Arbitrum Price Surges as Robinhood Chain Fueled Rally Approaches Key Resistance

Arbitrum's price has rebounded sharply from its multi-month lows, breaking above the rising trendline and approaching its first major resistance at $0.12.

The token has gained significant strength, rising by more than 30% in the past 24 hours to reach $0.11.

One of the key catalysts behind this rally is the growing activity on Robinhood Chain, which is built using Arbitrum Orbit technology.

The chain recently recorded a sharp increase in transactions, DEX activity and network revenue, generating more than $1M in fees in the past 24 hours.