Leading L2 faces selling pressure with major token unlock scheduled between Dec 15-21.
What's Happening:
ARB slides 1.98% to $0.2085 as unlock approaches$19.78M worth of ARB tokens unlocking this week (Dec 15-21)L2 TVL remains robust despite token price weaknessArbitrum One maintains dominance in L2 ecosystem
Why It Matters: Token unlocks create predictable selling pressure, and the market is front-running this week's $20M ARB release. Despite this, Arbitrum's fundamental position as the leading L2 remains unchallenged, with consistent TVL and transaction volume.
Technical View:
$ARB breaking below $0.21 is concerning. The $0.2017 daily low represents critical support. The unlock event may create short-term selling, but historically these events are often "sell the rumor, buy the news" opportunities. Watch for capitulation wick.
🎯 Key Levels:
Support: $0.2017 | Resistance: $0.2144 24h Range: $0.2017 - $0.2144
💡 Token unlocks are known events - smart money positions before, not during
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Arbitrum #ARB #Layer2 #TokenUnlock #Ethereum Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.