Arbitrum Stages Strong Recovery, Targets $0.24-$0.26

Arbitrum's price has reached a critical inflection point at $0.22, up over 100% from its yearly lows, according to Joerg Hiller.

The token is sitting more than 69% above its SMA 50 at $0.13 and more than 100% above its long-term SMA 200 of $0.11, indicating a sustained structural bid that has been accumulating for months beneath the surface.

Hiller notes that this is not noise but rather a base-breaking continuation, with the short-term SMA 7 having caught up to spot price at $0.22, a textbook sign of price-on-top-of-moving-average behavior in a trending market.