Arbitrum (ARB) Price Resists Selloff as $40M Token Unlock Looms

Key Takeaways

• Arbitrum’s price has surged nearly 10% in 24 hours as a primary token unlock of 92.65 million ARB looms.
• New and active addresses on the network have jumped 30% in a week, indicating rising user adoption.
• ARB’s price has broken out of a falling wedge pattern, indicating that it might surge toward $0.56.

Arbitrum (ARB) price may be positioning for a fresh 40% rally, even with a primary token unlock looming in five days. Over the past 24 hours, ARB has surged nearly 10% and reclaimed $0.40.

While the token has previously shown similar price spikes, only to reverse gains shortly after, this time appears different.

The current technical setup, supported by multiple indicators, suggests ARB may be preparing for a sustained upswing. Here’s what to expect as the token unlock approaches.

Arbitrium Shrugs Off Unlock Pressure

According to Tokenomist (formerly Token Unlocks),
Arbitrum is set to unlock
92.65 million ARB tokens on June 16, adding roughly $40 million worth of ARB to the circulating supply at current prices.

This value represents 1.91% of the current ARB in circulation. Token unlocks introduce sell-side pressure as newly released tokens become available for trading.

Arbitrum’s scheduled unlock of 92.65 million ARB on June 16 could increase short-term volatility. However,

the
rise in supply
does not seem to threaten Arbitrum’s price


.

Trixpointobserved a notable spike in both new and active Arbitrum addresses to support this outlook.

Active addresses show the number of users currently engaging with the token through successful transactions — an indicator of growing network usage.

According to IntoTheBlock, both the new and active addresses have increased by 30% within the last seven days. The surge in new addresses indicates an influx of first-time users making successful transactions on the Arbitrum network.

This hints at rising adoption and user interest ahead of the upcoming token unlock. If sustained, this could help
absorb the sell pressure and keep ARB’s price
on the front foot.

ARB Price Analysis: 40% Hike Likely

From a technical standpoint, the ARB/USD chart reveals a breakout from a falling wedge pattern. This formation occurs when price action consolidates between two downward-sloping, converging trendlines, with the resistance line
descending
more than the support.

ARB has now broken above the wedge’s upper resistance line, signaling a potential shift toward bullish momentum.

This breakout is further validated by the Moving Average Convergence Divergence (MACD), where the 12 EMA (blue) has crossed above the 26 EMA (orange), confirming a bullish crossover.

Adding to the positive signals, the Awesome Oscillator (AO) has flipped green, with rising histogram bars indicating strengthening upward momentum. If this trend persists,
ARB’s price could rally
as much as 40%, potentially reaching $0.56.

If buying pressure continues to build and the upcoming Arbitrum token unlock does not trigger a sell-off, ARB could climb toward $0.69.

However, if demand weakens, this bullish scenario may fail to materialize. In that case, ARB’s price could retrace to $0.35.