Arbitrum (ARB), one of the coins that lost the most value in recent days, confused the investor base.
Arbitrum (ARB), one of the projects that left its mark on this year, has lost 20 percent of its value in the last 4 days. Although ARB, which attracted incredible attention during the airdrop process, made sharp upward movements after being listed on popular stock exchanges, this situation was not permanent. The withdrawal of BTC and the FUD news that caused concern in the market naturally hit the altcoin market. However, one of the coins most affected by this damage was ARB.
Arbitrum (ARB) chart analysis
The popular coin, which has been falling continuously since $ 0.92, was able to find support at $ 0.738. ARB, which tested $ 0.796 with the momentum it gained from here, retreated slightly. Currently trading at $0.772, ARB will target the $0.81 band and $0.83 as long as it pushes above $0.7824. In addition, the gray colored area may be decisive in the ARB in the short-medium term.
BTC staying below $25,000, risky transfers by ARB whales or any negative news from the ecosystem will disrupt the balance of the price again. In such a situation, the $0.7585 and $0.7387 levels may serve as support. Otherwise, the sales wave will reach a much larger size.
Arbitrum, one of the prominent names of Layer-2 projects, continues to take shape on the Ethereum blockchain. ARB, which was one of the triggers of the Airdrop craze before its launch, currently has a market value of $938 million. The ATH value was $1.82, and the lowest value was $0.753. ARB, which has made a name for itself with its ecosystem and the loyalty of its investor base, is seen as one of the potential coins of the next bull season.
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