Arbitrum's ARB loses about 24% in a month as ether drops 13%

Arbitrum’s ARB token has fallen around 24% over the last 30 days, close to double ether’s ~13% drop. Bitcoin dropped about 5% during the same time. Data from CoinGecko shows ARB reached $0.1638 on Oct. 24, its lowest price in four weeks. The token was trading around $0.167 late in the day, down about 5% on the day. Ether lost about 2% and Bitcoin about 1% in the same window. At 10:02 UTC on Oct. 23, ARB was trading at $0.1802, below the $0.183 to $0.186 band that a technical note on Oct. 14 had flagged as a potential retest zone, not a firm floor. The October 14 note had shown ARB at $0.1916. The band gave and price kept slipping.

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