Arbitrum Price Rebounds to $0.111 Ahead of Key Milestones

Arbitrum's price has rebounded from its cycle low of $0.0702, reaching around $0.111 after a significant daily gain of 28.32%, and a weekly increase of 13.90%.

The token's value also rose by 38.3% over the past month, reclaiming the $0.1146 Fibonacci midpoint with key upside targets at $0.1200 and $0.1400.

The Elara upgrade has strengthened Arbitrum's fundamentals, potentially boosting momentum for crypto adoption and DeFi activity in September.

However, rising spot inflows face pressure from an elevated RSI and a scheduled token unlock on September 16 that may cap the near-term upside.