A lot of talk is there that $ARB will dump hard as there is going to be a big supply unlock, will that happen ? Lets briefly talk about it both fundamentally and technically.

It is true that when there is more supply in the market the price will drop. Basic economic rule right?

But it doesn't end here. The price is also depends on demand.

"if there is enough demand for #ARB the market will easily absorb the new supply without change in the price"

We are in the bull market and the bull markets can do unexpected wonders.

We also noticed Ethereum's Dencun Upgrade Goes Live 2 days back and the upgrade will dramatically cut costs for interacting with layer-2 networks. #ARB is layer 2 protocol, the more people interact with it's network the more benefit it will get.

ARB Technical Analysis

Looking at the ARBUSDT chart, Technically price is still holding above the key weekly zone $1.69- 1.82. As long as we don't see it break below this zone and holds below it there is no technical reason to be bearish on ARB in my opinion.

ARB/BTC Pair ( Second picture)

The BTC pair continuously going down for 3 months now. ARB is down almost 50% against BTC clearly shows on which side the majority of traders are betting. How low you think it will go being 50% down already ?

In my experience the unlock news is already priced in and i don't think it is a right time to say that ARB will go down knowing the fact that

- ARBUSDT pair is holding bullish weekly structure

-ARB/BTC pair is already down almost 50%

- We are in a bull market

-Dencun upgrade can increase the demand for layer 2.

Keeping all this information in mind i do not think it's a right time to be bearish on ARB and call for lower prices.

In my opinion the affect of token unlock is already priced in and the market makers may do the opposite of what people think.

Everything i shared is my personal opinion you don't have to agree with it. Everyone should have their personal opinions.

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