
Crypto sector exhibits mixed activities, Bitcoin’s weak momentum signals an impending altcoin season.
Alts have started to outperform BTCAnd analysts expect this trend to continue in the coming months.
Arbitrum (ARB) is one of the tokens taking advantage of the corrective trends with notable price movements.
The altcoin gained nearly 20% within the past week, and on-chain observations support more upside.
The latest announcement sees Arbitrum One become the first Layer2 project to reach $20 billion in total locked value.
Arbitrum One becomes the first L2 to reach $20 billion in TVL. We did this by innovating together. Phase 2 is on the horizon, and with the ecosystem growing across all verticals, there is no limit to how far we can grow. Speed up.
This confirms the growing acceptance and popularity of Arbitrum blockchain.
The 20 billion TVL makes ARB’s ecosystem perfect for decentralized finance activities, positioning the native token for significant growth.
erb value approach
The altcoin is trading at $1.01 after gaining nearly 5% on its daily chart.
Arbitrum exhibits massive bullish momentum, indicating continued upside.

For example, a 50% increase in 24-hour trading volume reflects increased trader optimism, which could support extended gains.
Moreover, ARB surpassed the important resistance range of $0.96 – $0.98 in the latest uptrend.
This opens the way for further gains to $2.4 – where there is abundant liquidity.
This would mean a significant 137% price increase from current prices.
Broad market optimism, with all eyes on the highly anticipated altcoin season, supports ARB’s upside stance.
Altcoin season is underway
The “alt season” narrative is gaining attention as more altcoins are outperforming Bitcoin.
The Altcoin Season Index is 80, which represents a significant jump from 23 a month ago.

In that context, the Altcoin Season Index tracks Bitcoin’s performance against the top 50 cryptocurrencies.
Figures above 25 indicate Bitcoin dominance, while figures above 75 indicate the beginning of alt season.
Meanwhile, the current level marks the altcoin Season Index’s highest point since January 2022.
This phase saw a massive bullish run for altcoins until March.
Crypto specialist Rake Capital supported this stance with its latest x post,
He highlighted the decline in BTC dominance, which confirmed cash flows into the altcoin ecosystem.
Furthermore, the TOTAL2 indicator, which measures the market capitalization of the top 125 options, signals the emergence of a bullish flag on the 72-hour chart.

The bull flag is an optimistic chart setup consisting of two rallies divided by a brief consolidation.
The pattern starts with a steady uptrend, a flagpole, as the bulls outweigh the bears.
A pullback (forming a flag) occurs with congruent lower and upper trendlines, supporting uptrend continuation.
With this setup, TOTAL2 could exceed $1.45 trillion.
This would trigger explosive price growth in the altcoin sector, with many tokens potentially surpassing their ATH.
Such an environment, with Arbitrum’s stable ecosystem and Venture into AIARB could be seen breaking through the resistance to reach the $2.4 target.
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