📉 Arbitrum (ARB) Continues to Face Pressure: Bears Dominate, Indicators Deep in Oversold Zone
Arbitrum has shown weak performance recently, with an intraday drop of 7.33%. The current token price remains around $0.1758, far below the key technical resistance level.
🔍 Technical Analysis:
ARB is in a clear downtrend across all time frames. The current price is significantly below the major moving averages:
• MA-20: $0.2081
• MA-50: $0.2027
• MA-200: $0.3459
Additionally, the Kijun line of the Ichimoku Cloud has formed dynamic resistance at $0.2035, further limiting the rebound potential.
📊 Momentum Indicators:
Despite the continued price decline, several oscillators have shown deep oversold signals:
• RSI: 40.03
• CCI: -220.80
• Stochastic RSI: 13.65 (extremely low level)
While the MACD remains neutral, the negative readings of Bull/Bear Power confirm that sellers still hold absolute dominance in intraday trading.
🔮 Price Prediction:
It is expected that over the next 5 trading days, ARB will fluctuate in the range of $0.1610 – $0.1860. The probability of achieving a sustained rebound in the short term is less than 20%, and the market is more likely to continue downward or enter a consolidation phase.
Exercise caution and closely monitor changes in volume at support levels! ⚠️
