The post ARB Price Drops 5% as Arbitrum Tests Critical Support at $0.37 appeared on BitcoinEthereumNews.com.

Jessie A Ellis
Aug 06, 2025 04:38

ARB price declined 4.95% to $0.37, approaching key support levels as technical indicators signal neutral-to-bearish momentum in the Layer 2 token.

Quick Take • ARB currently trading at $0.37 (-4.95% in 24h) • Arbitrum’s RSI at 42.11 shows neutral momentum with bearish undertones • No significant catalysts in recent trading sessions driving current price action What’s Driving Arbitrum Price Today? The ARB price decline appears driven primarily by broader market weakness rather than Arbitrum-specific developments. With no significant news events reported in the past week, the current 4.95% drop to $0.37 reflects technical selling pressure and general risk-off sentiment in the cryptocurrency markets. The lack of fresh catalysts has left ARB vulnerable to profit-taking activities, particularly as the token trades below key moving averages. Trading volume on Binance spot reached $22.2 million over the past 24 hours, indicating moderate interest despite the downward price movement. ARB Technical Analysis: Bearish Signals Emerge Arbitrum technical analysis reveals mounting bearish pressure across multiple timeframes. The ARB RSI reading of 42.11 sits in neutral territory but trends toward oversold conditions, suggesting potential selling exhaustion may be approaching. ARB’s MACD histogram shows a bearish reading of -0.0098, confirming downward momentum remains intact. The MACD line at -0.0045 trading below the signal line at 0.0053 reinforces the bearish technical setup for Arbitrum. The Stochastic oscillator presents mixed signals, with %K at 11.37 deeply oversold while %D at 21.46 suggests some stabilization potential. This divergence often precedes short-term bounces in oversold assets. Arbitrum’s position within the Bollinger Bands framework shows concerning technical weakness. With a %B position of 0.1432, ARB trades near the lower band at $0.35, indicating the token has moved significantly below its 20-period average of $0.43. Arbitrum Price Levels:…

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Filed under: News - @ August 6, 2025 1:26 pm