The price drop in Arbitrum (ARB), which entered the crypto industry like a bomb, attracted attention, selling pressure is increasing.
The developments from the Arbitrum ecosystem, which gathered a large audience with its airdrop, continue. Large price movements are observed in ARB, whose chart is not yet clear. The new star of crypto, which has fallen by 12 percent in the last 24 hours, has made its investors afraid. It dropped from the $1.44 levels to the $1.27 levels, making a sharp price action on the one-day time frame. Fluctuating price movements continue in ARB, which is currently pricing below the support level. The ARB ecosystem, which also has a large audience on social media, increased its activities after this decline.
Arbitrum (ARB) Graphic Analysis
ARB, which started to rise in volume from $ 1.11, reached the levels of $ 1.41. ARB, which went into a downtrend with the effect of Fud news in the market, has broken its strong support as of the current situation. Facing volume selling pressure with the break of the $1.31 support, ARB may have moved towards the $1.20 levels. In order for ARB to move up again, it can be followed to exceed the resistances of 1.316 – 1.344 – 1.408, respectively.
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