Arbitrum Price Surges 45%, Trading Volumes Hit Record High

Arbitrum's price surged 45% over the last 24 hours, reaching $0.1928 as trading volumes hit a record $2.38 billion.

The growth is attributed to renewed buyer interest and expanding real-world asset (RWA) adoption on the network.

Analysts believe that if Arbitrum holds above its recently reclaimed support zone of $0.1113, it may strengthen the setup for further gains.

The RSI stands at 80.11, indicating overbought conditions which could prompt consolidation in the near term.