In accordance with Coinotag, ARB price has surged over 11% in the last 24 hours, outperforming the broader crypto market’s 7% rebound. This is driven by Arbitrum’s accelerating network activity, including a 135% weekly increase in active addresses to over 2 million, a three-month high in developer activity, and a 7% monthly rise in Total Value Locked to $6.53 billion. ARB appears to be forming a double bottom pattern on the 4-hour chart, with a potential bullish reversal if it breaks above the $0.24 neckline.
ARB Price Rises 11% Amid Arbitrum's 135% Surge in Active Addresses
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