Key Insights:
- Arbitrum trades near $0.26, down 89% from highs, testing $0.20–$0.30 support range.
- Futures open interest drops to $118M, reflecting reduced speculation and cautious positioning.
- RSI nears oversold while MACD flattens, showing weakening downside momentum in the current zone.
Arbitrum (ARB) was now trading at $0.2662, down over 5% in the past 24 hours and nearly 18.5% in the last week. The token has fallen about 89% from its all-time high of $2.10, reached in early 2024. It continues to move within a long-term downtrend, with lower highs forming beneath a descending trendline.
Current price levels place ARB in the $0.20–$0.30 range, which has acted as support throughout 2025. The zone has seen frequent rebounds over the past several months, suggesting that buyers may be stepping in again. Recent price candles have closed just above $0.25, showing some defense near this area.
RSI and MACD Indicate Weak Momentum
The daily chart shows the Relative Strength Index (RSI) at 33.52, just above the oversold level. This reading suggests that momentum is low, though not yet at extremes. RSI is still below its signal line, meaning pressure remains on the downside, but traders may be watching for signs of reversal.
The MACD remains in negative territory. The MACD line is slightly below the signal line, and the histogram is flat. While there’s no sign of a reversal yet, a slowing decline could point to weakening momentum. A crossover would be needed to shift the current trend.
Futures Open Interest Drops to $118M
Data from Coinglass shows that ARB futures open interest now stands at $118.41 million, far below the peak of over $400 million in late 2023. The decline in both price and open interest points to reduced market activity. Traders appear cautious, with fewer large speculative positions being held.
Some suggest this may reflect early signs of accumulation, but not all are convinced. “There could be accumulation here, but the drop in open interest also shows hesitation,” said one trader.
Next Levels to Watch
If ARB finds support near current levels, the next key resistance levels are around $0.58, $1.20, and the previous high at $2.10. These areas have previously stopped rallies and may again act as barriers.
At press time, the price was holding just above the lower edge of the $0.20–$0.30 range. A clean break below may open the way for further losses, while stability in this zone could mark the start of a base forming.
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Source: https://coincu.com/uncategorized/arbitrum-crashes-89-is-0-20-the-next/