Arbitrums 22M ARB transfer sparks concern – Why traders watch THIS support
Arbitrum-linked wallets transferred 22 million $ARB worth approximately $2.3 million to Coinbase during the last 24 hours, drawing attention to potential supply entering the market. Data showed that one wallet still held 55.89 million $ARB valued at $5.87 million, while Arbitrum:Gnosis retained 85.22 million $ARB worth $8.94 million. However, the broader exchange picture pointed in a different direction. Over the past seven days, nearly $11 million worth of $ARB left centralized exchanges, indicating that investors continued moving tokens into self-custody. This contrast highlighted a growing tug-of-war between possible distribution from team-linked wallets and steady accumulation from market participants. Can $ARB defend its final support? Price action weakened considerably after $ARB fell below its ascending channel, which had guided the recovery from March through early May. Following the breakdown, sellers pushed the token toward the critical $0.1006 support level, where $ARB traded near $0.1028 at press time. The decline also placed the market well below the $0.1164 resistance zone and significantly beneath the major barrier at $0.1447. The MACD line remained below the signal line, while the histogram stayed negative despite showing reduced downside pressure compared to earlier readings. Although selling activity eased slightly, buyers had not yet reclaimed key levels. Therefore, $ARB remained vulnerable unless demand returned









