• Arbitrum is trading at $0.488943, slipping nearly 5% in 24 hours, with support $0.48.
• ARB market capitalisation is $2.59B with $852.70 million in traded volume and 0.07%
• Open interest declined 7.60% to $386.69 million, while derivatives trading volume rose 2.82% to $888.76 million.

Arbitrum (ARB) is struggling at $0.488943 after dropping nearly 5% in the last 24 hours. Sentiment remains cautiously bullish, and analysts are showing bearish momentum with support at $0.48 and resistance at $0.52.

The token has a market capitalization of $2.59 billion and a trading volume of $852.70 million in the corresponding period and holds a market dominance of 0.07%.

Both highs and lows have marked the journey of Arbitrum. Its all-time high was on March 23, 2023, when the token had a high of $8.67, capturing strong attention across the market. The token dropped sharply from that point and hit an all-time low at $0.243839 on April 7, 2025. Since that low point, ARB has increased up to $0.621606 before falling back into the range that it is in right now.

Despite the latest downturn, sentiment around Arbitrum remains cautiously bullish, according to prediction models. Meanwhile, the Fear & Greed Index is presently at 39 and indicates a condition of fear among market players.

ARB Resistance Emerges Near $0.52 Zone

Crypto analyst highlighted in an X post, from a technical standpoint, the ARB/USDT pair is still in a downtrend. The market is currently below the main moving averages and is showing a strong sell-side momentum. 

The Relative Strength Index (RSI) has approached the oversold zone and might signal a short-term recovery. However, the MACD indicator is still giving negative signals, which leaves the potential for the price to go down further.

Going further, the immediate support level is $0.48, and resistance is present at approximately $0.52. Market analysts recommend watching trading volumes closely as a surge could confirm whether ARB is either picking up strength for a rally or falling further into the bear trend.

Also Read | Arbitrum (ARB) 2025 Forecast: Will the Crypto Hit $2.40 Again?

Arbitrum’s Derivatives Market Shows Cautious Sentiment

Arbitrum derivatives market shows a sudden dip in open interest that fell by 7.60% to $386.69 million, but the trading volume increased by a rise of 2.82% to $888.76 million. This indicates that while more trades are going on in the near-term time frame, investors are unwinding or settling their long positions.

The chart traces the shift with oscillating spikes in the volume that reveal higher speculative activity but weaker sustained confidence in holding contracts.

On the other hand, the OI Weighted Funding Rate is at 0.0110%, with a minor positive tilt. That means that longs are paying the shorts and demonstrates a minor bullish run in sentiment in the face of the open interest loss.  

Though overall market sentiment is cautioned at the moment, the funding data reveals that the purchasers are still slightly more aggressive and keep the market from being bearish.

Also Read | ARB Price Holds Steady at $0.4952, Eyes Breakout to $0.5247