Arbitrum whales have accumulated 10M ARB tokens in the last two days. This accumulation, alongside rising network activity could aid...
, at press time, was trading at $0.729 after its gained by over 5% in 24 hours. Trading volumes also rose by 89% to $414M, with the sameAnd yet, several bullish signs have emerged lately, signs that could aid a trend reversal and support a sustained uptrend.Arbitrum whales have increased their activity lately, after large transaction volumes climbed by 38% in 24 hours to 85.9M ARB. Much of this surge stems from whale accumulation, as depicted by rising large holder inflows.
An uptick in network activity is good for the price as it could fuel demand. If these volumes continue to climb, it could also support a sustained long-term uptrend for ARB.traded within a descending triangle pattern on its one-day chart, with the same showing that bearish trends were prevalent. A crucial support level stood at $0.68, with a dip below set to accelerate the downtrend.
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