$AR Arbitrum Update — Aug 28
– $ARB hovers near $0.50, down ~5% today—testing critical support at ~$0.47–$0.50.
– Bulls watch key resistance at $0.58–$0.60—a breakout could spark a renewed rally.
– Network usage is sizzling: +160% fee surge, signaling renewed on-chain engagement.
– Ecosystem gains: Wyoming’s FRNT stablecoin, Ronin L2 proposal, and ArbOS 50 Dia upgrade are building meaningful momentum.
Big Question: If ARB breaks above $0.60, is a swift move to $0.75–$0.80 coming? Or is consolidation at $0.50–$0.55 more likely before another leg up?
