ARB Price Surges as Buyers Regain Momentum on Arbitrum

Arbitrum's ARB price has begun to move upward after buyers regained momentum in the market. The current trading price of $0.09516 with a 24-hour trading volume of $130.07 million and a market capitalization of $635.85 million points to a bullish reversal ahead.

According to Crypto With Gopal, ARB has formed a classic double bottom technical structure, signaling a potential trend reversal. The buyers successfully defended the crucial $0.07 support floor twice, establishing a firm base against persistent sell pressure.

The first objective for the ARB price remains at the neckline resistance at $0.10. Any clear breakout and closing above that level on a daily basis will confirm the chart pattern, paving the way for the major target area of $0.13 to $0.14.