Arbitrum (ARB) has emerged as a top-performing altcoin in the last 24 hours. The cryptocurrency has shown significant growth amid support news from Robinhood.
Reasons for Arbitrum’s Price Surge
Arbitrum’s price increased by over 6% in the past 24 hours, reaching approximately $0.3412. The main driver behind this surge was Robinhood’s announcement of building a blockchain on the Arbitrum platform. The company, boasting over 14 million retail investors in North America, provided much-needed support.
Arbitrum Price Forecast
While ARB's price is still within a downward trend, it has established a strong support level around $0.2673. Over the last week, the price has increased by over 20%. Current charts indicate potential for a rally that could push the price above 47 cents in the near term.
Conclusion and Future Expectations
The overall state of ARB shows potential for further growth, particularly following the recent positive news. Investors will be closely monitoring these indicators to assess future price growth prospects.
Arbitrum (ARB) continues to deliver strong performance amid support from Robinhood. Investors are anticipating further growth based on current trends.
