Arbitrum Price Slumps 7.42% Amid Bearish Technical Signals

Arbitrum (ARB) has seen its price decrease by 7.42% to $0.0774, as it continues to trade below its key moving averages.

The asset's trading infrastructure was recently boosted with the integration of Orbs Layer 3, which added decentralized limit and TWAP order protocols for traders on Arbitrum.

Although this upgrade aims to attract more algorithmic traders and increase engagement, it has not alleviated ongoing price weakness.

Technical signals remain highly bearish, indicating that the price is likely to trade between $0.0751 and $0.0815 over the next 2-3 trading days.