Arbitrum Bears Tighten Grip: ARB Plunges to $0.19 as Lower Targets Loom

Arbitrum's native token hits a critical juncture, testing the $0.19 support level as bearish momentum accelerates.

The Breakdown Deepens

Selling pressure shows no signs of relenting. The breach below key psychological levels signals a shift in market structure, with bears now dictating the short-term price trajectory. Each minor rally gets sold into—classic distribution behavior that hints at further downside.

Where's the Floor?

With $0.19 now under siege, chart analysts are eyeing the next potential support zones. The absence of strong buy-side liquidity at current levels suggests the path of least resistance remains downward. It's a stark reminder that in crypto, 'support' is just a suggestion until proven otherwise—much like a traditional banker's promise.

This isn't just a technical correction; it's a sentiment shift. Until ARB reclaims and holds above decisive resistance, the bears maintain full control. The coming sessions will reveal whether this is a healthy flush or the start of a deeper, more painful capitulation phase.

Indicators Point to Strong Selling Momentum

The weekly RSI is close to 36.6, with its moving average at around 36.9, well below the 50 midpoint and close to the lower boundary. This indicates continued bearish momentum with no penetration of oversold territory. Selling pressure is still relatively strong, although the price has reached a zone where stabilization or a base could form.

MACD readings go negative: The main line is around -0.0656, the signal line is near -0.0584, and the histogram is about -0.0072. All are under zero, signaling bearish momentum. The histogram has stayed negative without any clear contraction, indicating that the downside pressure is still there with no confirmed turn yet.

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Learn more: https://t.co/QLCvXGwtPb pic.twitter.com/Y1MMexowpy

The upgrade focuses on actual benefits. Dynamic pricing sets a solid base. Blocks are filled more efficiently. EVM updates from the Fusaka era function properly. Enterprise onboarding is straightforward and smooth. Cross-chain usage of gas tokens is supported. Arbitrum scales without added protocol debt. All parties involved – users, developers, and operators – benefit.