Arbitrum’s Bearish Trajectory: Is a $0.137 Support Line the Key to Reversal?

Arbitrum ($ARB), once a bright star in the layer-2 scaling solutions space, has been trapped in a two-year downtrend, losing nearly 90% of its value since hitting its peak in 2024. Currently hovering just above the crucial support level of $0.137, Arbitrum’s fate may hinge on whether this threshold holds or breaks down. A breakdown could trigger further declines, potentially reaching as low as $0.10, while a successful bounce from this critical line could lead to a 20-30% upside.