The post Arbitrum (ARB) Breaks Downtrend, Retests $0.41 Support Amid Volume Decline and Price Pullback appeared on BitcoinEthereumNews.com.

Arbitrum (ARB) breaks a multi-month downtrend, retesting the $0.41 support level after reaching a short-term high of $0.43, signaling a pivotal shift in market dynamics. Despite a 2.67% price decline and a 37% drop in trading volume, ARB’s breakout above the descending trendline suggests potential for renewed bullish momentum. According to COINOTAG analyst Marcus Corvinus, the flip of $0.41 from resistance to support marks a critical technical reversal, with traders eyeing this zone for confirmation of sustained strength. Arbitrum’s breakout above a key descending trendline shifts market structure as $0.41 flips to support amid volume decline, highlighting critical resistance and Fibonacci levels. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Arbitrum’s recent price action demonstrates a decisive break above a descending trendline that had constrained the asset since early 2024. This breakout interrupts a prolonged bearish pattern characterized by lower highs and consolidates ARB’s position for a potential upward trajectory. The next significant resistance levels to monitor are $0.50 and $0.67, which align with key Fibonacci retracement points. These levels will be critical in determining whether ARB can sustain its bullish momentum or face renewed selling pressure. The transition of the $0.41 level from resistance to support is a classic technical indicator of trend reversal. This shift is reinforced by multiple retests of the green demand zone between $0.26 and $0.28, which provided a strong foundation for the breakout.…

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Filed under: News - @ July 16, 2025 5:24 am