Arbitrum Network is expected to experience a 10% decline in its token price, as around $107 million worth of tokens are set to be unlocked. This event is likely to lead to a surge in selling pressure, as token recipients look to capitalize on quick gains. However, if the price manages to break through the resistance level at $1.73 and turn it into support, the bearish outlook would be invalidated. These token unlocks are considered to be bearish catalysts as they increase the circulating supply without a corresponding increase in demand, creating an imbalance in favor of supply. Traders should prepare for increased volatility as more projects have cliff token unlocks scheduled for this week.
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Arbitrum Price Prediction: 10% losses likely for holders ahead of $107 million worth of cliff token unlocks
