Arbitrum (ARB) was trading around $0.10 at the time of writing Wednesday, with bulls eyeing a push above $0.11 after an intraday wobble amid broad market weakness. Ethereum and XRP also dipped as Bitcoin slipped back below $65,000, keeping pressure across the altcoin complex. Despite the pullback, Arbitrum attracted a meaningful network development: Robinhood announced the public testnet launch of its Robinhood Chain on Arbitrum. Phase 1 of the rollout focuses on developer onboarding and infrastructure testing—covering testnet gas, stock tokens, contract deployment, bridging and explorer visibility—so teams can test tokenized real-world and digital asset flows without touching production. From a network-growth perspective, that’s a significant positive for Arbitrum’s ecosystem. Price context and recent performance - ARB hit intraday highs of $0.22 on January 14, 2026, but bearish momentum that carried over from Q4 2025 has been severe. The token plunged toward $0.10 in October 2025 and, after further selling, fell to roughly $0.094 on Feb. 5 amid a broader market rout. - ARB has recovered about 13% from that low but remains under heavy pressure: down more than 20% over the past week and over 45% in the past month. Technical outlook - The daily chart shows ARB trading below the 20-day EMA, which is acting as resistance near $0.13. - Momentum measures point to exhaustion: the Relative Strength Index sits around 24 in oversold territory, while the Supertrend indicator remains bearish. - Near-term, a continuation of selling could push ARB below $0.09 to test fresh lows. Alternatively, an oversold bounce that clears the $0.13–$0.15 zone would open upside targets at roughly $0.22 and $0.35. Bottom line: Robinhood’s testnet launch on Arbitrum is a tangible on-chain catalyst that could boost long-term adoption, but ARB’s price action still reflects entrenched bearish momentum. Traders will be watching whether network developments translate into renewed buying interest or whether the downtrend resumes toward new lows. Read more AI-generated news on: undefined/news

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