Arbitrum (ARB) bounces from support, forming a descending channel with potential for breakout and price increase.Breaking the upper boundary of ARB’s descending channel could push the price to key resistance levels of $0.380–$0.670.RSI at 45 signals neutral market conditions, but upward momentum could push ARB into bullish territory for a breakout.Traders should closely monitor the price levels and technical analysis of ARB to determine if a breakout or consolidation is imminent.