Arbitrum Price Forecast: July 13
ARBUSD price may likely rise from the bottom trend line to resume an uphill rally soon. The crypto may likely finish the dip-lows and resume the upside move soon if the current support at the $1.120 support value holds. Further increase in the bulls’ pressure may break up the $1.243 supply level and this may swing the price up to a $2.000 high level. Thus, a turnaround and clear buy signal for the coin holders.
Key Levels:
Resistance Levels: $1.650, $1.750, $1.850
Support Levels: $1.350, $1.250, $1.150
ARBUSD Long-term Trend: Bearish (4H chart)
Arbitrum price is bearish on the higher time frame. This is due to the high impact of sellers. The prices are traded below the moving averages which has confirmed is bearish trend.
The sustained pressure from the bears at the $1.116 support level in the past few days has contributed to its bearishness in its recent low.
The price drop to the $1.120 low value by the bears below the two EMAs as the 4-hourly chart resumes today is a result of more commitment from the sell traders. Thus, the price of ARBUSD is set to advance further if the bulls can redouble their efforts and push above the current supply level.
Additionally, the coin price might possibly reverse from the mentioned support and rise from the bottom trend line soon above its previous high at the $1.243 value soon as the coin market price now approaches the oversold region, this will compel the bulls to resume the upward move and in this case, the price might push higher to the $2.000 supply mark and beyond in the days ahead in its higher time frame.
ARBUSD Medium-term Trend: Bearish (1H chart)
The market price of ARBUSD is currently trading in the bearish market zone. This is due to the high interaction from the sell traders. 
The bulls were able to reach the high of $1.126 level during yesterday’s session while the pressure from the bears now dropped the price down to a low of $1.116 value, which has made the price stay below the supply levels in its recent low.
The price drop to $1.120 by the bears below the two EMAs as the 1-hourly chart resumes today is a result of more commitment from the sell traders.
Meanwhile, there is a possibility of price reversal at the mentioned support as the price of Arbitrum now trades at the oversold region.
This means that the buying pressure is about to commence, therefore, if the bulls should add more effort to their tension in the market, the bullish correction race could reach the $2.000 resistance mark in the days ahead in its medium-term perspective.
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