Arbitrum (ARB) Price Analysis
Arbitrum (ARB)’s decline saw its price slip below key support levels and moving averages. The price dipped below the 50-day SMA on Thursday (December 19) and had fallen to $0.719 by Sunday.
$However, ARB started the previous week on a positive note, rising over 7% and settling at $0.799. Buyers retained control on Tuesday, rising 2.29% and settling at $0.817. However, bullish sentiment lost momentum after reaching this level, as ARB fell 1.55% on Wednesday and settled at $0.805. Selling pressure intensified substantially on Thursday as ARB dropped 6.51% to $0.752.
Friday saw a marginal recovery as ARB rose to an intraday high of $0.794 before settling at $$0.759. Bullish sentiment persisted on Saturday as the price rose just over 2% and settled at $0.774. However, ARB was back in the red on Sunday, ending the week down by 4.32% and trading around $0.741. The current session sees ARB up by 3.47% and trading around $0.766