$ARB Dips Deeper — Accumulation or Avalanche? | #BinanceWriteToEarn
📉 Current Price: $0.3275
🔻 24H Drop: -8.75%
📊 Today: -4.85% | 7D: +17.29% | 180D: -55.09%
📉 1 Year: -58.38%
🔄 Order Book: 49.57% Buy vs 50.43% Sell
Arbitrum ($ARB ) is sliding down a sharp slope, now nearing multi-month lows at $0.3212. The recent drop is severe, with over 8% intraday correction, hinting at possible panic selling or whale-driven shakeout.
⚠️ But here's the flip side:
Despite its brutal 6-month performance, short-term traders have found value, with a 17.29% gain over the last week. This could indicate early signs of bottom-fishing or a potential bounce if support holds.
📌 Key Levels to Watch:
Support: $0.3210 (recent wick low)
Resistance: $0.3728 (24H high)
Watch for consolidation before planning any entry.
🤔 Is $ARB setting the stage for a sharp reversal, or is there more blood to come?
🛑 Disclaimer: This is not financial advice. Always DYOR and manage your risk.