Arbitrum (ARB) is showing signs of a potential bullish reversal, with its total value locked (TVL) climbing to $4.12 billion from $3.13 billion in September, while DEX trading volume has risen to $834.7 million. Analysts believe a break above $0.475 could trigger a 30% rally with a target price of $0.62, supported by trader positioning, which includes $3.36 million in long positions and $2.75 million in shorts. Currently trading around $0.44, ARB's descending wedge pattern and increasing on-chain activity suggest strengthening fundamentals.