Arbitrum Price Forecast: May 18
ARBUSD looks promising at the $1.226 resistance value making positive moves and approaching the overhead resistance. There is a possibility for the cryptocurrency to swing up further and test the supply level of $1.819. Should the bulls increase their pressure, the resistance level of $1.226 may not hold and it may extend to a $2.000 high level and beyond, resulting in an intraday gain for the coin holders.
Key Levels:
Resistance Levels: $1.450, $1.550, $1.650
Support Levels: $1.350, $1.250, $1.150
ARBUSD Long-term Trend: Bullish (4H chart)
ARBUSD indicates an upward trend with a bullish sentiment in its long-term perspective. The coin is trading above the level of $1.213. The market is presently facing resistance at the recent high. 
The previous action at the $1.208 high level during yesterday’s session has really sustained the coin price to remain above the trend line in its recent high price.
The bulls’ action increases the price of Arbitrum up to the $1.226 resistance level above the supply trend levels as the 4-hourly session opens today. A break above the $1.819 value would intensify the buying pressure on the crypto.
Further, if the coin buyers could hold above the $1.819 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price could pump or surge upsides to hit the $2.000 upper resistance value soon in its long-term outlook.
ARBUSD Medium-term Trend: Bullish (1H chart)
On the medium-term outlook, the ARBUSD pair is in a resistance zone. Firstly, the coin has broken above the two moving averages which indicates a possible rise of the pair. 
The bullish reversal at the $1.176 high value in the previous action has sustained the crypto above the trend lines in its recent time
The market price of Arbitrum is currently trading at the $1.226 supply level above the moving average lines. This means that the bulls are in control of the market at the moment.
Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A strong breakup above the $1.229 resistance point would strengthen the bullish pressure.
Hence, the daily signal indicates an uptrend, based on the outlook, should the bulls push higher, a post-retest rally may drive the prices high to hit the $2.000 resistance trend levels in the days ahead in its medium-term perspective.
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