Arbitrum ARB drop pass 10% as dem unlock token, TVL still dey near record
Arbitrum ARB drop pass 10% afta 92.65 million token dem unlock, e strong the bearish pressure. On-chain metrics dem fall sharp: transaction fees dem drop 74% reach 11.62 ETH, daily transactions fall 4.7%, new addresses drop 46% and verified contracts fall 11.8%. Funding rates and open interest dem reduce as trader sentiment weak. ARB dey test key support for $0.48 after e reject near $0.60; if e no fit hold dis flip zone, e fit drop go $0.43, but if e rebound, e go try $0.60. Despite di sell-off, Arbitrum Total Value Locked rise to $5.59 billion, near e $6.17 billion peak, and decentralized exchange plus perpetual volumes still strong at about $905 million and $870 million. Traders suppose dey watch di upcoming token unlock schedule, on-chain moves, and flip-zone levels for possible trading opportunities or more fall.
Bearish
Di price for ARB don fall because pipo dem dey sell short term tokens wey dem no lock and di weak on-chain metrics. More supply wey enter market plus di fall for transaction fees, volumes and new addresses dey show say network demand dey reduce. Technical indicator dem still bearish with MACD divergence and one failed flip zone test, wey fit mean say price fit still fall to $0.43. Even though TVL resilience show say liquidity strong, di way wey pipo dey feel and di plenty supply fit still make ARB dey under pressure for short term, and any recovery go depend on how network activity go rise again or how token unlocks go slow down.