Arbitrum Price Clings to $0.16: Half the Rally Is Gone

ARB was down 3.13% near $0.16 on Binance, sitting on the 50% Fibonacci retracement, a level marking how much of a rally from about $0.07 to $0.26 has been given back. The token has fallen about 36% from that peak and has handed back roughly half of the rally; the 50% level is near $0.164. Above it, the 50-day simple moving average near $0.19, the 38.2% retracement near $0.185 and a broken rising trendline form a resistance cluster, with the 61.8% level near $0.14 as the next support. The daily relative strength index (RSI) was 40.34, below its 47.80 signal line but above the 30 oversold mark, and volume was 12.14 million ARB, about $2 million at current prices.