- Arbitrum (ARB) shows resilience with 11% weekly gains despite broader market weakness as Ethereum drops 4% from $4,780 to under $4,300.
- ARB has completed a bullish Cup and Handle pattern, breaking above neckline resistance at $0.4850 and reaching a local high of $0.57.
- The token successfully retested the breakout zone at $0.48 before bouncing to $0.52, validating the breakout as support.
- If ARB holds above $0.4850 support and breaks $0.57 resistance, the next target is $0.70, representing 33% upside potential.
Date: Mon, Aug 18, 2025 | 05:50 AM GMT
The cryptocurrency market is facing a slight pullback as Ethereum (ETH) slips 4% on the day, dropping from it’s recent high of $4,780 to under $4,300 today. This decline has put pressure on most major altcoins.
Despite the broader market weakness, Arbitrum (ARB) is holding strong with 11% weekly gains, and its price chart is now flashing a classic bullish continuation setup that could set the stage for further upside.
Retested Cup and Handle Breakout
On the daily chart, ARB has completed a well-defined Cup and Handle pattern — one of the most reliable bullish continuation structures. After forming the rounded “cup” and the smaller “handle” consolidation, ARB broke above its neckline resistance at $0.4850, rallying to a local high of $0.57.
Following that surge, a pullback brought ARB back to retest the breakout zone, briefly touching $0.48 before bouncing to the current $0.52 level. This retest is significant, as it suggests the breakout is holding as valid support, keeping the bullish setup intact.
What’s Next for ARB?
If buyers continue to defend the $0.4850 neckline zone, ARB could regain momentum and challenge the $0.57 high once more. A decisive breakout above that level would open the path toward $0.70 — a move that represents roughly 33% upside from current prices.
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