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The Arbitrum price plummeted 7% in the last 24 hours, trading at $0.3320 as of 12:17 a.m. EST, with a 1% drop in trading volume to $678 million.
This drop in the ARB price comes despite Robinhood announcing on Monday that it has launched 200 tokens on the layer-2 Arbitrum blockchain, which will enable European customers to trade 200 US-listed stocks and ETFs 24 hours a day, five days per week.
Arbitrum Price Shows Signs Of A Reversal
The ARB price has been in a prolonged downtrend since late 2023, trading within a well-defined falling wedge pattern on the 3-day chart.
The recent Arbitrum price action has respected the wedge boundaries, with a potential breakout attempt appearing at point D. However, the price is currently testing the wedge resistance near $0.33.
Meanwhile, the 50 Simple Moving Average (SMA), currently at $0.365, remains above the price of ARB, acting as near-term resistance. The 200 SMA at $0.881 is significantly above current levels, underscoring the longer-term bearish structure that remains in place.
Moreover, the Relative Strength Index (RSI) stands at 47.33, just below the neutral 50 mark, indicating bearish-to-neutral momentum.
The Arbitrum price appears poised for a potential bullish breakout if it can close convincingly above the $0.365 resistance level. A breakout could initiate a move toward the $0.60 range.
However, failure to break out soon may result in a retest of the lower wedge boundary near $0.25.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 10X after launch.
Bitcoin Hyper Presale Races Towards The $2 Million Milestone
The Bitcoin blockchain offers strong security and widespread trust, but its slow transactions, high fees, and limited support for smart contracts fall short of what traders need in 2025. Bitcoin Hyper claims to have solved this problem
Bitcoin Hyper enhances the Bitcoin experience by introducing high-speed capabilities through a layer-2 solution built on top of Bitcoin’s leading network. It preserves Bitcoin’s trusted security while making transactions faster and more affordable.
Liftoff with $HYPER. 🚀
These staking rewards are out of this WORLD. ⚡️https://t.co/VNG0P4FWNQ pic.twitter.com/guNnRhFkuO
— Bitcoin Hyper (@BTC_Hyper2) June 3, 2025
In addition to that, the project functions on a decentralized Canonical Bridge, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
So far, investors have poured more than $1.8 million into its ongoing presale, which demonstrates strong investor interest.
Investors who buy and stake now could also unlock a 436% APY; however, this rate decreases as more people join, so timing is crucial.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.0121 each using crypto or a bank card.
Buy before the next price increase in slightly more than 1 day.
Visit the Bitcoin Hyper website.
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