Arbitrum ARB price is still in the downward trend

29 Tem

Everything that was given away relatively “for free” by ARB , STRKSUSD , WW - you can write your own options in the comments - is mercilessly falling in price.

For example, #Arbitrum was distributed for $1 billion+, and now the “happy ARB holders” are patiently waiting for someone to buy this “very necessary asset” and they will sell it at a x3 premium)))

And who needs an ever-falling asset?
Well, certainly not retails ... and it does not "exist" at the current stage of the market...
“Big money” - maybe, but before that, they need to be able to buy out the ‘controlling stake’ of coins at a very laaaarge discount. And only then can they start a systematic pumping.

Therefore, in our opinion, until the ARBUSDT price breaks through the blue trend line and consolidates above $0.80, it is not worth looking in its direction, because there will be no "power" and money there.

_____________________
Did you like our analysis? Leave a comment, like, and follow to get more