$ARB looks like it’s trying to form a bottom around $0.20–0.21, but it needs volume + breakout to confirm real strength. Right now it’s still a high-risk, range-bound situation. Bullish Case (~35–40% probability)
Break & close above $0.2180–0.2220 → momentum pickup
→ First target: $0.235–0.245
→ Stretch target: $0.25–0.28 (common analyst zone)

Recent unlock pressure already absorbed (price didn’t crash hard Jan 16)

• MACD trying to flip bullish + 30-day performance still positive (+13%)

• Many analysts (from early-mid Jan reports) still eye $0.23–$0.28 as realistic short-term recovery zone if $0.22 breaks

• Broader altcoin sentiment can turn fast if BTC/ETH hold or pump