Arbitrum’s [ARB] strong recovery from mid-June has hit a critical roadblock, forcing it into narrow price consolidation. It hiked 25%, rallying from $0.9200 to $1.15 but faltered near $1.15, forcing it to enter a narrow price range of $1.06 – $1.15. In the meantime, Bitcoin [BTC] cooled off from the recent rally, easing to $30.68k from $31k as of press time. The short-term pullback could derail further uptrend, making the $1.15 roadblock more formidable.