Arbitrum Price Surges 6% Despite Token Unlock Selling Pressure – Key Resistance at $0.51
The post Arbitrum Price Surges 6% Despite Token Unlock Selling Pressure – Key Resistance at $0.51 appeared on BitcoinEthereumNews.com.
Luisa Crawford
Jul 21, 2025 03:25
ARB trades at $0.49 with 6.14% daily gains, showing resilience after 92.65M token unlock. Technical indicators flash overbought signals as price tests critical resistance.
Quick Take • ARB currently trading at $0.49 (+6.14% in 24h) • Arbitrum’s RSI at 77.04 signals overbought conditions near key resistance • Recent 92.65M token unlock creates selling pressure despite positive TVL growth What’s Driving Arbitrum Price Today? The ARB price action reflects a complex interplay of recent events, with today’s 6.14% surge showing remarkable resilience against significant headwinds. On July 16, Arbitrum unlocked 92.65 million ARB tokens, representing 1.87% of the circulating supply, which typically creates substantial selling pressure in the cryptocurrency market. Adding to the challenges, the July 15 GMX V1 platform exploit on Arbitrum resulted in $42 million in losses due to a reentrancy flaw. This security incident damaged user confidence and highlighted vulnerability concerns within the Arbitrum ecosystem, contributing to negative sentiment among traders. However, the ARB price has found support from positive fundamental developments. Arbitrum’s Total Value Locked (TVL) surged 32% to $2.5 billion, driven by tokenized real-world assets and a strategic partnership with Robinhood. This TVL growth signals increasing institutional adoption and confidence in the Layer 2 scaling solution. The network’s expansion into Latin America through hackathons and an Ambassador Program in Argentina demonstrates Arbitrum’s commitment to global growth, though this longer-term positive catalyst has been overshadowed by immediate market pressures. ARB Technical Analysis: Bullish Signals Emerge Despite Overbought Conditions Arbitrum technical analysis reveals a strong bullish trend despite concerning overbought indicators. The ARB RSI reading of 77.04 suggests the token has entered overbought territory, typically indicating potential for a short-term pullback or consolidation phase. Arbitrum’s moving averages paint a decidedly bullish picture, with the…
Filed under: News - @ July 21, 2025 3:28 am