The cryptocurrency Arbitrum (ARB) is experiencing a bearish trend, with its price declining and forming lower highs and lower lows. It is currently trading near the lower boundary of a descending channel and has seen some short-term buying activity. However, overall momentum remains bearish, and a breakout above resistance is needed for a potential recovery. A falling wedge pattern suggests possible trend exhaustion, and a breakout above resistance could signal a shift in market sentiment. Traders are targeting a potential 121.66% gain if the price breaks out above $0.95. While ARB remains below key moving averages, the demand zone between $0.30 and $0.40 has seen accumulation, and sustained volume with a breakout could drive prices higher.



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