• ARB price drops 3.98% in 24 hours, extending weekly losses to 24.85%.
• Trading volume declines sharply by 35.32%, showing reduced buying interest.
• Analysts highlight $0.430 as a crucial resistance zone for trend recovery.
• Open interest rises slightly, signaling active but uncertain market sentiment.

Arbitrum (ARB) remains under strong bearish influence as its price continues to slide. Over the past 24 hours, the token has declined by nearly 3.98%, extending its weekly losses to about 24.85%. At press time, the token is trading at $0.3288, reflecting a steady downward move.

The drop in 24-hour trading volume by 35.32% to $262.58 million highlights reduced market activity, while the market capitalization has also fallen to $1.77 billion. This suggests that both short-term traders and long-term holders remain cautious amid growing uncertainty in the broader crypto market.

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Technical Breakdown Highlights Crucial Resistance Zone

The ARB daily chart shows a decisive breakdown from an ascending trendline, followed by strong selling activity. The price now hovers just above $0.3290, sitting below major resistance levels. Analysts identify the $0.4300–$0.4500 region as the most critical zone to watch. This range once served as strong support but has now turned into resistance.

Reclaiming this zone could signal a return of bullish momentum, potentially paving the way toward higher resistance levels near $0.4933, $0.5466, and $0.6133. Each level represents a key step in restoring the uptrend.

Until ARB is able to breach above $0.4300, the current structure signals continued price declines. Failure to hold above current levels may shift the token again to retest its lower support level around $0.25, which has been observed during sudden market corrections.

ARB Derivatives Data Reflects Growing Optimism

ARB open interest is standing at $154.58 million and is showing a +0.87% change. This higher OI indicates increased trader activity in spite of the recent downward move. Price highs have corresponded to the sharpest increases in OI and volume in the past, signaling speculative heat.

The OI-weighted funding rate is 0.0033% and indicates a marginal long bias in position. But the sudden fall into the negative funding indicates aggressive short interest. This mismatch between the declining price and positive funding indicates the presence of pinched longs. On the whole, the market indicates mixed sentiment by mixing bearish price action with caution.

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