Arbitrum's ARB token saw a 12% increase after being listed on Robinhood, attracting new traders and injecting fresh liquidity. The price briefly surged 15% but still remains 65% below its December high. On-chain data shows that large holders of ARB tokens are accumulating more, with $20 million worth leaving exchanges in the past three weeks. This suggests a decline in sell pressure, potentially leading to a price rise. However, smaller holders have been taking profits, creating mixed signals. Technical indicators support a potential price reversal, with a bullish divergence forming and the Relative Strength Index climbing. The major hurdle for ARB is resistance below $0.50, and a breakout above this level could confirm a bullish trend. Overall market sentiment and volume levels will play a key role in determining ARB's next move.



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