Arbitrum is once again in the spotlight after a bold call from analyst WorldOfCharts. In a recent post, the analyst highlighted how ARB price has been bouncing from a crucial support zone, suggesting that a successful retest could trigger a massive rally in the coming weeks.
Let’s break down what the chart shows and what this means for ARB in the weeks ahead.
What you'll learn 👉
Arbitrum Chart Analysis
Looking at the daily ARB chart, he key zone is around $0.90–$0.95. This level acted as strong resistance earlier in the year and has now flipped into support.
Each time ARB price tried to break higher in 2023, this band sent it back down. Finally, after weeks of consolidation, ARB has retested it as support and is starting to move higher.
WorldOfCharts’ projection shows a potential move up to $1.70, which would be a gain of almost 90% from current levels. The path higher looks steep on the chart, suggesting that once momentum builds, price could accelerate quickly.
Moreover, support and resistance flips are some of the strongest technical signals in crypto. When a previous ceiling becomes a floor, it often attracts fresh buyers.
For Arbitrum price, the $0.90 zone wasn’t just any resistance, it capped multiple rallies across the year. Breaking above it is a psychological win for bulls.
The ARB chart also highlights how price consolidated tightly between $0.70 and $0.95 before the breakout. That kind of compression usually builds up energy for the next leg. If buyers hold this zone, it signals that accumulation is underway.
What Could Fuel Arbitrum Price Rally
Technical setups only tell half the story. On the fundamental side, Arbitrum still leads the Layer 2 race, holding the highest total value locked and drawing in billions of dollars in liquidity.
Its ecosystem is also expanding steadily, with new DeFi projects and liquidity incentives pulling in developers and users. And if Ethereum itself gains strength heading into Q4, tokens like ARB that ride on its success could easily outperform.
Put all of this together with a clean support retest, and the ingredients for a strong move are definitely in place.
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ARB Price Scenarios
If WorldOfCharts’ analysis plays out, Arbitrum could climb toward $1.50–$1.70 in the coming weeks. That would line up with the measured move on the chart.
But if support fails and ARB loses the $0.90 level, downside risk opens up toward $0.70, which was the bottom of the summer consolidation range. That would invalidate the bullish setup and trap late buyers.
WorldOfCharts is betting big on a support retest leading into a breakout rally. With ARB price holding above $0.90, the technical picture does lean bullish, and the roadmap to $1.70 is clear if momentum builds.
For traders, the question is simple: does this retest hold? If it does, ARB could be one of the stronger performers heading into September.
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