Arbitrum Price Forecast: February 8
ARBUSD price is approaching the upper resistance level as the coin is currently recovering and also remains firm above the supply levels. The crypto might remain in that direction if the bulls could add more efforts to their buying motives and the price closes above the $2.406 supply level, the coin might further extend to a $2.600 upper resistance level and beyond.
Key Levels:
Resistance Levels: $1.600, $1.700, $1.800
Support Levels: $1.150, $1.100, $1.050
ARBUSD Long-term Trend: Bullish (Daily chart)
ARBUSD price is approaching the upper resistance level above the moving average line in its higher time frame. The price currently trades above the EMA-50 and approaching the upper resistance area. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line. 
The sustained bullish pressure at the $1.786 supply level during yesterday’s session has made the coin remain above the supply trend levels in its recent price level.
The buy traders made a strong push to the $1.820 resistance level above the EMA-50 as the daily chart opens today which indicates an intraday growth and more gains for buyers.
Therefore, if the bulls should increase their tension in the market, the price tendency will move above the key levels to the upper resistance zone, which could bolster the crypto signal purpose for interested buyers.
Additionally, the price of Arbitrum might continue its bullish movement while approaching the upper resistance area as indicated by the daily signal. It is expected of buyers to push the crypto price further up to a significant level and in this case, the target might be the$2.600 upper resistance level as the ARBUSD price is approaching the upper resistance level in its higher time frame.
ARBUSD Medium-term Trend: Bullish (4H chart)
ARBUSD pair is showing a more bullish impact in its medium-term outlook. The coin price can be seen approaching the upper resistance level as the bulls have the market at their disposal at the moment. However, a high retest to the breached $1.811 supply suggests strength in bullish momentum.
The previous action by the bulls at the $1.767 high level has sustained the coin price to remain above the trend line in its recent high.
The bulls made an aggressive move up to the $1.820 resistance level above the EMA-50 shortly after the 4-hourly chart opened today. This however makes it possible for the coin to rise further as it stood by approaching the upper resistance level.
Hence, the daily signal indicates an uptrend while the crypto price is approaching the upper resistance level, thus trading above the moving average levels will also enable the market value of Arbitrum to keep pushing up.
Therefore, if the bulls should add more aggression to their activities in the market; the $2.600 upper resistance level might be reached soon in its medium-term time frame.
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