Arbitrum (ARB) surged 17.2% in the past 24 hours, with trading volume spiking 220% and open interest rising 32.5%. The rally followed a Standard Chartered report projecting a $10 price target by 2030—a 66x increase from current levels. The bank called Arbitrum the “blockchain for TradFi” and highlighted revenue drivers including the Arbitrum Expansion Program (AEP) fees, which jumped fivefold after Robinhood Chain launched. Technically, ARB has been in a bullish uptrend since July, and despite a September pullback to $0.13, it defended key support and is now testing $0.15 resistance. Short-term indicators signal further upside toward $0.20–$0.23.
Arbitrum (ARB) rallied 17.2% in the past 24 hours, with data from Coinalyze showing a 220% increase in daily trading volume and a 32.5% rise in Open Interest. The gains followed a report from banking giant Standard Chartered, which set a bullish price target of $10 for the altcoin by 2030—nearly 70 times the token’s current market value.
The bank described Arbitrum as the “blockchain for TradFi” and highlighted the Arbitrum Expansion Program (AEP) fees, which are collected when another chain settles transactions using the Arbitrum stack. The AEP fee is 10%, with Robinhood Chain being the largest participant. This helped push Arbitrum’s September revenue to approximately $5 million, a fivefold increase from before Robinhood Chain’s launch.
Other revenue factors include treasury management returns, Arbitrum One transaction fees, and Timeboost express-lane auctions. On the daily chart, a bullish shift occurred in July when the downtrend’s swing point at $0.09 was breached. Since then, ARB has formed higher lows and higher highs, also breaching the $0.1495 weekly swing point.
A retracement from $0.20 to $0.13 in September temporarily stalled momentum, but the 61.8% Fibonacci retracement level at $0.13 was defended. At press time, ARB was testing the $0.15 resistance level. Short-term technical indicators are bullish, with the Chaikin Money Flow showing increased capital inflows and the MACD confirming renewed bullish momentum.
If buying pressure continues, a move toward the extension level at $0.2357 is the next target. A rally toward $0.20 and $0.23 becomes more likely if the $0.15 area is overcome.
