Arbitrum Price Forecast: April 4
ARBUSD price is rising at the moment and this may continue. The coin has just begun its rising pattern facing the resistance trend levels at the moment. If all the current support holds and the bulls trigger their efforts and break up the $2.406 previous resistance trend line, the bullish correction pattern may extend the coin price to hit the $2.500 high mark. Thus, a turnaround and clear buy signal for the coin holders.
Key Levels:
Resistance Levels: $1.200, $1.300, $1.400
Support Levels: $1.090, $1.080, $1.070
ARBUSD Long-term Trend: Bearish (Daily chart)
Arbitrum is bearish in its long-term outlook. The price responded to the shift in the market structure and is currently rising and this may continue. The prices are traded below the moving averages which has confirmed is bearish trend.
The coin price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.
Today, the daily price action of ARBUSD at the $1.481 supply level below the EMA-50 shows that the coin is rising and this may continue as fresh buying emerges near the supply level following the upward race.
If the coin price could sustain above the pattern supply trend line to revisit the previous high of $2.406 value, the potential recovery could assist buyers to reach the upper high level, indicating a growth opportunity of 80%.
Notably, the market price of Arbitrum is pointing up in the oversold region; this means that the momentum in the coin price which has started rising may continue in an upward move.
We can now expect the next bulls’ jump to reach a $2.500 upper resistance level in the days ahead in its higher time frame.
ARBUSD Medium-term Trend: Bearish (4H chart)
The momentum on the medium-term outlook looks bearish but it is starting to turn bullish as can be seen from the chart now. 
The price of ARBUSD is currently rising and this may continue. The price is trading at the resistance close to the EMA-50. So it seems likely that the bulls are about to take over and push us higher.
The high order flow from the bears during the previous action also added to this bearishness. However, it seems that the bulls are about to set the coin rising and this may continue.
Despite the interactions from the short traders the bulls caused a pullback and caused a rise to a $1.481 high level below the EMA-50 shortly after the commencement of the 4-hourly chart opens today. Thus, buyers need to add more pressure to their activities to move the market beyond the current price level.
Adding to that, the market price of Arbitrum is pointing up in the oversold region indicating a rising potential and this may continue. In light of this, we can expect the coin price to extend to a $2.500 high level in the days ahead in its medium-term time frame.
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