Arbitrum [ARB] rallied 5.28% on October 11, contributing to a broader recovery in altcoin markets. Bitcoin moved 0.95% higher to $83,773 on the same day, helping push the altcoin market cap up 1% to $1.12 trillion.
ARB has gained 21.34% since hitting a low of $0.162 on October 8. The token's recovery reflects stronger performance across Layer 2 tokens, which have outpaced Bitcoin and other major crypto sectors in recent days, according to market data.
Technical Positioning
On the daily timeframe, Arbitrum's price structure turned bullish in early September when it broke above a swing high of $0.1495 from May. After pulling back to $0.131, the uptrend resumed, eventually reaching a high of $0.255 before retracing into a demand zone around $0.16.
Technical indicators showed mixed signals. The Chaikin Money Flow (CMF) remained below -0.05 on the daily chart, and trading volume has declined noticeably over the past six weeks despite the price recovery.
Key Levels
The $0.183–$0.186 range represents both an imbalance zone and local supply/demand area on the daily timeframe. A retest of this region could present a buying opportunity, with potential targets at $0.255 and $0.285.
The bullish structure would be invalidated if ARB falls below $0.162.
