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Crypto Expert Reveals New Arbitrum (ARB) Price Targets After Long-Awaited Breakout
Arbitrum price has finally done it. After spending more than six months stuck in the same tight range, the price has broken out, and traders are paying attention.
Analyst Michaël van de Poppe shared on X (formerly Twitter) that ARB has now cleared its consolidation range. In his view, this move could be the start of a new uptrend, with the next big targets sitting between $0.95–$1.00 and then $1.15–$1.20.
Looking at the ARB chart, you can see why this breakout matters. Since February, ARB price has been bouncing between support around $0.40–$0.45 and resistance just below $0.55. Each attempt to move higher failed, pushing the price back down into that range.
Image Source: X/MichaëlvandePoppe
This week’s rally finally pushed ARB through that ceiling. The price even managed to retest the breakout zone and hold above it, a strong sign that buyers are in control. On the daily timeframe, volume has also picked up, confirming that this move isn’t just a quiet drift higher.
Why This Breakout Matters For Arbitrum
Breaking out of a long range often signals a shift in market sentiment. For ARB price, this range had been acting like a lid, keeping price growth in check for months. Now that it’s been removed, there’s more room for the market to stretch its legs.
Read Also: Kaspa (KAS) Price Prediction for Today (August 14)
The next challenge is the $0.95–$1.00 area. This is both a psychological level and a zone where ARB traded heavily before breaking down earlier in the year
If the bulls can get through it, the $1.15–$1.20 range comes into play, which would mark a substantial recovery from this year’s lows.
What’s Next For ARB Price?
If momentum persists, the Arbitrum price could continue to climb in the short term. But traders will also be watching for a possible retest of the breakout zone around $0.50–$0.55. As long as that level holds as support, the breakout setup remains intact.
At writing, the trend appears bullish, and after a half-year of stagnation, ARB holders finally have a reason to be excited again.
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