Arbitrum $ARB Price Analysis

Arbitrum (ARB) saw a nearly 2% rise on Saturday, May 31, followed by a modest 0.85% increase on Sunday, closing at $0.342. The upward trend continued on Monday with a 4% gain, reaching $0.358. On Tuesday, ARB posted a slight uptick but slipped 0.25% on Wednesday to $0.359. Bearish pressure emerged on Thursday, with ARB dropping nearly 10% after failing to break above the 50-day SMA, ending at $0.326. A recovery followed on Friday, with the price climbing to $0.346 before closing at $0.332, up 2.63% for the day.

The bullish momentum carried into Saturday, with ARB gaining nearly 5% to hit $0.348. However, Sunday saw a 1.64% decline, bringing the price to $0.342. The new week kicked off strongly, with ARB surging nearly 8% on Monday to $0.368. Tuesday brought even stronger gains, with a 12% rally pushing ARB above $0.40 to settle at $0.414. Currently, ARB is trading around $0.397, down over 4% in the ongoing session as buying momentum wanes.