đš Arbitrum Struggling to Break Free? $ARB Faces Downside Risk đ
$ARB continues to look weak as it hovers around the $0.51 level. The token has been trading sideways for weeks, unable to break above its key resistance at $0.54. The moving averages (SMA 7, 25, and 99) are all sloping downward, suggesting that the trend remains bearish. With no significant buying pressure in sight, the price seems vulnerable to further declines. đ
The MACD paints a grim picture too, with the lines crossing into bearish territory and the histogram turning red again. Thereâs minimal momentum to push ARB higher, and volume remains low, which confirms the lack of strong interest from bulls. If $ARB fails to hold the $0.50 support level, we could see a further drop toward $0.45 or lower.
Right now, ARB seems to be stuck in a tight range with bears in control. Without a clear breakout above $0.54 or a surge in volume, the token is likely to continue its downward drift. It might be time to exercise caution if you're holding or looking to enter a position. đ
