Arbitrum Price Forecast: April 27
ARBUSD is now recovering steadily and set to trade in an ascending channel. Should buyers interrupt the sell traders; the bullish pattern may increase the coin price to retest the previous high of $1.819 value which might possibly hit the $2.000 upper supply trend line. Thus a turnaround and a clear buy signal for the coin buyers.
Key Levels:
Resistance Levels: $1.650, $1.750, $1.850
Support Levels: $1.450, $1.350, $1.250
ARBUSD Long-term Trend: Bearish (1H chart)
ARBUSD is in a bearish trend market in its long-term view. The prices are traded slightly below the moving averages which has confirmed its a bearish trend. Meanwhile, it seems that the bulls are about to take over and push the coin price higher as the cryptocurrency has just resumed its rising pattern.
The coin having dropped down to a low at the $1.283 level in the previous action has been rejected by the bulls at the moment.
The market was propelled higher by the bulls until it reached a new high at the $1.313 resistance mark below the moving averages as a pullback as the 1-hourly session resumes today. This shows the level and the high impact of the buy investors on the crypto market. A strong breakup above the mentioned resistance point would strengthen the bullish pressure.
Thus, if the bulls regroup and push higher, a steady rise above the $1.313 supply value will accelerate the new correction phase which might further hit the $2.000 upper resistance level in the coming days in its long-term outlook.
ARBUSD Short-term Trend: Bullish (15-Minute chart)
The momentum on the short-term time frame (15 minutes) is undeniably bullish. This is clear as we can see the price above the EMA-9 approaching the overhead resistance level. 
Pressure from the bulls at the $1.339 high value in the previous action has sustained its upward stability in its recent high.
Being affected by the widespread uncertainty in the crypto market, the Arbitrum price showed a slow yet steady recovery in the short-term time frame chart.
The coin price bullish reversal from the $1.294 psychological support to the $1.312 resistance value has recorded 18.4% growth within the last few minutes. The price, wavering above the moving averages indicates the high impact of the bulls.
Further, the ARBUSD price may likely continue in the same bullish trend as the market is showing an uptrend on the daily stochastic. So, the price could be ready very soon for an increased bullish pattern continuation. In this case, a significant level above the $2.000 supply level might be reached in the days ahead of its lower time frame.
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