Arbitrum Price Forecast: September 26
The ARBUSD market price is witnessing an increase in volume and its price surge might reach a key resistance level at the upside as the coin rebounded. The coin price rebounded and soared to a 24-hour high of $1.603 against a general market recovery. From the look of things, if buyers should exert more force into the price action in the market, the price surge might hit a $1.750 high trend line and extend to the $2.00 upper resistance level, resulting in a high potential recovery and a good buy signal for the coin investors.
Key Levels:
Resistance Levels: $0.700, $0.800, $0.900
Support Levels: $0.450, $0.350, $0.250
ARBUSD Long-term Trend: Bullish (Daily chart)
Arbitrum price is experiencing a price surge and might reach a substantial level at the upside as the price faces the upper channel and remains in a bullish trend market in its long-term view. The bulls are ready to take us higher as the journey up north continues. There are multiple possible targets at this point, but either way, the pair looks quite bullish here.
The sustained bullish move to the $0.623 supply value on the 21st of September has made it possible for the price surge to reach above the trend line and remain firm in recent times.
After completing the lows of yesterday at the $0.589 level, the ARBUSD price experienced a price surge today as the coin price rebounded to a $0.603 high mark above the EMA-50, as the daily chart commences today, indicating that traders are actively buying at this level.
A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.
Similarly, the Arbitrum market is pointing upwards on the daily signal, suggesting that the price surge might continue to reach the $1.750 previous high level and drive the coin price towards the $2.00 upper high mark in the day to come as the price surge continues in its higher time frame.
ARBUSD Medium-term Trend: Bullish (4H chart)
In the medium term, the Arbitrum pair shows a sign of retracement. The price surge might reach the upper high level as the bulls remain dominant in the coin market.
The price bars are above the supply levels, displaying a bullish trend as the crypto price surges toward the upper resistance level.
An increase in momentum by the bulls to a $0.604 high mark in the previous session has enabled the price surge to remain above the resistance levels in recent times.
At the writing time, the ARBUSD market experienced a price surge to a $0.603 high mark above the EMA-50 as the 4-hour session resumes today, potentially boosting its value significantly.
Thus, if the bulls add more strength to their buying forces, the price surge might reach the $0.800 high mark, bolstering the recovery sentiment to rise higher.
Additionally, if ARBUSD buyers could hold above the $1.750 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price surge might reach the $2.00 upper resistance value soon in its medium-term outlook.
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