Looking at the chart today, ARB continues to show a clear correction and accumulation phase after a hot rally at the beginning of the week:
Trading around the $0.1317 mark. The price is moving sideways and consolidating within a narrow range compared to yesterday.
It has cooled down a bit more, dropping to 54.81. This is a completely neutral zone. The buying pressure (FOMO) has temporarily paused, creating space for the market to establish a more solid new base.
The Histogram bar has shifted to a slight negative zone at -0.0005. This confirms that the short-term momentum is slightly leaning towards the sellers or simply a pause to take profits before the weekend.
The chart doesn't show anything too bad. The retreat to around $0.13 after reaching $0.145 is a very healthy price action. It indicates that ARB is trying to turn the old resistance zone into a new support zone.
According to the preliminary report this morning, this week the Arbitrum network recorded a positive net inflow, mainly due to the buying/selling of RWA (Real World Assets) from institutional finance funds mentioned earlier in the week.
Friday is usually when traders tend to close leveraged positions to avoid volatility risks on Saturday and Sunday (when liquidity is low). Therefore, the slight decrease in trading volume today is completely understandable.
The number of Layer-3 projects operating on Arbitrum has just officially hit a new milestone, reinforcing this network's leading position in the custom chain space.
The $0.128 - $0.130 threshold is a very strong support layer. If #ARB closes the week (Sunday candle close) above this level, the medium-term bullish trend from the bottom at $0.0858 remains absolutely safe.
Next week, if buying interest returns, ARB needs to reclaim the $0.14 level to confirm that the current correction phase has ended.
#GateSquareMayTradingShare
Trading around the $0.1317 mark. The price is moving sideways and consolidating within a narrow range compared to yesterday.
It has cooled down a bit more, dropping to 54.81. This is a completely neutral zone. The buying pressure (FOMO) has temporarily paused, creating space for the market to establish a more solid new base.
The Histogram bar has shifted to a slight negative zone at -0.0005. This confirms that the short-term momentum is slightly leaning towards the sellers or simply a pause to take profits before the weekend.
The chart doesn't show anything too bad. The retreat to around $0.13 after reaching $0.145 is a very healthy price action. It indicates that ARB is trying to turn the old resistance zone into a new support zone.
According to the preliminary report this morning, this week the Arbitrum network recorded a positive net inflow, mainly due to the buying/selling of RWA (Real World Assets) from institutional finance funds mentioned earlier in the week.
Friday is usually when traders tend to close leveraged positions to avoid volatility risks on Saturday and Sunday (when liquidity is low). Therefore, the slight decrease in trading volume today is completely understandable.
The number of Layer-3 projects operating on Arbitrum has just officially hit a new milestone, reinforcing this network's leading position in the custom chain space.
The $0.128 - $0.130 threshold is a very strong support layer. If #ARB closes the week (Sunday candle close) above this level, the medium-term bullish trend from the bottom at $0.0858 remains absolutely safe.
Next week, if buying interest returns, ARB needs to reclaim the $0.14 level to confirm that the current correction phase has ended.
#GateSquareMayTradingShare
