Arbitrum (ARB) extended losses on Feb. 21, falling 6.81% over 24 hours to $0.09661. The session ranged from $0.09538 to $0.1043, with sellers pressing throughout the day.
Trading volume climbed 53.99% to $71.75 million, even as the total crypto market cap was virtually unchanged. Bitcoin price slipped just 0.15%, leaving ARB to absorb outsized downside in a market still gripped by Extreme Fear, with the index at 14. The ARB price now sits just above its all-time low of $0.09298, printed two days ago.
Arbitrum Price Compresses Near Support as Capital Exit Continues
Arbitrum faced renewed pressure as $41.8 million in capital exited the ecosystem over the past 24 hours, according to data from Artemis. The outflow compounds an already weak trend and reinforces near-term stability concerns around ARB price action.
At the same time, the network reported cumulative Timeboost fees of $6.74 million. Of that total, 97% accrued to the Arbitrum DAO and 3% to the developer guild. Revenue generation continues, but the Arbitrum price has not followed.
On the 3-day timeframe, analyst Butterfly notes that the ARB price is consolidating near the lower boundary of a descending channel, now converging around the $0.095–$0.097 area.
That aligns closely with the intraday low of $0.09538 and keeps immediate support defined just above the $0.09298 all-time low. Buyers have stepped in along that lower rail, preventing a clean breakdown.
Another well-followed cryptocurrency analyst, Nehal, focuses on a broader falling wedge that formed after the prolonged decline from $2.40. Price is compressing toward the apex of that wedge, with resistance defined by the descending upper trendline that has capped each lower high.
A confirmed weekly close above that resistance would be required to shift the structure and open a path back toward the $2-plus supply zone.
Until that break occurs, resistance remains defined by the upper bounds of the channel and wedge. Support is anchored near the recent $0.09298 low. Volume expanded on a red session, suggesting selling pressure has not fully faded.
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