Arbitrum Jumps 12% After Robinhood Listing | Airdrop Alert Pro

arbitrator (ARB) soared more than 12% in the last 24 hours after its listing, raising strong speculative interest. Now, its market value has reached US$1.8 billion, and trading volume has reached US$400 million during the same period.

Despite the surge in prices, technical indicators show that ARB is still on a downward trend despite buyers starting to control ARB.

ARB DMI chart shows that buyers are now controlling

After the Robini list surroundthe directional motion index (DMI) chart for arbitration shows significant changes.

ADX, which measures trend strength, dropped slightly from 30.6 to 28.4, reflecting a downtrend trend. However, +DI rose from 13.5 to 29.3, while -DI fell from 37.3 to 25.2. This shows Purchasing momentum is increasing Sales pressure is gradually disappearing.

Despite these improvements, ARB is still on a downward trend. However, the recent shift in directional movement suggests that if bullish momentum continues to be established, the underlying trend will reverse.

this Average Direction Index (ADX) is a technical indicator This measures the strength of the trend regardless of direction. The above reading 25 indicates a strong trend, while values ​​below 20 indicate weaker or uncertain market conditions.

ADX is currently at 28.4, and the trend for ARB is still clearly defined, but the decline in value indicates that the downward trend is losing power.

Rising +DI and Whereabouts -DI indicates that buyers are starting to control, but ARB still needs further confirmation to move completely into the uptrend. If +di continues to rise and surpass -di, ARB can establish bullish reversals.

Arbitration Daily Activity Address Continues to Decline

Although the recent arbitration prices have been increasing since December, the number of 7-day active addresses on the arbitration chain has been steadily declining since December.

Currently, the metric position is about 36,400, a sharp drop from the 110,000 active addresses recorded on December 7, when the ARB priced at about $1.23.

and About Robin’s listing It has driven short-term speculative interest, which is long-term sustainability ARB price growth could be challenged If the link interaction continues to weaken.

Tracking the number of active addresses is crucial because it reflects user participation and adoption of blockchain networks. A growing number of active addresses often indicate higher usage, stronger demand for network services, and more community engagement.

However, the decline in arbitration activity has raised concerns about whether the recent price rallies are driven by real adoption or simply by real adoption or simply selling Robiling’s list.

If this trend persists, it can be shown that despite the price increase, interest in using the network itself is gradually disappearing. This may end up being heavy The long-term value of ARB.

Arbitration (q) March crypto price forecast

The arbitration EMA line shows that the coin is still in a downward trend as its short-term moving average remains below the long-term.

However, with the recent surge in prices since Robin’s listing, the short-term lines began to turn upward.

If this momentum continues Arbitration Price Resistance can be tested for $0.438. Breakthroughs above this level can open the door to $0.466 or even $0.51.

The key to ARB is whether buying pressure is sufficient to maintain this uptrend, potentially reversing its previous downtrend.

On the other hand, if ARB cannot maintain its bullish momentum, the downward trend can recover. This could result in a retest of the $0.38 support level.

A failure below the area will indicate a weakness and may reduce the price to $0.349. If this level is lost, ARB will drop below $0.35 for the first time, further enhancing bearish sentiment.