Arbitrum Price Forecast: September 26
ARBUSD is currently rising now and on its way to the overhead resistance area. The coin price takes rejection on a pullback and its negotiates the $1.000 high level to overcome the market uncertainties. Therefore, if the buy traders could push higher and the price sustains above the $0.996 neckline, then there is a higher chance that Arbitrum buyers could drag the price up toward the $1.000 supply level.
Key Levels:
Resistance Levels: $1.000, $1.050, $1.150
Support Levels: $0.900, $0.800, $0.700
ARBUSD Long-term Trend: Bearish (4H chart)
Arbitrum price is in a bearish market trend in its long-term perspective. But the bulls won’t relent, as the coin price is on its way up negotiating the $1.000 high level. The market has been slowed down due to the interaction from the bears to the $0.807 low value in the previous action.
The bulls made a pullback to the $0.817 high mark below the EMAs as the 4-hour session opens today. This suggests that bulls are buying at this level and as well as an indication that the buy traders are returning to stage a play in the market. Hence, a potential upswing above the $0.996 previous high would get a better confirmation of the bullish recovery.
Adding to this, the price of ARBUSD might continue its upward move as shown by the price indicator which is in an upward direction. If the price is able to break above the $0.996 high, then we can expect the coin price to negotiate the $1.000 and even break above that level soon in its long-term outlook.
ARBUSD Short-term Trend: Bullish (1H chart)
The momentum on the 1-hour chart shows a bullish move. This is a result of the high inflow of long traders’ activities in the market. The chart also shows the crypto’s next impending move negotiating the $1.000 upper high value.
The price of Arbitrum has been making higher highs and higher lows in the previous actions; this has made it possible for the price to maintain an uptrend in its recent high.
The ARBUSD price trading above the EMA-9 at the $0.817 resistance level is an indication of a more bullish impact in the market.
The coin is trading in a “Rising Channel”, making higher highs and higher lows and negotiating the upper resistance area. This will actually enable buyers to influence the price tendency.
Similarly, the price of Arbitrum might continue its upward move as shown by the price indicator which is in an upward direction.
If the price is able to break above the $0.900 supply value, then we can expect the price to test its previous swing high and even break above that level soon in its short-term outlook.
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