Arbitrum gains 10% as volume spikes – Can ARB break supply zone?

Arbitrum gained momentum as price and activity increased over the past 24 hours. The token, ARB, rose 10%, supported by a sharp rise in market participation. Trading Volume climbed 40%, crossing $100 million. That expansion suggested growing demand rather than fading interest. However, the Stochastic RSI signaled caution near current levels. Is volume driving ARB’s rally? Trading activity surged alongside price, strengthening the current move. The rise in Trading Volume indicated fresh participation rather than short-lived speculation. That move aligned with sustained buying pressure, which kept momentum intact despite early signs of exhaustion. Can ARB clear its supply zone? Arbitrum [ARB] tested a key supply zone near $0.1031 on the daily chart. The move followed a strong rally after clearing liquidity clusters during the previous downtrend phase. Even so, the structure still favored buyers at press time. However, the Stochastic RSI suggested the rally approached an exhaustion phase. The RSI remained in an oversold region, indicating a potential cooldown. This left price consolidating near resistance while the market absorbed recent gains. Whale accumulation supports the trend On-chain data showed continued accumulation by large holders at current levels. This behavior reduced circulating supply and supported the ongoing trend. On top of that, derivatives data confirmed bullish positioning. The Long/Short Ratio stood at 1.6, at press time, showing longs outweighed shorts. That alignment suggested traders leaned toward continuation rather than reversal. What is ahead for ARB? The structure remained constructive as long as buying pressure held. Sustained momentum depended on strong Trading Volume and continued accumulation. A successful break above the supply zone could open the path toward $1.1. Failure to sustain demand may lead to consolidation before the next move. Final Summary ARB’s price rise is backed by strong volume growth, showing real market participation rather than a weak bounce. The token is now testing a key supply zone, which will decide whether the rally continues or stalls.