Arbitrum Price Forecast: August 31
The Arbitrum (ARBUSD) shows fundamental growth and the price could rise back to a $1.187 high value if further selling pressure is put to stop. Should buyers increase their momentum, a retest of the mentioned resistance value is possible soon which may trigger up to the overhead resistance mark at the $2.000 level, thus a clear buy signal.
Key Levels
Resistance Levels: $1.650, $1.750, $1.850
Support Levels: $1.250, $1.150, $1.050
ARBUSD Long-term Trend: Bullish (4H chart)
Despite the interference from buyers, the ARBUSD market remains bullish in its long-term view. This is clear as we can see prices trying to rise back to a $1.87 trading value above the supply levels.
The sustained bullish pressure pushed the pair up to the $0.951 resistance level during yesterday’s session and sustained it; this has made it possible for the coin to remain strong above the supply levels in its recent high.
The buy traders made a correction at the $0.996 supply mark above the EMA-9 with its wick touching the EMA-50 as the 4-hour chart resumes today. The current price level however shows an intraday gain.
Therefore, the investors looking for a safer entry should wait for a breakout above the resistance trend line as it may bolster buyers for the early target of $1.187 level.
Hence, with the price pointing upwards on the daily stochastic means that further upside is certain. It is therefore expected that the buy investors will move the price of Arbitrum up which could rise back to a $1.187 value to hit the $2.000 supply level soon in its higher time frame.
ARBUSD Medium-term Trend: Bullish (1H chart)
The Arbitrum price also trades in a bullish trend market in the medium-term outlook. This is due to the high impact of the long-term traders on the price flow. 
After the long breakout by the bulls to the $0.996 high value, sellers briefly and drop the coin price to the $0.964 low value above the two EMAs as the 1-hour chart resumes today.
Commitment from the buying traders now retraced the price of ARBUSD from the mentioned support to a $0.972 high mark. This shows the high buying impact of the long traders.
Hence, the potential rebounded could raise the prices 40% higher to hit the $2.000 upper trend line in the days ahead in its lower time forecast.
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