Arbitrum Update — Aug 29
– $ARB is holding strong at ~$0.52, up ~3–4% today and outperforming most alts—momentum building.
– Balance zone: $0.50 support must hold or it’s reset risk. On break above $0.585, Fibonacci points at a +100% run toward ~$1.10 next.
– Ecosystem keeping pace: 1,200+ dApps, $12B TVL, plus L3 expansion, gas upgrade, and $14M audit launch fueling structural growth.
Question Time: If Arbitrum crosses $0.60 cleanly, do we see a move to $1+ this cycle—or is some consolidation needed before the next leg up?
