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Steven Walgenbach

Arbitrum Range Narrows: ARB Tests $0.2206–$0.2226 Cap, $0.2002 Support

Arbitrum is consolidating on the daily timeframe, with price held between resistance at $0.2206–$0.2226 and a support shelf at $0.2002. Momentum gauges show fading downside while ARB trades under short and medium moving averages. A daily close above $0.2226 or a break under $0.2002 would likely determine the next directional move.