Arbitrum’s ARB drops 24% in 30 days, outpaces ether’s slide, targets $0.50 rebound

Arbitrum’s ARB token has declined by approximately 24% over the past month, significantly underperforming both ether and bitcoin over the same period. According to market data, ARB hit its four-week low at $0.1638 on October 24, closing the day near $0.167 with a 5% daily decrease. During these 30 days, ether’s value dropped about 13% and bitcoin fell 5%, demonstrating milder price corrections compared to ARB. Data points to ether sliding by 2% and bitcoin by 1% over the same daily window in which ARB fell sharply. At 10:02 UTC on October 23, ARB was trading at $0.1802, below a previously observed band of $0.183 to $0.186 that technical analysis had cited as a possible retest area. Back on October 14, ARB had stood at $0.1916.

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