Arbitrum Rallies but Aug 16 Unlock Could Stall Momentum
I’m watching Arbitrum after a 15.72% jump to $0.56 as several technical indicators have turned bullish, signaling short-term upside momentum.
However, a 92.65 million ARB token unlock scheduled for August 16 presents a clear near-term headwind that could trigger selling pressure and cap the rally.
I’ll wait for confirmed price and volume behavior around the unlock before committing more capital; consider trimming gains or buying on weakness if a dip forms post-unlock.
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Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.