Arbitrum (ARB), which has lost more than 10 percent in the last 24 hours, has its investors worried, how can the price action in ARB move forward?
Arbitrum (ARB) has been one of the prominent coins of the crypto market, which has been pricing in an upward trend for a while. With Bitcoin (BTC) losing buyers, the beginning of the decline in the crypto market affected ARB even more deeply than other altcoins. ARB, which has been depreciating since the $1.81 level, reached the $1.30 level. ARB, which is the 3rd coin of the “top losers list” in the last 24 hours, has come to the fore again.
Arbitrum (ARB) Graphic Analysis
ARB, which started to lose strength after $ 1.81, continues its sharp declines. In line with the data from CoinMarketCap, the popular coin, which experienced a loss of 9.60 percent, took its place in the list of the most depreciating ones of the day. ARB, which came to a critical price threshold, created a question mark in the minds of its investors for its next move.
With the loss of the $1.74 support, the ARB, which has been under seller pressure, lost the support levels one by one and reached the $1.30 level. One of the main criteria is to permanently break the resistances of $ 1,349 – $ 1,423 – $ 1,518, respectively, in order for the rises on the ARB side to start again. In the scenario where the downward trend continues, the values of 1.243 – 1.184 – 1.134 dollars can be followed as support, respectively.
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