Arbitrum Price Forecast: May 2
ARBUSD pair is going long and sending a clear bullish signal trading above the supply trend levels. Amid the widespread uncertainty in the crypto market, the coin gave a bullish breakout from the $1.419 value, suggesting the buy traders are making a recovery attempt. Thus, if the crypto’s price sustains above the $1.819 high level, the potential rally could surge higher to hit the $2.000 upper resistance level and beyond.
Key Levels:
Resistance Levels: $1.650, $1.750, $1.850
Support Levels: $1.550, $1.450, $1.350
ARBUSD Long-term Trend: Bullish (4H chart)
Despite the interference of short-term traders in the price flow, the long-term chart market of ARBUSD shows a bullish race. The coin price can be seen trading above the two EMAs. 
The coin buyers are making several attempts to bounce off the support to gain more strength.
Amidst the recent sell-off in the previous action, the coin price climbed up to the $1.368 high mark, trying to replenish the bullish momentum which has enhanced its bullish trend in its recent high.
The price of Arbitrum currently trades at a $1.419 high value above the two EMAs and shows more intraday gains. This assures or confirms high bullish impacts on the cryptocurrency.
Additionally, as a result of an upward momentum shown by the price indicator, the bullish race might possibly retest the $1.819 resistance level which might further extend the coin price to the $2.000 upper resistance value in the coming days in its long-term outlook.
ARBUSD Medium-term Trend: Bullish (1H chart)
ARBUSD pair looks good and tasty for the buy traders in its medium-term outlook. The coin price has walked a lateral path, trading above the moving averages making higher highs, and moving toward the upper resistance area.
Pressure from the bulls at the $1.393 high value in the previous action has sustained its upward stability in its recent high.
The bulls caused a rise in the price of Arbitrum from the $1.406 level to the $1.419 supply value above the moving averages. This, however, will create a strong area of interest for the buy investors. Thus if this bullish growth pattern is steady, an established uptrend will be achieved.
Next, with the buy traders clustering around the market now mean that the crypto’s price will still go up further. Therefore we can expect the upward rally to reach the $2.000 resistance trend lines in the nearby days in its medium-term outlook.
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