Arbitrum surged 12.18% in 24 hours, driven by rising network revenues and growing institutional interest. Standard Chartered initiated ARB coverage with a $10 price target by 2030, citing enterprise-grade infrastructure as the main growth driver. The monthly revenue run-rate reached approximately $5 million, representing a fivefold increase since July. Short liquidations hit $238.64K compared to $97.75K for longs, placing increasing pressure on bearish traders. Technically, the rebound from the 0.618 Fibonacci level at $0.1549 has brought the $0.19 resistance back within reach for buyers.
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