Arbitrum Tests Critical Support as Layer-2 Token Battles Through 18.7% Weekly Decline
Arbitrum’s native token ARB has endured a devastating drop of 18.7% over the past week, with price action tumbling from recent highs to settle at $0.2107. The sell-off accelerated after Upbit’s unexpected deposit suspension announcement hit the wires, triggering stop-loss cascades that pushed the token down through multiple support levels. The main question for traders is: can ARB defend the critical $0.1864 monthly low, or will liquidity concerns drive another leg lower?