Arbitrum Breakout Faces $0.58 Test as Token Unlock Adds Volatility

I see Arbitrum has broken a six-month consolidation and is trading around $0.53 after the breakout. Technicals show bullish momentum, but price is testing strength near the $0.58 resistance level.

Near-term weakness (a 4.43% daily drop) appears driven by an upcoming token unlock, which raises short-term volatility risk despite the constructive setup. Bulls need a clean reclaim above $0.58 to confirm trend continuation.

I remain cautiously optimistic: this is a breakout to monitor closely and a potential buy-on-weakness opportunity if price retests the breakout level with supportive volume.