$ARB Today’s sentiment on Arbitrum (ARB) appears cautiously bearish. After the recent release of 92.65 million ARB tokens on November 16, worth approximately $48.5 million, concerns over increased supply and potential selling pressure are significant. Historically, such unlock events have negatively impacted ARB's price, as seen in earlier declines from $2.10 to $0.52 following similar events.

**Current Price and Outlook**

ARB is trading around $0.6983, with recent resistance at $0.70 and support at $0.65. While some upward momentum exists, it is tempered by technical indicators showing mixed signals, including an RSI near overbought levels.

**Target and Buy Prices**

A cautious buy range could be around $0.65–$0.66, targeting a short-term rebound to $0.72 if resistance is broken. However, further downside risk remains due to increased market supply and broader market volatility.

For long-term investors, monitoring Arbitrum’s adoption metrics and ecosystem growth will be key.