The price of Arbitrum (ARB) has fallen below $2, sparking concerns among investors. Despite its initial promise, ARB's value continues to decline, leaving investors wondering if the downward trend will continue.

The recent unlock of ARB tokens has led to a surge in supply, causing prices to drop. Investors who bought ARB in early April are now facing losses, which has affected their sentiment and behavior. Many are selling their holdings, contributing to the downward trend.

Technical indicators suggest that ARB's price may fall further, potentially reaching historical lows. A head and shoulders pattern has formed on the charts, indicating a trend reversal and a bearish outlook. If the price drops below $0.92, it could plummet to $0, although this is unlikely.

On the other hand, if the price surpasses $0.92, it could move back above $1. Investors are cautious, and the average coin age indicator shows that long-term holders are selling their ARB. The situation is uncertain, and investors are advised to conduct thorough research before making any decisions.

In conclusion, Arbitrum's price decline has left investors uncertain and cautious. While technical indicators suggest further decline, it is essential to remember that the cryptocurrency market is unpredictable. Investors must stay informed and adapt to changing market conditions to make informed decisions.