Arbitrum Price Forecast: December 14
The ARBUSD market established a solid base at the mentioned supply while the bulls are seemingly struggling to uphold the uptrend and remain stable at the moment. The price might head to the $1.400 high mark as the crypto is facing high pressure from the bulls. If the coin price could sustain above the pattern supply trend line at the $1.350 previous high point, the coin price may trigger up to the overhead resistance mark at the $1.400 upper resistance level, thus a clear buy signal for the coin buyers.
Key Levels:
Resistance Levels: $1.050, $1.100, $1.150
Support Levels: $0.800, $0.700, $0.600
ARBUSD Long-term Trend: Bullish (Daily chart)
ARBUSD established a solid base for rising and remains bullish on the higher time frames. This is clear as we can see the prices trading above the moving average lines indicating an uptrend. 
The sustained bullish pressure at the $1.166 high value in the past few days has made it possible for the crypto to remain stronger above the supply trend lines in its recent high.
The Arbitrum price made it to a $1.172 resistance value above the EMA-50 as the daily chart opens today, resulting in intraday gains for coin buyers.
As a result, staying above the resistance trend lines indicates a high likelihood of a bullish correction.
However, an increase in buying pressure could cause the price of ARBUSD to retest the previous high of $1.350 level, influencing the crypto’s rising pattern via an established solid base.
Furthermore, the daily stochastic indicates an uptrend by pointing upwards, implying that the coin tends to rise further. If the support level holds, buyers will be able to take the price of Arbitrum up to a high of $1.400 level soon as the crypto establishes a solid base for rising in its long-term perspective.
ARBUSD Medium-term Trend: Bullish (4H chart)
In the medium term, the coin also establishes a solid base for rising while showing a bullish posture. This is due to the large inflow of long traders. 
The price of ARBUSD is currently rising above the moving averages. This indicates that buyers are gaining market power at the moment.
The coin made it to the $1.116 high level during the previous action and has made the price remain above the supply trend level in its recent high.
Today, the bulls made an aggressive move up to a $1.160 resistance level above the EMA-50 shortly after the 4-hour chart opens today. This however makes it possible for the coin to rise further.
Additionally, Arbitrum is showing more upside possibilities as indicated by the daily stochastic which is pointing in an upward direction. In light of this, the pair may likely reach the $1.400 resistance level soon as the coin establishes a solid base for rising in its medium-term forecast.
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