The post ARB Price May Form Double Bottom Amid Surging Network Activity appeared on BitcoinEthereumNews.com.

ARB price has surged over 11% in the last 24 hours, outperforming the broader crypto market’s 7% rebound, driven by Arbitrum’s accelerating network activity and a potential double bottom formation on the charts. Arbitrum One’s active addresses hit 2 million, up 135% weekly, leading EVM chains in growth. Developer activity reached a three-month peak, boosting dApp volumes across the network. Total Value Locked rose 7% this month to $6.53 billion, while perps and DEX volumes held steady at $639 million and $607 million. Discover why ARB price is rallying amid Arbitrum’s booming network metrics. Explore key indicators, TVL trends, and what it means for Ethereum Layer 2 solutions. Stay informed on crypto developments. Is ARB price forming a bottom? ARB price appears to be establishing a double bottom pattern on the 4-hour chart following recent declines, with bulls driving it from $0.19 to $0.24. A decisive break above the $0.24 neckline could signal a bullish reversal, supported by improving momentum indicators rising to 0.0292 from negative levels. However, sustained capital inflows are needed, as the Chaikin Money Flow remains at -0.16, indicating bulls have not yet fully dominated. How is network activity influencing ARB price trends? Arbitrum One has demonstrated robust growth among EVM-compatible chains, with active addresses surpassing 2 million—a 135% increase over the past week, as reported by Nansen. This surge underscores heightened user engagement on the platform. Developer activity has also climbed to a three-month high, correlating with a spike in dApp volumes; over 900 decentralized applications, including major protocols like Uniswap, collectively generated $1.20 billion in daily trading volume. These metrics suggest strong fundamentals bolstering ARB price potential, though sustained demand is crucial for breaking resistance levels. Source: TradingView If ARB price successfully breaches the $0.24 resistance, it could target the $0.311 level, aligned with positive…

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Filed under: News - @ December 4, 2025 7:25 am