Arbitrum Bulls Wake Up – Triple Support Fuels 5% Jump

Arbitrum’s ARB token extended a rebound on Wednesday by breaking a descending trendline from its September high, trading above a support band near $0.18 to $0.186. That band combines the 50-day simple moving average, a rolling price average, and a 0.382 Fibonacci retracement level from the August rally, both near $0.186, with the former trendline just below. ARB had fallen from a September peak of $0.255 into an October base around $0.17 to $0.20; an Oct. 8 wick reached $0.164, and it remains 22% below the September high. Resistance near $0.205 has capped at least three rallies since mid-October, while the relative strength index is about 53.