Arbitrum Price Soars 61.6% in Two Weeks, Analysts Warn of Looming Correction

The Arbitrum token has seen significant gains in recent days, with its price surging by 23% over the past 24 hours. This brings its total increase from August 31st to a whopping 61.6%. The Open Interest in ARB has also risen by 30% during this time period.

The token's market capitalization has reached $904 million, marking the first time it has surpassed $900 million since January. Arbitrum reported an income of $6.2 million for the first half of the year, largely driven by strong Robinhood Chain revenue.

However, some analysts are warning that ARB may be overextended, with its RSI on the daily timeframe breaching 80 for the first time since May 10th, 2025. This could indicate a correction from current market conditions.

The support levels to watch in case of a pullback are $0.108 and $0.115. A retest of this area could provide a buying opportunity. Alternatively, a breakout past the weekly resistance zone at $0.1495 could drive the next move higher.