Will Arbitrum ($ARB) Bounce Back? Key Support at $0.4633 Suggests Potential Reversal

Arbitrum ($ARB) is facing a significant price downturn, with the cryptocurrency testing crucial support levels as it navigates bearish market pressure. Recent analysis suggests that a rebound from this level could push prices towards key targets of $0.3436, $0.4043, and the important $0.4633. While experiencing a recent price decline of 2.81%, the cryptocurrency’s total value locked (TVL) remains strong at $2.71 billion, highlighting its robust fundamentals despite the market volatility.