Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900 
Ethereum Cracks Below $2,000 as Bitcoin Contagion Bites—Bearish EMA Stack Sets Sights on $1,700 
Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course 
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Cracks $75K as $1.3B ETF Exodus and Middle East Jitters Spook Bulls; Bears Eye $70K 
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
FxWirePro- Major Crypto levels and bias summary 
 - EconoTimes)
Arbitrum (ARB) will unlock 92.65 million ARB tokens, which is about 2.20% of the total supply of 4.21 billion ARB tokens on January 16, 2025. It is a pretty important event as it introduces new tokens in significant amounts worth about $70.9 million into the market.
The unlock date is January 16, 2025. The current price of ARB is about $0.880, a recent increase of around 6.35%. The market cap for Arbitrum is at about $3.7 billion with a trading volume of about $540 million.
When these tokens start unlocking, that may mean the selling pressure as people can begin trading in them. Dealers and investors would have to remain vigilant concerning the price since this is an event of a kind most likely to swing prices. The event falls into the general context of January 2025; several cryptocurrencies begin experiencing heavy unlocks of tokens within projects valued more than $7 billion. Such may, of course, cascade down to an effect on feelings and behaviors around the entire crypto space.
|
Round |
% of Allocation |
|
Team & Advisors |
+2.08% (+56.12M tokens) |
|
Investors |
+2.08% (+36.51M tokens) |
ARBUSD major resistance and support
Major resistance- $1
Major support - $0.65
