Arbitrum Market Overview: Volatile 24-Hour Downtrend Amid Key Support Tests

Generated by AI AgentAinvest Crypto Technical Radar
Monday, Aug 11, 2025 7:44 pm ET2min read
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Aime RobotAime Summary

- Arbitrum (ARBUSDT) fell from $0.4757 to $0.4547 amid heavy selling, testing key support at $0.4503–$0.4493 and resistance at $0.4624–$0.4635.

- Volume surged during the failed $0.4757 breakout, while MACD turned bearish as price closed below all major moving averages.

- RSI hit oversold levels (24) and Bollinger Bands contracted near $0.4545, signaling potential short-term bounce but unchanged bearish bias.

- Fibonacci support at $0.4503 and failed resistance at $0.4635 highlight risks of further declines without bullish confirmation near key levels.

• Price declined from a 24-hour high of $0.4757 to close near $0.4547 amid heavy selling pressure.
• Key support at $0.4503–$0.4493 and resistance at $0.4624–$0.4635 showed repeated rejection.
• Volume surged during the breakout attempt near $0.4757, but failed to confirm bullish momentum.
• RSI hit oversold territory below 25, suggesting potential for short-term bounce.
•

Bollinger
Band contraction near $0.4545 implies a possible move in either direction.


Arbitrum (ARBUSDT) opened at $0.4635 on August 10 at 12:00 ET and reached a high of $0.4757 before closing at $0.4547 on August 11 at 12:00 ET. The 24-hour low was $0.449, with total trading volume hitting 20.8 million tokens and notional turnover of $9.36 million.

Structure & Formations


The price of Arbitrum experienced multiple failed attempts to break above key resistance levels, with the most notable rejection occurring at $0.4717–$0.4757. A bearish engulfing pattern formed during the early hours of August 11, confirming a shift in sentiment. A doji near $0.4545 later in the day indicated indecision and possible exhaustion of the downward move.

Moving Averages


On the 15-minute chart, price closed below both 20-period and 50-period moving averages, reinforcing the short-term bearish bias. The 50-period line sits at $0.460, while the 20-period line is at $0.463. On the daily chart, price remains below the 50, 100, and 200-period MAs, suggesting a continuation of the broader downtrend.

MACD & RSI


The MACD turned bearish late on August 11, with the line dipping below the signal line and the histogram narrowing. This indicates a waning of bearish momentum. RSI has entered oversold territory, hitting a low of 24, which may indicate a short-term bounce could be in the cards, although a sustained reversal is not yet confirmed.

Bollinger Bands


Bollinger Bands have contracted significantly in the final hours of the 24-hour period, with price settling near the lower band at $0.4545. This consolidation could precede a breakout or a continuation of the bearish trend, depending on how volume reacts.

Volume & Turnover


Volume spiked during the bearish breakout near $0.4757 but failed to follow through, signaling a lack of conviction. The highest volume was observed around $0.4717–$0.4748, while the largest notional turnover occurred near $0.452–$0.455. A divergence between price and volume appears as price drops further but volume does not consistently expand, suggesting the move may not be as strong as it seems.

Fibonacci Retracements


On the 15-minute chart, price found temporary support at the 61.8% Fibonacci level of $0.4503 after a move from $0.4757 to $0.4493. On the daily chart, the 38.2% retracement level around $0.4635–$0.465 has acted as a psychological barrier multiple times.

Arbitrum could experience a short-term bounce from current oversold conditions, but the bearish bias remains intact if it fails to reclaim key resistance levels. Investors should closely monitor volume and price behavior near $0.4624–$0.4635 and be mindful of the risk of further downside in the absence of bullish confirmation.