Arbitrum (ARB) has experienced a surge in price and trading volume following its listing on Robinhood. However, technical indicators still show that ARB is in a downtrend, despite buyers beginning to take control. The recent shift in directional movement suggests a potential trend reversal if bullish momentum continues. On the other hand, the number of active addresses on the Arbitrum chain has been steadily declining since December, raising concerns about the long-term sustainability of ARB's price growth. While the short-term moving averages are starting to turn upward, ARB still needs to maintain strong buying pressure to sustain its uptrend and avoid a resumption of the downtrend.



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