The crypto market just witnessed another red wave, and Arbitrum (ARB) wasn’t spared. The token dropped -8.01% in the last 24 hours, currently trading around $0.2942 (₨83.1).
🔻 Key Highlights:
24h High: $0.3220
24h Low: $0.2791
24h Volume: 110.39M ARB
Trend: Strong selling pressure after rejection from $0.3516
After hitting recent highs, ARB saw consistent red candles, signaling a bearish momentum on the 4-hour chart. However, a slight recovery from the $0.2791 low suggests possible short-term accumulation by buyers.
💬 Technical Outlook:
Price is still below MA(5) & MA(10) → bearish structure remains.
Next resistance zone near $0.305 – $0.32.
Strong support around $0.275 — a crucial level for bulls to defend.
📊 Sentiment:
Traders are closely watching whether ARB can hold above $0.29. If buying pressure returns, we could see a short-term bounce; otherwise, another drop toward $0.27 may follow.
🔥 Bottom Line:
ARB is under pressure like the broader market, but volatility could create trading opportunities for both swing and scalp traders. Stay alert — market conditions remain fragile.
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