ARB Seeks Breakout Above $0.10 as SAND Deals with Suspected Exploit

Arbitrum's ARB token has shown renewed technical strength, climbing 6.85 percent to $0.09516 over the past 24 hours with trading volume reaching $130.07 million and market capitalization standing at $635.85 million.

Crypto analyst Crypto With Gopal identified a classic double bottom pattern forming in ARB's price chart, suggesting a potential trend reversal.

A daily close above the $0.10 resistance level could confirm the bullish structure and open the path toward a target range of $0.13 to $0.14.

The broader crypto market recovery has increased risk appetite and drawn more interest to altcoins like ARB, with buyers now focused on breaking through the neckline resistance at $0.10.

In other news, The Sandbox's SAND token faces a suspected security breach on the Base network, with Upbit issuing a caution notice flagging circumstances suggesting a security issue tied to a specific wallet address active on Base.