Standard Chartered Boosts Arbitrum to Top Digital Asset Pick

Arbitrum's price surged by 10.73% after Standard Chartered bank initiated research coverage on the network, identifying it as a top digital asset pick.

The up move is supported by ARB trading above all its major moving averages, with a bullish structure confirmed across short-, medium-, and long-term trends.

Standard Chartered has set long-term growth targets for Arbitrum, while the network is conducting scheduled token unlocks that increase circulating supply.

ARB/USD is in a strong bullish trend with price projected to trade between $0.1459 and $0.1885 over the next five days.