Arbitrum One’s ARB token surged approximately 11% in 24 hours, ranking as the third-best performer among top-100 cryptocurrencies by market cap. The breakout from a key demand zone at $0.0955, supported by a 17% jump in daily trading volume to $176 million, prompted analyst predictions of further gains. Concurrently, network activity on the Arbitrum One chain showed significant growth, with monthly token trading volume rising 21% to $3.40 billion and active addresses increasing 53% to 4.1 million.
The Arbitrum One network’s native token, ARB, experienced a notable price surge and increased network activity. ARB’s price increased by about 11% in a single day, making it the third-best performer among the top 100 cryptocurrencies.
This movement followed a breakout from a demand zone at $0.0955, as identified by technical indicators. The MACD indicator showed bullish strength over five days, while the RSI reading of 33.83 suggested seller exhaustion.
Market analyst CryptoBull predicted a price target between 30% and 40% from the breakout level, around $0.145. Another technical indicator identified a supply zone approximately 133% away, near $0.22.
On-chain data revealed substantial growth in the network’s fundamental metrics. Monthly token trading volume on Arbitrum One reached $3.40 billion, a 21% increase.
Network revenue and fees also rose by 28% to $1.2 million for the month. Active addresses on the chain grew by 53%, hitting 4.1 million.
Daily transaction counts remained robust, averaging above 3 million. Over seven days, transactions totaled 30.9 million, accounting for 14.6% of all Ethereum Layer 2 network activity.
Among Ethereum Layer 2 networks, Arbitrum One maintained a dominant position, second only to Base Chain. The combination of strong technical signals and thriving network activity formed the backdrop for ARB’s recent price action.
