Arbitrum (ARB) surged 26% in the past 24 hours, returning to levels last seen in early January after rebounding from $0.13 and breaking above $0.20. The token has been trading on its own catalyst since Robinhood Chain went live on July 1, 2026, with the latest rally building on four consecutive higher daily closes that began from the $0.13 support level. ARB has been trading on its own catalyst since Robinhood Chain went live on July 1, 2026, with earlier gains tracking record network fees. The token's performance stands out as almost the only green asset in an otherwise red market environment, with the broader crypto market experiencing a 6.26% decline in total market capitalization to $2.60 trillion over 24 hours.
Standard Chartered has initiated coverage of Arbitrum's ARB token with a $10 end-2030 price target, implying roughly 70-fold upside from current levels. According to reports from The Block, Geoff Kendrick, Standard Chartered's global head of digital assets research, set interim ARB targets of $0.50 by the end of 2026, $1.50 for 2027, $3.50 for 2028, and $6.50 for 2029 before reaching $10 in 2030. ARB traded around $0.13 when the note was published, making the final forecast roughly 70 times that level. The bank forecasts ARB at $0.50 in 2026, $1.50 in 2027, and $3.50 in 2028. In a note to clients, Kendrick emphasized that the bank expects ARB to outperform bitcoin and ether over the forecast period, with Bitcoin projected at $100,000 by the end of 2026 and $500,000 in 2030, while Ether is projected at $4,000 and $40,000 for the same dates. Kendrick noted that "This would far outperform our projected price growth for ETH and BTC over our forecast horizon," adding that ARB is "significantly undervalued given its now-elevated revenue base and is poised for a structural re-rating."
Arbitrum's network activity reached significant milestones as the protocol's Revenue increased fivefold over the previous two months driven by Robinhood Chain activity expansion. Transactions climbed to 2.3 million, reaching levels last recorded in late August, while Active Addresses increased to 113,600, showing that transaction growth involved a broader user base. Net Inflows jumped to $82 million on September 17th before easing to $44 million, indicating continued capital entry into the network despite some moderation from daily peaks. The rebound carried speculative momentum, but it also aligned with stronger network activity and Revenue growth, providing fundamental support for the price recovery.
The price rally increasingly challenged bearish derivatives positions as ARB extended its reversal. According to CoinGlass analytics, Short Liquidations reached $5.24 million over the previous 24 hours, compared to Long Liquidations totaling $1.39 million during the same period. This imbalance showed that ARB's upside move caught bearish traders heavily exposed, with shorts suffering nearly 4 times the liquidations recorded among leveraged longs. The ARB's OI-Weighted Funding Rate remained below the neutral threshold at -0.0043%, though recovering from deeper negative readings of -0.0100% that implied considerably stronger short-side pressure. The funding rate rebound towards the neutral zone suggested bearish positioning had reduced as ARB's price reversed, with the metric having frequently remained positive throughout late August and early September. The funding improvement, combined with heavier short liquidations, implied that bearish traders suffered increasing pressure from the price recovery.
ARB's upside structure remained intact as the token traded within its rising channel, with the recovery moving closer to reversing its remaining 2026 losses. If broader conditions remain supportive, ARB could reclaim $0.22 and target $0.27 over the short-to-medium term, with an extended rally potentially bringing the $0.30 resistance level back into play. The technical recovery gained momentum after bulls defended the Fibonacci golden zone during recent pullbacks, with ARB retaining control around the 0.618 Fibonacci level at $0.1549 and subsequently recovering towards the $0.1714 area. The RSI indicator climbed to 66.91, above its 65.47 average signal, as buying strength returned with the price recovery. However, losing the reclaimed $0.20 level would weaken the current breakout structure, potentially invalidating the bullish technical setup and limiting further upside potential.
