Robinhood's Arbitrum Expansion Boosts ARB Price Prediction

The dYdX Foundation announced that Arcus launch has not affected the chain. Meanwhile, Robinhood deployed its own Layer 2 chain built on Arbitrum with Uniswap and Chainlink as day-one partners.

Robinhood is expanding its offerings to include perpetual futures on stocks, gold, silver, and FX in Europe, with up to 10x leverage. The company also launched crypto trading in Canada with zero fees through September 30.

The ARB Technical Confluence analysis indicates that the price of ARB holds at $0.08, where the EMA50 provides immediate support against the EMA200 at $0.09. The MACD golden cross confirms a bullish structure, while RSI at 55.73 leaves room for continuation.