Arbitrum $ARB Price Analysis

Last week, Arbitrum (ARB) ended the weekend bearishly, dropping to an intraday low of $0.252 on Sunday, June 20, before settling at $0.268. Monday saw a robust recovery, with a 13% surge to $0.301. The bullish momentum continued Tuesday, with ARB reaching an intraday high of $0.335 and closing at $0.315, up 4.50%.

Momentum waned Wednesday, with a 2% decline to $0.309. Selling pressure persisted Thursday, as the price fell 1.68% to $0.303. On Friday, ARB posted a slight gain, edging up to $0.305.Over the weekend, ARB continued its upward trend, gaining 1.73% on Saturday to $0.311. Sunday brought a strong 18% rally, crossing the 20-day and 50-day SMAs to settle at $0.357.

However,Monday saw a reversal, with a nearly 6% drop below the 50-day SMA to $0.345. The decline continued Tuesday, with a 5% fall to $0.327. ARB rebounded Wednesday, rising over 6% to $0.348. Thursday saw a 1.18% drop, settling at $0.343. In the current session, ARB is down 3.23%, trading around $0.332.