Arbitrum Price Forecast: January 25
The ARBUSD price is set for another bullish momentum, its price dips are contemplating a rise as the coin market trades in the oversold region. The price action may soon be ready for another likely upward rise and may even reverse in a favorable direction. If buyers can show their power and exchange hands with sellers at the present support level of $1.542, the price may retrace and rise to test the previous high of $2.406 and even further.
Key Levels:
Resistance Levels: $1.950, $2.000, $2.100
Support Levels: $1.550, $1.450, $1.350
ARBUSD Long-term Trend: Bearish (Daily chart)
Arbitrum price is bearish on the higher time frame. Meanwhile, the price dips are contemplating a rise as the coin-selling pressure seems to be exhausted at the moment. 
The sustained pressure from the bears at the $1.651 support level during yesterday’s session has contributed to its bearishness in its recent low, this will soon be invalidated as the coin buyers are contemplating a rise following the dips that have been exhausted.
Today, the bears however made a drop to a $1.542 support level below the moving averages. A retest of the dynamic resistance trend line at the previous high of $2.406 could refuel the bullish momentum in the ARBUSD price and render any bearish correction invalid.
Further, the Arbitrum price dip is contemplating a rise by trading in the oversold region of the market; it means that the selling pressure will end soon. This will compel the buy traders to resume an uptrend and may likely break up the $2.406 supply level soon in its higher time frame.
ARBUSD Medium-term Trend: Bearish (4H chart)
According to the chart below, the medium-term outlook for the Arbitrum market is in a bearish trend zone. It also indicates that the coin price dips is contemplating a rise as the market is oversold.
The price drop to a $1.687 low value by the short traders during the previous action has made Arbitrum price trade below the supply levels in recent times.
Meanwhile, the current price at a $1.542 low value below the supply trend lines has not stabilized the market condition of the coin. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Meanwhile, further downsides are unlikely as the market price of ARBUSD is now contemplating a rise by pointing upwards at the oversold region of the daily stochastic.
The coin will resume an uptrend soon, so we can now grow confident that a potential buy is coming near. Hence, the $2.406 previous high could be the target in the medium-term outlook.
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