Arbitrum (ARB) Daily Market Analysis 23 February 2026

Arbitrum faces bearish pressure despite network growth – here's the latest: • ARB price down 8.03% in 24 hours and 20.10% over 7 days, underperforming the broader market • Technical indicators show oversold conditions with key resistance at $0.1329 for any potential reversal • Robinhood Chain testnet launch (10 February 2026) drove 4M+ transactions in first week, boosting network activity • Price decline exacerbated by $133M+ ETF outflows and derivatives contraction, signaling institutional retreat • ARB trading below all major moving averages with high probability of further declines in near term