Arbitrum Trades Sideways Ahead of Potential Breakout: ‘ARBVEMBER’ Momentum

Arbitrum (ARB) continues to trade sideways in a tight range near crucial support. This pattern hints at an upcoming breakout, particularly as November trading sessions approach. Increased market participation and cautious optimism from layer 2 investors are reflected in the 7.1% surge in trading volume. Community sentiment is strongly bullish, with 78% of participants expecting a rise in price following extended compression. This suggests a shift toward anticipation for an upward trend, although a decisive move remains pending.