Arbitrum Price Forecast: June 13
ARBUSD price hints at fresh recovery at the $0.950 resistance level as it makes its way to the resistance trend levels. Meanwhile, the coin has the potential to continue with the correction move and attract more investors, provided buyers don’t give up. Therefore, a bullish break out past the $2.406 previous high level may set eyes on the next resistance at the $2.500 level, resulting in an intraday gain for coin buyers.
Key Levels:
Resistance Levels: $1.300, $1.400, $1.500
Support Levels: $0.800, $0.700, $0.600
ARBUSD Long-term Trend: Bearish (Daily Chart)
ARBUSD‘s price responded to a shift in the market structure and hinted at a fresh recovery on its daily chart. The coin is currently gathering momentum below the moving average; this implies that the price is trading in the bearish market zone. 
The sustained bearish pressure at the $0.910 support level during yesterday’s session has enabled the crypto price to hint at a fresh recovery below the supply level lately.
Today, the price of Arbitrum was able to pull back and is taking the $0.950 resistance near the EMA-50 as the daily chart opens.
However, the coin price could hint at another fresh recovery to retest the $2.406 supply level if it breaches the moving averages.
Additionally, the crypto is pointing upwards at the oversold region, under the influence of this market level, the coin price may hint at fresh recovery and break up the previous high at $2.406 level to reach the $2.500 resistance level in the days by as we watch the crypto market price hints fresh recovery in the long-term perspective.
ARBUSD Medium-term Trend: Bearish (4H Chart)
ARBUSD market value hints at a fresh recovery at the $0.905 high level in the medium-term outlook. The coin is also trading below the EMA finding its way to the resistance levels.
The bearish pressure at the $0.913 support level in the previous action has made the price of Arbitrum stay below the supply level and hints at a fresh recovery in its recent price level.
On the 4-hour chart today, there is a broader recovery in the prices. The Arbitrum price swung up to a $0.950 correction level below the moving average as the bulls took to their stand in the market.
This bullish correction, however, indicates a gradual improvement in market sentiment and could also lead the coin price to hint at fresh recovery, resulting in more intraday gains.
In addition, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the ARBUSD price may hint at fresh recovery, and in this case, the price might hint at the $2.500 upper high mark in no long time in the medium-term time frame.
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