Arbitrum Price Prediction: Standard Chartered Sets $0.50 Target as ARB Faces Critical Test

Arbitrum's ARB token has rebounded sharply after a decline, but traders now face a key test between improving momentum and persistent supply concerns.

The latest recovery has pushed price above major exponential moving averages, with short-term momentum improved as buyers attempt to extend the rebound.

A successful break above $0.1600 resistance could bring higher Fibonacci levels into focus, but this is also a crucial test for buyers to defend $0.1546 support and sustain the recovery.