Token

bullish

Arbitrum

Coin

<ul class="wp-block-list news-points">
 <li><strong>Upcoming ARB token release may drive increased volatility in November trading.</strong></li>
 <li><strong>Key support levels at $0.49 and $0.48 could cushion against possible price dips.</strong></li>
 <li><strong>Breaking $0.53 resistance may confirm a bullish trend despite new token supply.</strong></li>
</ul>
<p>Arbitrum is approaching another major token unlock, scheduled for November 16th, 2024. Token Unlock data shows that 92.65 million ARB tokens, worth roughly $48.5 million, will be released, primarily to the Arbitrum team, advisors, and investors. This event has sparked considerable interest due to the price volatility seen after previous unlocks.</p>
<p>Earlier this year, Arbitrum unlocked 1.1 billion tokens worth about $2.32 billion, which triggered a significant price drop from $2.10 to $0.52. As the next unlock nears, investors are closely watching price trends, support and resistance levels, and technical indicators to anticipate potential market reactions.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="471" height="866" src="https://coinedition.com/wp-content/uploads/2024/11/Screenshot_102.png" alt="" class="wp-image-540772" srcset="https://coinedition.com/wp-content/uploads/2024/11/Screenshot_102.png 471w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_102-163x300.png 163w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_102-380x699.png 380w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_102-48x89.png 48w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_102-242x445.png 242w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_102-134x247.png 134w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_102-131x240.png 131w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_102-90x165.png 90w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_102-115x211.png 115w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_102-38x70.png 38w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_102-41x75.png 41w" sizes="(max-width: 471px) 100vw, 471px">
  <figcaption class="wp-element-caption"><em><strong>Source: <a href="https://x.com/Tokenomist_ai/status/1854061145868623963" target="_blank" rel="noopener noreferrer nofollow">Twitter</a></strong></em>
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="h-current-price-movements-and-key-support-levels">Current Price Movements and Key Support Levels</h2>
<p>As at press time, <a href="https://coinedition.com/arbitrum-arb-price-prediction/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">ARB</a> is trading at <a href="https://coinmarketcap.com/currencies/arbitrum/" target="_blank" rel="noopener noreferrer nofollow">$0.5179</a>, reflecting a daily gain of 7.57%. The token has rebounded from a recent low of around $0.481, reaching a high near $0.53 before a minor pullback. This suggests…</p>
<p>The post <a href="https://coinedition.com/arbitrums-upcoming-48-5m-token-unlock-sparks-price-volatility-concerns/" rel="noopener noreferrer nofollow">Arbitrum’s Upcoming $48.5M Token Unlock Sparks Price Volatility Concerns</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Arbitrum’s Upcoming $48.5M Token Unlock Sparks Price Volatility Concerns

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