this nature indicated the presence of balanced buyers and sellers, each poised for a spark to swing the pendulum in their favor. 

That time may have come, as ARB broke above the top of its range, raising the expectation of new bullish penetration.

Technical analysts point out that the breakout may lay the groundwork for a sustained advance if the buying pressure keeps up. The initial upside target now falls in the $0.95 to $1.00 range, where initial resistance is anticipated by traders. 

A breach of the zone could see the next significant goal come in the form of $1.15 to $1.20 levels, where profit-takers could MOVE in, but the momentum could gather traction if the overall sense in the market remains constructive.

Source: X

This is during a period when the general altcoin market has indicated signs of recovery. Market observers will closely monitor volume in order to validate the strength of the breakout. If the bull scenario materializes, this may signal the beginning of Arbitrum’s biggest surge in months.