Arbitrum (ARB) Price Pattern Points to a Potential 25% Drop – New Yearly Low Possible?

The Arbitrum (ARB) price risks breaking down from a corrective pattern that has been in place since June 10. Doing so will confirm that the trend is bearish and can lead to a new yearly low. The price action, RSI readings, and wave count all indicate that the trend is bearish. Therefore, they legitimize the breakdown and suggest the downward movement will continue. Arbitrum Price Risks Sharp Fall Due to Breakdown On July 16, the ARB price broke out from the $1.25 horizontal area. At the time, it seemed like the price had broken out, and this was the beginning