Arbitrum experiences heavy selling with major token unlock adding to macro headwinds.
What's Happening:
$ARB drops 7.53% to $0.1941 amid L2 sector selloff
$20M+ token unlock this week adding supply pressure
24h range from $0.1901 to $0.2155 shows 12% volatility
Fear & Greed at 24 amplifying unlock-related concerns
Why It Matters: Arbitrum remains the leading L2 by TVL and activity, but scheduled token unlocks create recurring selling pressure. The combination of macro fear and unlock creates challenging short-term dynamics.
Technical View: ARB broke below $0.20 level. Critical support at $0.1901 (24h low). Resistance at $0.2155. Unlock calendar a key factor in near-term price dynamics.
🎯 Key Levels:
Support: $0.1901 | Resistance: $0.2155
24h Range: $0.1901 - $0.2155
💡 L2 leadership doesn't prevent unlock pressure - supply schedule is immutable
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Arbitrum #ARB #Layer2 #Ethereum #TokenUnlock
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
