ARB, the cryptocurrency of Ethereum layer-two (L2) scaling Arbitrum, witnessed a sharp surge in buying pressure during Wednesday’s trading session. The bullish momentum followed the token’s recent listing on the Robinhood exchange and ease from a broader market correction. Thus, the Arbitrum price shows the potential bottom formation at $0.35 with a reversal pattern signaling further gain.
Key Highlights:
- ARB now joins XRP, Shiba Inu (SHIB), and Bonk (BONK) on Robinhood’s growing crypto offerings.
- Since late January 2025, the Arbitrum price has witnessed a dynamic resistance from a 20-day exponential moving average.
- The potential formation of double-bottom patterns set Arbitrum price for a $0.65 breakout.
Robinhood’s Arbitrum (ARB) Listing Triggers a 10% Surge
On March 5th, Wednesday, the popular trading platform Robinhood officially listed Arbitrum (ARB), triggering a sharp 10.45% price surge. The Ethereum Layer-2 governance token now joins the ranks of other popular assets like XRP, Shiba Inu (SHIB), and Bonk (BONK) on the platform.
This listing follows a positive regulatory shift for Robinhood’s crypto arm. In late February 2025, the U.S. Securities and Exchange Commission (SEC) closed its probe into Robinhood’s crypto operations without any enforcement action
Robinhood’s move aligns with the broader trend of expanding crypto service as regulatory obstructions eased under Donald Trump’s administration.
The ARB token listing on Robinhood would increase the asset’s exposure to retail investors boost liquidity, and recovery momentum.
Double-Bottom Pattern Signals a Potential ARB Breakout
The Arbitrum price has recently bounced from a February low of $0.35 to the $0.417 current trading price, registering a 20% gain in less than 48 hours. The daily chart reveals these two reversals as the potential formation of a double-bottom pattern.
This classic reversal pattern displays a ‘W’ shaped recovery and renews the bullish momentum for higher growth. The momentum indicator RSI in a recovery trend accentuates the rising buying pressure at $0.35 bottom.
If the pattern holds true, the ARB token would surge 20% to challenge the neckline resistance of $0.51. A potential breakout from this resistance will strengthen the buyer’s grip over this asset and chase the $0.675 mark.
On the contrary, if sellers continue to defend the overhead resistance of $0.51, the coin price will resume its sideways trading for this month.
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