Arbitrum $ARB — Weekly Timeframe | Global Outlook
On the weekly timeframe, Arbitrum has completed a deep corrective decline, structured as a five-wave move to the downside within a descending channel. This is a key technical point, as a breakout from the corrective channel often signals the completion of a full correction phase.
When applying the Fibonacci retracement from the current price, a potential rebound to at least the 0.5 (50%) level appears technically justified. This level aligns with the marked blue horizontal zone, which implies a possible upside of up to ~600%.
It is important to keep in mind:
- this analysis is based on a large timeframe (weekly)
- the move may take 1–2 years to fully develop
- market volatility is always present, and nothing is guaranteed
However, historically, after extended and strong corrections, altcoins often experience powerful impulsive moves to the upside, especially once accumulation is completed.
👉 From a spot perspective, I would be comfortable holding ARB even during a deep drawdown. This decline does not indicate weakness; rather, it suggests the completion of a strong corrective phase, which is typically followed by high-quality upside impulses.
