Arbitrum Price Eyes Further Gains Amid Renewed Bullish Momentum

Arbitrum's (ARB) price is showing signs of renewed bullish momentum after rebounding from a sharp correction in September. Technical indicators are pointing toward a stronger recovery, with buyers attempting to strengthen the rally as resistance comes into focus.

Crypto analyst Crypto Patel highlighted ARB's recent performance, noting that the token has moved significantly higher from its previous entry zone and regained momentum during its latest advance.

The 4-hour chart shows Arbitrum rising sharply from approximately $0.09 in late August before accelerating toward $0.21 in early September. Expanding Bollinger Bands reflected rising volatility and stronger buying activity, but heavy selling pressure later pushed ARB toward about $0.13 by September 14.

The correction has since stabilized as ARB reclaimed its 20-period moving average near $0.15070 and recovered toward resistance around $0.17583. However, the token still needs to break above nearby resistance to confirm stronger recovery momentum and improve its short-term structure.