ARB's Desperate Bid to Hold $0.08 Support

ARB is currently clinging to $0.07 support as it navigates a structural downtrend in the crypto market.

The asset's price is trading below every meaningful moving average, including the 200-day SMA at $0.10, and the spot volume has collapsed to just $1.73 million on Binance in 24 hours.

However, despite the bleak picture, smart money accounts are positioning themselves long, with a 63.3% net long position, which is diverging sharply from the bearish price structure.

The stochastic oscillator has crossed up through %D from deeply oversold levels, signaling seller exhaustion, and the MACD histogram has gone flat at zero after a sustained negative run, confirming that the bears have punched themselves out - at least temporarily.