ARB token surged 23% in 24 hours and 61.6% since Monday August 31st, pushing its market capitalization to $904 million for the first time since January. This rally was driven by DEX volume on Robinhood Chain, which hit a new all-time high of $4.5 million in daily fee revenue, with 10% shared with the Arbitrum Foundation. Open Interest rose by 30% and Funding Rates turned positive, signaling strong demand for long positions. The daily RSI reached 80.05, its highest level since May 2025, indicating overbought conditions and a potential correction risk. Support levels to watch on a pullback are at $0.108 and $0.115, while the weekly resistance zone at $0.1495-$0.150 represents the next bullish target.
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