After a brutal 96% drawdown from $2.42,
$ARB is finally showing signs of life 👀
Price is up 4% today, 8% this week - but the real story isn’t the pump. It’s where it’s happening.
Arbitrum is sitting at the bottom of a multi-year descending channel, inside a high-timeframe demand zone ($0.09-$0.06). Structure looks like early Wyckoff Accumulation:
• Sideways compression
• Repeated demand defense
• Volatility contraction
On-chain? Spot net outflows. Supply leaving exchanges = less sell pressure.
This isn’t breakout mode yet. It’s a patience zone.
📌 Levels that matter:
$0.23 → first structural shift
$0.49 → trend regime change
Below $0.06 → thesis invalidated
When attention fades, accumulation begins. Watch the structure, not the noise.
#ARB