The Arbitrum price (ARB) has declined by more than seven percent in the past 24 hours, currently trading at around $0.43. The decline places ARB among the top market losers of the day, despite its ecosystem showing strong network activity.
With traders torn between improving fundamentals and short-term technical pressure, market sentiment remains cautious as the token nears a key support level.
What’s Driving Arbitrum’s Performance
Data from DeFiLlama shows that Arbitrum’s total value locked (TVL) is steady at about $4.1 billion. According to Token Terminal, the total value in its ecosystem exceeds $15 billion, representing a 45 percent share of the Layer-2 market.
Arbitrum leads in network activity with more than 190,000 active addresses and nearly $1 billion in daily trading volume on decentralized exchanges.
Despite these strong numbers, prices are weak. Over the past month, revenue from network fees has been around $2 million, down slightly from September.
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Traders seem to expect the token unlock on October 12, which will put about 40 million ARB, worth around $17 million, into circulation. This event might cause temporary selling pressure as supply increases.
Arbitrum Price Technical Outlook
Traders are watching how the Arbitrum price acts around important levels. The token is now trading at around $0.42, with stronger support at $0.36, where buyers have typically stepped in. On the upside, $0.475 is the first major hurdle, with stronger resistance near $0.60.
The Relative Strength Index is close to 49, showing no clear strength or weakness. The ADX reading is around 21, suggesting that the current trend is weak. The Supertrend signal is also bearish, indicating that sellers still hold the advantage, despite a slight increase in trading activity.
Market analysts see two possible paths. Crypto Zayn believes a break above $0.475 could open room for a move toward $0.62 as buying pressure returns. Open4profit, on the other hand, notes a breakdown from the previous uptrend on the four-hour chart, warning that failure to hold $0.42 could drag the price toward $0.36.
If Arbitrum coin stays above that $0.42 line, a rebound toward the $0.47 zone may be possible. But losing that support would likely send the token back into its lower trading range, where long-term holders have typically accumulated.
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