Arbitrum Stuck in Bearish Structure Despite Institutional Growth

Arbitrum (ARB) continues to trade below its key moving averages with momentum indicators showing persistent weakness, according to analysis. The asset is currently hovering near $0.078 after a 1.5% gain over the past week.

The ongoing institutional engagement and real-world adoption of ARB are lending support to the network's ecosystem. In July, more than 92% of Immersve's record $14.7 million in stablecoin payment volume was settled on the ARB network.

Despite this growth, traders remain cautious due to a weak technical structure. The price is consolidating between $0.077 support and $0.0826 resistance levels.