ARBITRUM PRICE ANALYSIS & PREDICTION (April 7) – ARB Advances Bearish With a Fresh Breakdown, Will $0.2 Hold?
Arbitrum's native token has continued to show signs of weakness as it hibernates bullish cycle with another major reduction this week. A continuous dip could set the market up for a macro bearish phase. ARB and many other cryptos are slowly signaling a macro bearish phase with the latest daily down surge on the daily chart. Although there's still hope for a recovery, but things might get worse in the next few weeks if the bulls fail to counter the ongoing move. Looking back, it has lost almost 80% of its valuation since the price started to drop in December. This loss has led to several breakdowns of key support levels, and as we can see on the daily chart, the market has failed to reclaim the lost key levels. The current breakdown indicates more incoming drops, and with the […]