Arbitrum Price Forecast: June 18
The price of ARBUSD could turn positive soon to resume its upward trajectory. The coin price is anticipated to reverse in a bullish trend, preparing for another upward explosion. The price may retrace to retest the previous high of $2.406 level, or even further, if bulls can exhibit their power and swap hands with sellers at the current support level of $0.860.
Key Levels:
Resistance Levels: $1.100, $1.200, $1.300
Support Levels: $0.800, $0.700, $0.600
ARBUSD Long-term Trend: Bearish (Daily Chart)
ARBUSD is in a bearish trend. Meanwhile, the coin price could turn positive soon as the selling pressure seems exhausted. 
The price is forming lower lows and lower highs below the supply level which means that it’s in a bearish trend zone. However, the crypto could turn positive soon as the bulls are about to take over and push us higher.
The sustained pressure from the bears at the $0.879 support level in the last few days has contributed to its bearishness in its recent low.
As the daily chart begins today, bearish actions sent the coin price lower, reaching the $0.860 support level below the EMA-50.
Meanwhile, the Arbitrum price could turn positive soon, if the bulls can exhibit their powers and exchange hands with the bears at the $0.00860 current support level. The coin may surge higher to retest the previous high of $2.406 level, increasing buyers’ interest in the crypto.
Notably, the ARBUSD market is oversold. This implies that the crypto price could turn positive soon. Then, the coin price can reverse from the $0.860 low value to a psychological high of $2.500 upper resistance level in the days by in the higher time frame.
ARBUSD Medium-term Trend: Bearish (4H chart)
ARBUSD is showing a more bearish impact in its medium-term outlook. The coin could turn positive soon as the selling pressure is about to end.
The bears’ pressure on the coin to the $0.919 support value during the last session has sustained the coin price below the resistance trend levels in its recent price level. The price could turn positive soon as the selling pressure is about to end.
Actions from the bears further dropped the coin price d to the $0.860 support level below the EMAs as the 4-hourly chart resumes today.
Hence, the bullish momentum might be triggered and the price could turn positive to break up the $1.269 previous high value soon if the current support remains unmoved and the bulls should speed up their activities in the market.
Additionally, the price of ARBUSD indicates an uptrend; therefore, if the bulls should add more aggression to their activities in the market, the price could turn positive to hit the $2.500 upper resistance level in the days to come in its medium-term outlook.
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