ARB Consolidates Near $0.5156; 2x Upside Potential Remains as Resistance Holds

Arbitrum (ARB), currently trading around $0.5156, has experienced a notable 10.4% drop over the past week. Despite this decline, the token retains a critical support level at $0.4936. Traders are closely watching for a breakout above the key resistance at $0.5173, which has limited gains in recent sessions. Technical projections suggest a potential 2x rally to the $1.00 mark if price holds near current levels.