ARB token gained approximately 26% in 24 hours, rebounding from $0.13 to $0.22, returning to levels last seen in early January. Two catalysts support this rally: Standard Chartered initiating coverage with a $10 price target for 2030, and increased Robinhood Chain activity that quintupled protocol revenue over two months. Network activity remains strong with 2.3 million transactions and 113,600 active addresses, while net inflows peaked at $82 million before easing to $44 million. Short positions accounted for $5.24 million in liquidations versus just $1.39 million for longs, indicating significant pressure on bearish traders. ARB now targets $0.27 before the $0.30 resistance level.
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