ARB dropped 7.62% in the past 24 hours, with aggressive spot selling pushing the token to the lower edge of its Bollinger Band. The decline leaves the $0.18 support level as the next line of defense for the cryptocurrency.
Selling pressure builds in spot markets
Order books show a steady stream of market sells hitting ARB, with little offsetting demand. The selling isn't isolated to one venue; it's showing up across spot pairs, which suggests broad-based distribution rather than a single whale. That kind of one-sided flow tends to accelerate once key technical levels break, and ARB is now testing exactly that scenario.
Why the lower Bollinger Band matters
The lower Bollinger Band isn't a magic number, but it does mark the bottom of a recent trading range. When price rides that band, it means volatility is expanding to the downside. For ARB, that's happening on heavy volume, which makes a quick bounce less likely. Traders often watch for a close below the band followed by a failed recovery to confirm further weakness.
The $0.18 line in the sand
All eyes are on $0.18. If ARB holds there, it could stabilize and form a base. But if sellers push through, the next leg down could be sharp because there's little obvious support below that level. The token's ability to defend $0.18 will likely determine whether this is a routine pullback or the start of a deeper slide.
For now, the trend is clear: sellers are in control. Until buying interest returns, ARB remains vulnerable to further losses.
