CandleFocus Arbitrum’s Upcoming $48.5M Token Unlock Sparks Price Volatility Concerns
2024-11-06
Author: Content Editor
Arbitrum, a cryptocurrency, is scheduled to have a token unlock event on November 16th, 2024, releasing 92.65 million ARB tokens worth around $48.5 million. Previous token unlocks have led to price volatility, with a significant drop observed earlier this year. Investors are closely monitoring price trends and technical indicators to anticipate market reactions. Currently, ARB is trading at $0.5179 with a 7.57% daily gain, showing a bullish sentiment. Key support levels are at $0.49 and $0.48, while resistance levels are at $0.52 and $0.53. The 4-hour RSI is neutral, and the MACD suggests weak bullish momentum. This information is for informational purposes only and does not constitute financial advice.
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