Arbitrum Soars 20%, Breakout Signals Potential Gains

Arbitrum’s price has surged over the past week, gaining over 20% in just a few days. This bullish momentum is fueled by a combination of strong technical signals and increased trading activity. The asset broke out from a classic double bottom pattern, confirming a bullish reversal after retesting support at around $0.52. Analysts anticipate further upside based on the breakout’s potential to reach as high as $0.7747 if momentum holds.