Cryptocurrency Arbitrum (ARB) has gained nearly 7% in the past day, signaling a potential bull comeback and attracting attention from enthusiasts. The altcoin is in a descending triangle formation, which could lead to explosive upsurges if a breakout occurs. One analyst predicts an initial move to $1.0690 upon the breakout, with targets at $1.3053 and $1.5804. However, bearish sentiments are evident in ARB's chart, with the token experiencing selling pressure that has pulled its price down. On-chain data and indicators also suggest delayed revivals, with reduced activity from new participants and dwindled interest from large investors. Technical indicators indicate weak momentum and reduced money entering the ARB ecosystem. The trajectory of ARB will depend on its ability to maintain stability above the $0.68 mark.



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