Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Arbitrum falls below $2: How long until ARB regains ground?
ALTCOIN NEWS

Arbitrum falls below $2: How long until ARB regains ground?

By Crypto FlexsFebruary 23, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Arbitrum falls below : How long until ARB regains ground?
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: February 23, 2024


  • In the last 24 hours, close to a million ARBs were sold by a single company.
  • Fund inflows have declined over the past few days.

Arbitrum (ARB) has recently experienced a price decline after a period of time attempting to establish new price levels.

This decline can be partially attributed to increased selling pressure that has occurred over the past few days.

Arbitrum falls below $2

An examination of the Arbitrum price on AMBCrypto’s daily timeframe chart reveals a notable decline over the past few days. This was especially important considering previous attempts to start an upward trend.

Specifically, between February 20th and 21st, the price of ARB fell 8.78%, falling in the $2 range.

At the time of writing, it was up slightly by 0.2% and ARB was trading at around $1.88.

random price trendsrandom price trends

Source: Trading View

Moreover, the analysis of the chart’s trading volume showed that sales volume dominated the overall trading volume trend during the two days of the downward trend.

Additionally, the short-term moving average (yellow line), which previously served as support, has now turned into resistance near $1.9 and $2.

The relative strength index (RSI) also showed that ARB is in a bearish trend. At the time of writing, RSI was below the neutral line, suggesting a bearish trend, albeit relatively weak.

Selling contributed to the price decline

sugar spot on chainThe recent Arbitrum price drop may be related to significant selling in Convex Finance.

Notably, Convex sold 901,392 ARB (worth $1.63 million) in the last 24 hours, at a selling price of approximately $1.80 per ARB token.

For the uninitiated, when Convex received ARB in an airdrop in April 2023, it was worth approximately $1.2 million. This means that Convex has earned over $400,000 in recent sales.

Declining interest in ARBs

AMBCrypto’s view on the derivative side of Arbitrum shows relatively low interest in ARB at the time of press.


Realistic or not, the ARB market cap in BTC terms is:


Coinglass’s open interest has seen a decline in funds, which at the time of writing stands at around $254 million.

As of this writing, the funding rate is around 0.014%, indicating that buyers are being less aggressive but still maintaining control.

Next: Bitcoin: Will GBTC Outflows Continue to Harm BTC?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025
Most Popular

Crypto Analyst Says Tron (TRX) Is ‘One of the Strongest Altcoins Overall’ But There’s a Catch

September 7, 2024

ANLOG, dogs and transactions are not available!

February 18, 2025

Bitdeer unveils new chip for low-power Bitcoin mining

June 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.