Arbitrum $ARB Analysis
Arbitrum experienced a rollercoaster of a week, with extreme volatility highlighting the ongoing battle between buyers and sellers.
The altcoin kicked off with a bang last Saturday, soaring nearly 28% to hit $0.484. However, the bullish momentum quickly faded, and ARB retraced by almost 7%, ending the session at $0.451. Attempts to recover on Monday fell short, as selling pressure dragged the price down by 4.57% to close at $0.430.
Tuesday brought more turbulence. ARB dropped to an intraday low of $0.406 before bouncing back with a sharp 6.18% gain, recovering to $0.457. The recovery proved short-lived, as sellers reasserted dominance midweek.
On Wednesday, ARB plunged nearly 7% to close at $0.426. The downward spiral continued on Thursday with a 6.66% decline, pushing the token below the key psychological level of $0.40 to settle at $0.398. Bearish sentiment lingered through Friday and Saturday, with ARB slipping another 2.11% and 3.51% respectively to close at $0.376.
Despite sustained pressure, Monday saw a brief bullish attempt as ARB rose over 5% to hit $0.393. Yet, volatility persisted the token dipped to an intraday low of $0.362 before recovering to close the day at $0.392, posting a slight overall decline.
As of the latest session, ARB is down over 1%, trading around $0.386. The market remains on edge as investors look for signs of stability. A decisive move above $0.40 could restore short-term confidence, but further downside remains a risk if selling pressure continues.
