Arbitrum (ARB) surged by 18%, trading around $0.36, with a 488% increase in daily trading volume.
The crypto market saw a 1.28% spike to $3.34 trillion, with most assets in the green, including Bitcoin reaching $108.4K.
Arbitrum's price moved from $0.3052 to $0.3891 due to bullish momentum, trading at $0.3615 with a market cap of $1.78 billion and a significant volume jump.
Technical signals suggest a bullish trend for ARB, with potential golden cross formation if it continues above $0.3621, while a drop could see support at $0.3604.