Arbitrum Price Forecast: February 15
Arbitrum (ARBUSD) price is pumping up again and indeed, it is a good time to buy for the coin traders. The coin price facing high bullish pressure is now close to the $2.600 supply level and has already increased significantly in the previous actions. If the coin price could sustain above the pattern supply trend line at $2.406 value, the potential recovery could assist buyers to move close to the $2.600 upper high level, indicating a growth opportunity of 80%. Thus, a buying time and the best crypto signal for the coin traders.
Key Levels:
Resistance Levels: $2.000, $2.105, $2.110
Support Levels: $1.800, $1.700, $1.600
ARBUSD Long-term Trend: Bullish (Daily chart)
Despite the interference from the sellers, the ARBUSD price still trades in the bullish trend market. The price is close to the $2.600 supply mark above the supply trend lines again. This however, confirms the presence of more bulls’ impact on the coin.
However, the bulls’ pressure to the $2.083 high value during yesterday’s session has sustained the coin price above the resistance trend levels in its recent high.
The bulls’ journey up north to the $2.112 high mark above the supply trend levels close to the upper resistance zone as the daily session resumes today indicates and shows the high impacts of the bulls on the cryptocurrency, thus a turnaround and more intraday gains for the coin buyers.
Thus, a sharp breakout and closure above the $2.406 high value will wade off the bearish shackles and focus on the ultimate breakout to the key levels at the upper resistance area beyond.
Additionally, the daily stochastic suggests an uptrend. This indicates that the Arbitrum price will soon move close to the $2.600 upper resistance level, encouraging the buy traders to invest in the coin in the long-term forecast.
ARBUSD Medium-term Trend: Bullish (4H chart)
ARBUSD can be seen moving very close to the upper resistance zone and progressing forward in its medium-term perspective. Buyers are having the market at their disposal at the moment. The bulls’ pressure on the crypto in the past few hours has sustained its bullishness in its recent high.
Today, the bulls caused a rise to a $2.086 high level above the moving averages to resume its uptrend. From the look of things, the Arbitrum price which is close to the upper resistance zone at the moment will keep growing.
Therefore, a possible breakout from the current supply will accelerate the buying momentum and push the prices of Arbitum higher and close to the upper high level, bolstering buyers for a sustainable rally.
In addition to this, the ARBUSD price is pointing upward on the daily stochastic, indicating an upward move. We therefore expect a breakup of $2.086 and growth of the price close to the resistance of $2.600 value in the nearby days in its medium-term time frame.
Place winning Arbitrum trades with us. Get ARB here
Leave a Reply