Arbitrum (ARB) Experiences Significant Decline, Short-term Recovery Amid Long-term Downtrend

The current price of Arbitrum (ARB) stands at Rp 4,596, which is approximately $0.279975. Over the past 24 hours, it has declined by 2.68%, reaching a low of Rp 4,428 and a high of Rp 4,787 within that period. The recent short-term changes show a 3.64% increase in the last hour but an overall 2.68% decrease in the past 24 hours. Looking at longer-term performance, the asset has experienced significant declines: 15.44% over a week, 19.05% over two weeks, and 34.44% over the last 30 days. Over the past 60 days, it fell by 15.46%, and over the last 200 days, the decline is approximately 72.56%. Year-to-date, ARB has decreased by around 65.17%. This suggests a sustained downtrend in its value, reflecting potential lingering bearish sentiment. However, a recent recovery in the last hour might indicate some short-term stabilization or buying interest. Investors should carefully consider these factors before making any decisions.