The post Arbitrum (ARB) Price Retreats to $0.37 Despite PayPal Network Adoption Boost appeared on BitcoinEthereumNews.com.

Felix Pinkston
Aug 02, 2025 07:22

ARB trades at $0.37 after 4% decline, testing critical support despite recent PayPal adoption driving earlier surge to $0.45. Technical indicators suggest mixed outlook.

Quick Take • ARB currently trading at $0.37 (-4.03% in 24h) • Arbitrum’s RSI at 39.33 signals potential oversold conditions approaching • PayPal’s network adoption drove recent surge but token unlock concerns weigh on sentiment What’s Driving Arbitrum Price Today? The ARB price has pulled back from recent highs, declining 4.03% to $0.37 despite significant positive developments last week. PayPal’s adoption of the Arbitrum network had previously driven ARB price to surge 18% and reach $0.45, representing a dramatic reversal from months of consolidation below the $0.40 resistance level. However, the initial euphoria from PayPal’s integration appears to be cooling as traders focus on an upcoming token unlock event. Scheduled for August 16, 2025, this massive 92.65 million token release is creating selling pressure and uncertainty among investors. The timing of this unlock, just weeks after the PayPal-driven rally, has created a challenging dynamic where positive fundamental news is being offset by supply-side concerns. The contrast between bullish adoption news and bearish tokenomics is evident in today’s price action, with ARB testing the lower end of its recent trading range despite the network’s growing utility and institutional backing. ARB Technical Analysis: Mixed Signals at Critical Juncture Arbitrum technical analysis reveals a cryptocurrency caught between competing forces. The ARB RSI reading of 39.33 places Arbitrum in neutral territory but approaching oversold conditions, suggesting potential for a bounce if buyers step in at current levels. The MACD histogram shows bearish momentum with a reading of -0.0129, indicating that selling pressure remains dominant in the short term. This aligns with ARB’s position relative to key…

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Filed under: News - @ August 3, 2025 2:17 am