Arbitrum experienced a significant price drop of over 10% within 24 hours, impacted by bearish market conditions and weak on-chain metrics. Its Total Value Locked (TVL) showed resilience, reaching $5.59 billion, close to all-time highs.
ARB must maintain its price above the $0.48 support level to avoid further decline to $0.43. As it stands, with broader market capitalization at $3.97 trillion and losses across the board, ARB’s struggle against these pressures is critical.
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