Arbitrum rallied 5.28% on Sunday October 11th and gained 21.34% since its low at $0.162 on October 8th. The altcoin market cap expanded by 1% to reach $1.12 trillion, driven by Bitcoin which gained 0.95% to return to $83,773. Layer 2 tokens outperformed Bitcoin and other major crypto market sectors according to Glassnode data. Technically, analysts recommend waiting for a breakout above $0.211 followed by a retracement below $0.186 before buying, with targets at $0.255 and $0.285. The bullish thesis would be invalidated if ARB prices fell below $0.162.
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