Arbitrum (ARB) has shown a TD Sequential 9 buy signal on its 12-hour chart, indicating potential seller exhaustion at a critical demand zone between $0.175 and $0.176. This technical setup suggests a possible trend reversal, with the bearish momentum potentially weakening. If the $0.17 support holds, it could provide a foundation for a price recovery, with resistance expected at $0.198 to $0.20. Despite price struggles, Arbitrum's Total Value Locked (TVL) remains resilient, maintaining a strong base of liquidity. The TVL, which surged from near-zero to over $2 billion during 2021-2022, has consolidated around $3 billion, indicating continued confidence in the network. The weekly chart shows signs of weakening sell pressure, with long lower wicks and compressed candle bodies, suggesting a potential shift in market sentiment if prices break above $0.20 to $0.22.