Arbitrum traded in a narrow band on Friday as traders weighed a stronger altcoin backdrop against fresh warnings around token supply and Bitcoin dominance. On X, analyst Michaël van de Poppe said there had been “great momentum on altcoins over the past week” and added that with the VIX still low, Bitcoin showing momentum, and indices printing new highs, he “wouldn’t assume that this stops.”
For $ARB specifically, van de Poppe said that if a correction comes, and he added that he doubted it, the market would likely see a buy-the-dip formation and then continue toward $0.16. His chart showed a recovery structure with a green support box under price and a highlighted resistance zone above, implying he still sees room for continuation if the broader altcoin environment stays constructive.
Analyst Keeps Bullish View on $ARB
Van de Poppe’s setup is based on a market that has already started to rotate back into altcoins. His chart suggests $ARB is trying to build a higher base after a prolonged downtrend, with the recent rebound opening room for a push into the next resistance band.
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