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cryptonews 2025-06-03 18:13:14

Arbitrum TVL Now Double Polygon’s – Is ARB’s 70% Rally Next?

Arbitrum ($ARB) rockets 9% today, leaving rival Ethereum L2s in the dust as buyers rush to recover from May’s 16% collapse. The token, now trading at $0.37, has pumped by 50% since bottoming at $0.242 in April. The rally puts $ARB at an inflection point—either powering through resistance or facing another rejection in the hyper-competitive L2 arena. Uniswap and Aave Choose Arbitrum—Is $ARB the Next L2 Leader? With Ethereum also showing positive momentum, many traders anticipate that layer-2 solutions will once again dominate the narrative, potentially driving a substantial $ARB surge in the coming weeks. Several factors underpin the widespread belief that $ARB could see a major pump: Firstly, Arbitrum has recently surpassed $2.5 billion in total value locked (TVL), with a consistent average daily DEX volume of approximately $200 million. Arbitrum TVL/ Source: DefilLama In addition, leading Ethereum protocols such as Uniswap (DEX) and Aave (lending platform) have established Arbitrum as a primary hub for DeFi activities, with a large portion of their transactions routed via the Arbitrum bridge. According to KaitoAI data, Arbitrum commands over 26% mindshare among layer-2 protocols, far ahead of competitors like Abstract (10%) and Base (8%). Among L2s, @arbitrum now holds a strong lead in mindshare: Arbitrum: 26% Abstract: 10% Base: 8% Sentiment is also at a 12-month high. Data via @KaitoAI pic.twitter.com/xjh89KHuQE — Marcin at Arbitrum (@MarcinPress) May 28, 2025 In comparison to Polygon and Aptos, which maintain an average TVL of around $1.1 billion , Arbitrum’s TVL is more than double, yet its market valuation remains comparatively lower. Currently, Arbitrum’s market capitalization stands at approximately $1.8 billion, while Polygon and Aptos are valued at $2.2 billion and $3.15 billion, respectively. This gap between price and utility has fueled the conviction that Arbitrum is due for a sustained upward trend. Crypto Analysts Predict $ARB at $3—Can This Cycle Deliver? On May 29, prominent crypto indicator account @VipRoseTr shared an $ARB chart showing a double-bottom formation, projecting potential price targets of $1.6, then $2.2, with a peak at $3 during this cycle. $ARB Next Target 3$ #ARB ZON LONG : 1) 0.36$ 2) 0.32$ Target : 1) 1.6$ 2) 2.2$ 3) 3$ ST : 0.3$ pic.twitter.com/8TQ7c5f0eV — Rose Premium Signals (@VipRoseTr) May 29, 2025 Another trader stated that “$ARB looks promising. Anticipating a huge breakout with a 30% to 45% bullish rally in the short term.” While price action remains somewhat subdued, the Arbitrum Foundation continues to enhance the network’s utility. Recently, Bando, a crypto checkout application, launched on Arbitrum, allowing users to pay for services such as Uber, Amazon, subscriptions, and gift cards using crypto, with near-instant transactions through the layer-2 network. Paying for goods just got easier! Buy gift cards with crypto in seconds on @BandoCool Arbitrum is taking payments Everywhere https://t.co/7GXDoFSMoK — Arbitrum (@arbitrum) May 29, 2025 Data from Dune Analytics also shows that Arbitrum is more than just a platform for DeFi, payments, and gaming; it has attracted institutional interest, with over $260 million in real-world assets (RWAs) tokenized on Arbitrum to date. Key Support Holds as $ARB Trades Within Symmetrical Triangle Pattern Technically, the $ARB/USDT pair is trading near $0.3690, having rebounded off a key support trendline around $0.30 that has held since early April. The price action forms a symmetrical triangle pattern, characterized by a descending upper trendline and an ascending lower trendline, converging toward a breakout point. Source: TradingView This pattern often indicates a continuation of the prevailing trend—in this case, bullish—provided that upward momentum resumes. The MACD indicator suggests a potential bullish crossover as the blue MACD line curls upward toward the orange indicator line, implying bearish momentum may be diminishing and a reversal could be imminent. A break above the upper resistance zone, particularly between $0.4396 and $0.4785, would confirm a breakout. If this breakout unfolds, the next resistance target could be around $0.6552, representing roughly a 73% upside from current levels. Conversely, failure to maintain support above the lower trendline could see $ARB retracing toward the $0.30 to $0.25 support range. The post Arbitrum TVL Now Double Polygon’s – Is ARB’s 70% Rally Next? appeared first on Cryptonews .

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