Arbitrum (ARB) extended its bearish trend, declining 3.8% in 24 hours and 19% over the past week. The token is currently trading at $0.01470 as technical analysis from crypto analyst Jonathan Carter indicates it has been in a descending channel since late 2023. Key support lies between $0.091 and $0.096, while resistance levels are noted at $0.120, $0.180, and $0.250.
The Arbitrum token declined sharply amid sustained selling pressure, with its weekly drop reaching approximately 19%. As of February 24, 2026, the token’s market capitalization stood at $536.03 million alongside a 24-hour trading volume of $80.5 million, per data from CoinMarketCap. Crypto analyst Jonathan Carter noted the token has been trading in a clear descending channel since late 2023, showing persistent bearish pressure.
Price recently tested the lower channel boundary near $0.0916, where a volume spike suggested potential accumulation. Immediate support is identified between $0.091 and $0.096, which could provide a base for potential rebounds. Short-term upside targets include the $0.120 and $0.180 levels, corresponding to earlier swing highs.
A breakout above the channel’s upper boundary would signal a potential reversal of the bearish pattern. Major resistance levels beyond that are noted at $0.630, $0.920, and $1.050, with a further target at $2.100. Weekly chart indicators show an RSI of 27.21, a level considered significantly oversold according to a TradingView chart.
The MACD indicator reading of -0.07430, with a signal line at -0.06829, confirms strong bearish momentum. The histogram at -0.00601 indicates only a slight pause in selling pressure, with the overall trend remaining negative. Monitoring these key technical levels allows traders to identify potential reversals and manage risk.
