Arbitrum's price is poised for a significant decline, with investors' behavior and chart patterns indicating a potential downturn. The optimism among ARB holders has waned, leading to a possible new all-time low. Investors have been facing losses since mid-April, impacting their sentiment and prompting a shift from a HODLing strategy to distribution tactics. The mean coin age metric reflects this change, showing a preference for liquidation over holding assets. The formation of a head and shoulders pattern suggests a bearish trend reversal, with a potential target of $0.92. While a drop to $0 is unlikely, hitting a new all-time low around $0.73 is plausible. However, a bounce back is possible if ARB manages to surpass $0.92 and reclaim $1.0. This analysis serves as information only and not financial advice, urging readers to conduct their research and seek professional guidance before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news