Arbitrum (ARB) plunged amid mounting selling pressure, extending its recent streak of bearish momentum. As of February 24, 2026, the token fell 3.8% in the last 24 hours. Over the past week, the token declined roughly 19%, signaling strong market weakness.
At the time of writing, the token is trading at $0.01470, supported by ongoing market activity. Its 24-hour trading volume stands at $80.5 million, reflecting a 4.22% decrease. Meanwhile, market capitalization is valued at $536.03 million, down 3.94%, as per the CoinMarketCap data.
Also Read: Arbitrum (ARB) Gains 5.85% as Traders Eye $0.12 Resistance Break
Technical Patterns Show Prolonged Bearish Pressure
According to the crypto analyst Jonathan Carter, the token has been trading in a clear descending channel since late 2023, showing persistent bearish pressure.
Price recently hit the lower boundary near $0.0916, with a volume spike suggesting accumulation, and support between $0.091 and $0.096 remains strong.
Intraday upside targets for the token are pegged at $0.120 and $0.180, corresponding to the earlier swing highs. If the bullish momentum continues, the price may move towards $0.250, which is the midpoint resistance of the falling channel.
A breakout above the upper boundary of the descending channel would reverse the pattern to bullish. The major resistance levels are at $0.630, $0.920, and $1.050, while the target level is extended to $2.100.
There is a hint of a possible bounce from the support zone, indicating a parabolic move if the token remains above $0.096.
RSI, MACD Show Oversold Market Conditions
The RSI value for the token on a weekly chart is 27.21, which is significantly oversold. The fall in the RSI value indicates consistent selling pressure since the end of 2025, with minor pullbacks that never actually reached the 50 level, which is the middle point of the RSI index, according to the TradingView chart.
The MACD is at -0.07430, the signal line is at -0.06829, and the histogram is at -0.00601, indicating strong bearish momentum. As long as the MACD is below zero, the strength of buying power remains weak.
The slightest increase in the histogram indicates a slight pause in the selling pressure, but the trend for the token remains negative.
Why This Matters
Monitoring ARB’s key support levels closely allows traders to identify potential reversals before they happen and develop well-thought-out risk management strategies.
By interpreting technical analysis, traders and investors can make well-informed decisions while containing potential risks.
Also Read: Arbitrum (ARB) Reports $6.74 Million in Timeboost Revenue
