Ethereum

Arbitrum

Bitcoin

Million

Billion

<ul class="list-ic vertical"> 
 <li> 1 <a>Arbiturm (ARB) crashed to a new all time low, breaking below the October 2023 low of $0.744.</a> </li> 
 <li> 2 <a>At the time of writing, Arbitrum was hovering near $0.71 after a sharp 6% fall intraday.</a> </li> 
</ul> 
Arbitrum price was facing a challenge in the recent sessions. It crashed below record lows Intraday. The recent downturn in the Blue chip cryptocurrencies pushed ARB towards a new all time low. 
ARB has been under strong selling pressure since mid-march and is yet to overcome it. The price has crashed nearly 63% in the last six months from its annual highs.&nbsp; 
Let’s analyze whether the Arbitrum crypto would continue to lose value or may shine again in the near future. Arbitrum is an Ethereum layer two scaling solution. It uses optimistic rollups to achieve speed, scalability and efficiency on Ethereum. 
<h2 class="wp-block-heading" id="strong-arbitrum-crypto-volume-volatility-analysis-strong">Arbitrum Crypto: Volume &amp; Volatility Analysis</h2> 
Arbitrum aims to provide compatibility, scalability and flexibility to their users. It allows the developers to deploy their programs written in programming languages like Rust, C++ etc. <iframe loading="lazy" title="Santiment Chart: Price (ARB), Volume (ARB), Price (ARB) MA(50), Price (ARB) MA(200)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=arb-arbitrum&amp;pt=ARB&amp;df=2024-04-03T18%3A30%3A01.073Z&amp;dt=2024-07-04T18%3A29%3A59.073Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd%3B%5B2%3Bprice_usd%3BMA50%5D%3B%5B2%3Bprice_usd%3BMA200%5D&amp;wax=0%3B1&amp;wc=%2333bd5d%3B%23D2D6E7%3B%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%3B%3B" scrolling="no"></iframe> 
Moreover, there has been a notable development in the transaction volume intraday. The transaction volume surged by 111% intraday to $364.43 Million a day. A sharp fall in the price along with the volume support indicates heightened seller interest in the crypto.&nbsp; 
Moreover, the volume to market capitalization ratio at 16.1% indicates increased volatility in the crypto. After a significant drop, market capitalization was close to $2.32 Billion as it ranked 35th in terms of market cap. 
<h3 class="wp-block-heading" id="strong-arbitrum-crashed-below-all-time-low-strong">Arbitrum Crashed Below All-time Low</h3> 
The recent sessions saw <a href="https://www.thecoinrepublic.com/2024/06/26/arbitrum-price-near-its-all-time-low-will-it-bounce-back-soon/" target="_blank" rel="noreferrer noopener">Arbitrum price</a> trying to stabilize near its all time low. However, the weakness in the broader market after Bitcoin loomed below $60K triggered a breakdown. The price loomed to a record low breaking below the previous ATL.&nbsp;  
<a href="https://in.tradingview.com/chart/ARBUSD/5v7de0eE-Arbitrum-Price-Crashes-To-An-All-Time-Low-What-s-Next/">&nbsp; </a> <a href="https://in.tradingview.com/u/Ritika_TCR/"> </a>&nbsp; <a href="https://in.tradingview.com/"> </a>  
At press time, selling pressure was extremely high, ARB is likely to lose more. On the lower side, the price may head towards the $0.7 and $0.65 support levels.&nbsp; 
ARB may find it difficult to reclaim bullish territory due to a lack of buyers in the market. For ARB to make a bullish reversal, the price needs to consolidate to stabilize, followed by a breakout from a key 200 day EMA on the higher side.&nbsp; 
<h3 class="wp-block-heading" id="strong-can-arbitrum-recover-from-record-lows-strong">Can Arbitrum Recover From Record Lows?</h3> 
Arbitrum price crashed to a new all-time low declining 63% from its yearly high in the past six months. The increased selling pressure in the broader market after Bitcoin fell below $60K, has exacerbated ARB’s decline. The intraday transaction volume spiked by 111% to $364.43 Million, suggesting increased selling activity.&nbsp; 
As of press time, the sellers may continue to dominate in the short term and ARB may drop to support levels of $0.7 and $0.65. A bullish reversal seems unlikely without buyer interest and a breakout above the 200-day EMA. 
<h4 class="wp-block-heading">Disclaimer</h4> 
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Arbitrum Price Crashes To An All Time Low: What’s Next?

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Thecoinrepublic.com

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