Arbitrum Price Forecast: May 16
ARBUSD price will keep rising based on the outlook. The coin currently trades at a $1.174 supply value and is projecting a potential uptrend with the bullish crossover of the 9 and 50-day EMAs. If buyers are successful in the pattern breakout, the upsides might test the next supply level of $1.819, which could further lead to the $2.000 upper resistance level, accounting for a rise.
Key Levels:
Resistance Levels: $1.450, $1.550, $1.650
Support Levels: $1.250, $1.150, $1.050
ARBUSD Long-term Trend: Bullish (4H chart)
ARBUSD is in a bullish trend market in its long-term view. The prices are traded above the moving averages which has confirmed is bullish trend. This is due to the high impact of the buy investors in the coin market.
The sustained bullish pressure pushed the currency pair up to the $1.185 supply level during the previous action and sustained it. This has made it capable for the coin to remain firm in an uptrend in its recent high.
The price opened lower but managed to trade in green over the past few hours. The price finds a reliable resistance at the $1.162 trend line which further increases to $1.174 above the moving averages as the 4-hourly session begins today, resulting in intraday gains. This will prolong the upward rally and fuel the release of more buy investors into the market.
As of now, the price signal is pointing upwards indicating a bullish move and in this case, the price of Arbitrum will keep increasing and could jump up to hit the $2.000 upper supply mark sooner in its long-term outlook.
ARBUSD Medium-term Trend: Bullish (1H chart)
Analyzing the chart below, we can clearly see that ARBUSD is in a strong bullish market zone. The price currently trades above the two EMAs making higher highs and moving toward the major upper resistance area. 
The high bullish impact on the crypto at the $1.169 high level in the previous action has contributed to its bullishness in its recent high.
The strong push by buyers to the $1.174 resistance trend line above the moving averages as the 1-hourly chart opens today shows that the buying activities are rising. Thus, if the long traders could break above the $1.261 previous supply mark, the bearish thesis will be invalidated. This makes it possible for the coin to remain positive and good for a BUY position.
Adding to that, there is a possibility of more upsides as indicated by the price signal which is pointing in an upward direction. This may extend the price of Arbitrum to a high at $2.00 upper resistance value soon in its medium-term time frame.
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