$ARB / USDT Showing Significant Downtrend - Watch Key Support! 🚨
Arbitrum ( $ARB ) is currently trading at $0.2961 on Binance, down by 1.69% on the 4-hour chart and a substantial 8.47% overall.
The 4-hour chart clearly illustrates strong bearish momentum. The price has broken below multiple potential support levels and is currently trading just above its 24-hour low of $0.2957. The 24-hour high of $0.3391 highlights the extent of the recent sell-off.
The immediate support level to watch is the 24-hour low. A break below this could lead to a further significant downside. On the upside, resistance is expected around the $0.300 and $0.310 zones. A strong bullish reversal would be needed to negate the current bearish sentiment.
Key Levels to Watch:
Potential Support: $0.2957
Potential Resistance: $0.300, $0.310, $0.320
Exercise extreme caution as $ARB is currently exhibiting strong bearish momentum. Monitor volume and price action closely for any signs of potential reversal, but be prepared for further downside.
