Arbitrum Plummets Over 10% Amid Renewed Selling Pressure

Arbitrum (ARB) saw a significant drop of over 10% as selling pressure resumed, despite recent gains driven by ecosystem activity and high-profile integrations.

The decline is attributed to the asset's proximity to key resistance levels, which may limit near-term upside after an extended rally.

Despite this setback, Arbitrum remains in an uptrend with robust short-term momentum, trading between support at $0.1394 and resistance at $0.1627.