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The Arbitrum price soared 16% in the last 24 hours, trading at $0.3601 as of 12:16 a.m. EST, with trading volume that skyrocketed 485% to $679 million.
The surge comes amid speculation of a partnership between the Ethereum layer-2 blockchain, Arbitrum, and US-based trading platform Robinhood Markets Inc.
According to a post by Robinhood, Ethereum co-founder Vitalik Buterin, Robinhood Crypto general manager Johann Kerbat, and A.J. Warner, the chief strategy officer at Offchain Labs, will come together for a fireside chat on Monday.
Vitalik’s in town.
Join us in Cannes for a fireside chat with our crypto GM, @JohannKerbrat, the founder of Ethereum, @VitalikButerin, and the CSO of @offchainlabs, @ajwarner90.
Tune in tomorrow at 7:45pm CEST on Robinhood X and YouTube.
— Robinhood (@RobinhoodApp) June 29, 2025
What does this potential partnership mean for the price of ARB?
Arbitrum Price Gearing Up Towards A Breakout
After a significant decline in 2024, the ARB price experienced a recovery towards the end of the year, pushing Arbitrum towards the $1.18 high.
The Arbitrum price then went through a sustained bearish trend, but stayed within a well-defined falling wedge pattern.
The movements within the A, B, C, D harmonic pattern suggest that the price of Arbitrum is moving towards a breakout above the upper boundary of the falling wedge.
As a result of the continued downtrend, ARB moved to trade below both the 50 and 200 Simple Moving Averages (SMAs) on the 3-day timeframe, as shown by GeckoTerminal data.
Meanwhile, the Relative Strength Index (RSI) is showing signs of recovery above the 50-midline level, currently at 50.57, indicating that the price of Arbitrum is moving out of consolidation and heading towards a breakout.
Moreover, the blue Moving Average Convergence Divergence (MACD) line has crossed above the orange signal line, confirming the bullish outlook.
Could The Robinhood Partnership Fuel ARB?
If the price of ARB sustains its rally and breaks out above the falling wedge pattern, the next major resistance and target could be within the 200 SMA at $0.8815.
The partnership between Robinhood and Arbitrum could fuel interest in the asset, potentially supporting its upward trajectory.
Conversely, if the Arbitrum price falls back within the bearish trend, ARB could plunge back to the $0.2466 support level, which formed just below the lower boundary of the falling wedge pattern.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO crypto called Snorter Token (SNORT). According to Jacob Crypto Bury, a popular crypto YouTuber with over 56.9K subscribers, SNORT could soar 100X on launch.
Snorter Token Hits $1.4M In Fast-Growing Crypto Presale
The Snorter Token presale is generating serious traction, having already crossed the $1.41 million mark in early contributions.
Snorter Bot is a full-stack, Telegram-native trading assistant built to help everyday traders snipe high-upside meme coins the moment they launch, with the speed, automation, and protection that until now was only available to whales.
Its advanced algorithms help investors navigate volatile markets, automate risk management, and capitalize on opportunities faster than manual trading.
The bot is entering a space where most users currently favor Trojan and BonkBot, two bots that have gained prominence on the Solana blockchain for their affordable fees and secure transactions.
Went outside. Touched grass. Immediately hated it. Back to the chaos. pic.twitter.com/XgGz1f7cCE
— Snorter (@SnorterToken) May 19, 2025
However, Snorter Bot beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other Telegram crypto trading bots.
In addition to its trading features, staking rewards currently sit at 244%, but this decreases as more investors join the ICO.
The presale is now live, and the token is selling at $0.0969. Tokens can be bought with SOL, ETH, BNB, or bank card, and staked directly on the official site.
Interested investors will want to buy before the next presale price hike in approximately 3 days.
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