Arbitrum is trading near key support with a repeating fractal pattern and breakout signals pointing toward a potential rally beyond $0.48.
Arbitrum (ARB) might be gearing up for a major move, as familiar chart patterns and fresh support levels begin to align. Market participants like Jesse Peralta and finsends are pointing to a fractal that’s now repeating almost step for step.
Arbitrum’s current price is $0.33, up 2.29% in the last 24 hours. Source: Brave New Coin
Arbitrum Fractal Repeating Previous Rally Sequence
Arbitrum (ARB) appears to be repeating a well-defined fractal pattern that played out previously and is now almost confirming to repeat it again. Jesse Peralta highlights a clean sequence of drop, then double bottom, followed by a rally, with the current structure closely mirroring previous cycles. Each time ARB printed this double bottom near support, it followed through with a sharp rally after breaking trendline resistance.
Arbitrum mirrors its previous rally setup with a double bottom and trendline resistance just below $0.37. Source: Jesse Peralta via X
Technically, the chart shows a descending trendline acting as resistance. Once this level at $0.37 breaks, this pattern would play out the second time, and its measured move points to a rally towards $0.90 to $1.00 target range.
Arbitrum Support Holding on Lower Timeframes
While the broader fractal structure on ARB continues to line up with a previous rally sequence, new signs from the lower-timeframe chart suggest bulls are beginning to make their move. As highlighted by Most Angry Bull, ARB has tested and held the $0.3150 to $0.3200 support zone multiple times, with the most recent bounce showing strength.
Arbitrum holds firm above $0.315 support, with lower-timeframe strength hinting at a possible breakout. Source: Most Angry Bull via X
If this zone continues to hold, the short-term bounce could gain traction, potentially becoming the spark that breaks the descending trendline outlined in Jesse Peralta’s fractal setup. A follow-through move above $0.37 would align both the short-term and macro technicals, flipping momentum and giving more weight to the $0.90 to $1.00 breakout scenario. For now, the base is building, and the chart looks positioned for a shift.
Arbitrum Ranks as Cheapest L2
As Arbitrum’s price structure begins to set up for a potential breakout, fundamentals are quietly strengthening in the background. According to new data from ShinoXBT, Arbitrum now leads all major Layer 2s in affordability, boasting the lowest average transaction fee at just $0.006.
These numbers are extremely cheap and outperform other competitors. The number has dropped to 46% over the past 90 days. While participants often focus on charts, infrastructure-level advantages like these play an impactful role.
Arbitrum now leads all major L2s with the lowest average transaction fee of just $0.006. Source: ShinoXBT via X
Cheaper fees not only reduce friction for users but often correlate with rising on-chain activity. That kind of utility growth can act as a positive trigger behind price moves. If ARB maintains this lead on cost-efficiency while holding its technical support base, the bullish narrative only strengthens.
Technical Analysis: Elliott Wave Structure Points to $0.48
Crypto analyst, finsends chart shows ARB completing Waves 1 and 2, with price now starting to establish momentum toward Wave 3. The next key level in focus is around $0.44, which aligns with the midpoint of the projected Wave 3 move. That said, volume remains constructive and as long as price holds above the Alt. ii box near $0.305 to $0.315, there’s room for this wave count to play out.
ARB’s Elliott Wave count suggests momentum toward $0.44–$0.50. Source: finsends via X
What’s critical here is the next few moves. If buyers step in to defend current levels, this could trigger Wave-IV consolidation and eventually push the fifth wave higher, likely testing the $0.48 to $0.50 range.
Arbitrum Outflows Raise Short-Term Concern
While the broader chart structure for ARB still leans bullish, the latest on-chain flows shared by Conor Kenny bring a note of caution. In the past 24 hours, Arbitrum recorded $10.94M in net outflows, the highest among tracked networks. This stands out, especially when others like Ethereum posted strong inflows. On days like these, heavy outflows can sometimes reflect users rotating out of the network, even if temporarily.
Arbitrum sees $10.94M in daily outflows, raising caution. Source: Conor Kenny via X
That said, this doesn’t flip the entire bullish narrative just yet. ARB’s technical structure, from fractals to Elliott Wave setups, still shows signs of continuation. But it does suggest participants may be reducing exposure near resistance, or awaiting confirmation. If this outflow trend continues without a price reclaim above $0.37, bulls might want to be a little careful in the short term.
Final Thoughts
Even with short-term outflows raising a few eyebrows, the bigger picture for Arbitrum still leans optimistic. The fractal setup remains the major turning point for ARB bulls.
If price clears $0.37 with volume, it wouldn’t be surprising to see ARB make a push toward the $0.48 zone, and possibly even run towards $0.90 level highlighted in previous cycles.
