Arbitrum's ARB Token at a Historic Low, Market Eyes Possible Accumulation Phase

Arbitrum's (ARB) native token is currently flirting with historic lows, trading at a level nearly 96% below its all-time high (ATH) from 2024. Amidst the downturn, crypto traders and market analysts are speculating that the token may be entering a long-term accumulation phase, which could potentially herald a trend reversal in the future. Technical indicators reveal ARB is compressed at a high-timeframe demand zone, a potential signal of decreasing selling pressure and a tell-tale Wyckoff accumulation pattern. Despite the potential bullish setup, traders are cautious, observing key resistance levels that must be surpassed to confirm a bullish structure, with a breakdown below the current levels risking invalidation of the accumulation scenario. This cautious sentiment echoes the high beta nature of ARB, whose price action tends to react strongly to broader market movements. Investors and traders are thus keeping a close watch, prepared to adjust their strategies based on structure confirmation or invalidation signals.