The native token of Arbitrum, ARB, is facing challenges in a bearish market. However, it has seen a surge in large transaction volumes, indicating interest from whales and long-term holders. Despite breaching a crucial support level, there are signs that this breakdown could be a fakeout. Investors and long-term holders are also accumulating ARB tokens, as shown by a significant outflow from exchanges. Currently trading at $0.625, ARB is experiencing a modest price decline and is supported at $0.61. If the support level is not held, there is a possibility of a 25% price decline to the next support level at $0.47.



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