Arbitrum (ARB) at risk of 40% drop? Bulls fight for $0.3
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币界网报道：Despite a 140% surge at the end of 2024, Arbitrum (ARB) has been in a bearish downtrend since March 2024. The market structure shows bearish trends on both the weekly and daily charts, with the RSI and OBV indicators highlighting significant selling pressure. The recent 28% price drop has occurred even as Bitcoin price has remained above $100,000. Key price levels to watch include a potential break below the Fibonacci retracement level of $0.298, which could lead to a further drop to around $0.18, and the demand zone between $0.265 and $0.28. The article emphasizes that this is not financial advice, but only an analysis of current market conditions.
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