Arbitrum traded in a narrow band on Friday as traders weighed a stronger altcoin backdrop against fresh warnings around token supply and Bitcoin dominance. On X, analyst Michaël van de Poppe said there had been “great momentum on altcoins over the past week” and added that with the VIX still low, Bitcoin showing momentum, and indices printing new highs, he “wouldn’t assume that this stops.”
For $ARB specifically, van de Poppe said that if a correction comes, and he added that he doubted it, the market would likely see a buy-the-dip formation and then continue toward $0.16. His chart showed a recovery structure with a green support box under price and a highlighted resistance zone above, implying he still sees room for continuation if the broader altcoin environment stays constructive.
Analyst Keeps Bullish View on $ARB
Van de Poppe’s setup is based on a market that has already started to rotate back into altcoins. His chart suggests $ARB is trying to build a higher base after a prolonged downtrend, with the recent rebound opening room for a push into the next resistance band.
Source: X
That view frames the current pause as consolidation, not rejection. In his words, the market may simply need a brief correction before continuing higher. The target he highlighted, $0.16, sits well above current trading levels and would require $ARB to sustain momentum from here.
However, that bullish view is not the only one in the market. Other traders are focusing less on chart structure and more on supply pressure and macro rotation inside crypto.
Vesting Activity and Bitcoin Dominance Temper the Upside Case
On X, Nazoku said Arbitrum’s vesting wallet 0xF89 has been vesting $ARB since May 2025. He said the wallet received 190 million $ARB, sent 142.5 million tokens worth about $83.2 million to Coinbase Prime at an average price of $0.584, and then received another 8 million $ARB today worth roughly $1.1 million. He added that the wallet still holds 47.5 million $ARB, worth around $6.12 million at current prices.
Nazoku said holders should keep a close eye on that wallet’s activity because it “might be preparing to sell.” That adds a supply overhang to the short-term picture, especially for a token trying to extend a rebound.
Additionally, Kryptos Opus said he sold $ARB at $0.12 and that watching Michaël draw buy zones at $0.09 was painful. He added that BTC dominance at 57.4% means altcoins are still “bouncing inside a cage” until that level breaks. That comment captures the broader hesitation around $ARB: traders may like the chart, but they are still waiting for a stronger altcoin regime.
Technicals Show $ARB Compressing Near $0.1285
That leaves $ARB in a very tight short-term range. Price is sitting almost directly between nearby support and resistance, which fits the idea of a market waiting for direction.
MACD was slightly positive, with the MACD line near 0.0001 and the histogram around flat, suggesting momentum is stabilizing but not yet expanding.
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