Arbitrum Throws a LATAM Fiesta: 1M Users Crash the Party, ARB Pumps 7% to 2-Month High

Arbitrum's ARB token kept the good times rolling, extending its two-week uptrend and breaking out to hit a two-month high of $0.123 before a slight pullback. At press time, ARB sat at $0.1146, up 7.5% on the day. The move was enough to flip both the 20 and 50-day moving averages. Trading volume also got in on the action, jumping 44% to $181 million as more participants piled in.

The demand wasn't just paper hands either. Network growth gave this rally some real fundamentals, powered by the recent integration with Praxis Society and the continued expansion of the LATAM Eldorado partnership. Eldorado brought over 1 million users to the Arbitrum network—because when you've got high inflation, limited USD access, and expensive transfers, decentralized rails start looking mighty attractive.

The capital rotation into Arbitrum [ARB] was showing up on-chain too. According to Coinalyze, Buy Volume came in at 197 million compared to 187.8 million between April 9thand 10th. That shift created a positive buy-sell delta above 10 million, signaling real buying pressure. The Bulls v Bears indicator backed this up, climbing to levels last seen in May 2025. The last time that metric hit those heights, ARB went on a run from $0.29 to $0.49. History might rhyme, but it also showed a retrace shortly after.

Buyer capital deployment pushed demand to 2025 highs, and the RSI jumped to 71 before retracing to 67—textbook profit-taking behavior. Short-term moving averages flipped green too. If buyers hold the line, $0.13 could flip and $0.15 might be next. But if this becomes purely speculative and buyers are just buying the news, ARB could retrace through $0.1 down to $0.09.