Arbitrum Price Forecast: July 4
The ARBUSD pair is on its way to the new resistance trend level as the coin price now jumps above the $1.139 resistance level. In case the bulls’ pressure breaks up the previous swing high at $1.256, the coin price may increase further to a $2.000 high trend line which indeed will be a turnaround and buying opportunity for the coin holders.
Key Levels:
Resistance Levels: $1.250, $1.350, $1.450
Support Levels: $1.050, $1.000, $0.099
ARBUSD Long-term Trend: Bullish (4H chart)
The ARBUSD pair’s orientation trades in a bullish market in its long-term outlook. The price bar is seen above the EMA-50 and slightly below the EMA-9 which confirms its bullish growth.
The bulls were able to push the altcoin up to the $1.153 resistance value during yesterday’s session and have enhanced the coin price to stay above the supply trend levels in its recent high.
After testing the low of $1.125 value, the price of Arbitrum finds reliable resistance at around $1.143 level above the EMA-50 as the 4-hourly session begins today, resulting in an intraday gain for the coin buyers. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.
The current correction value may likely prolong the bullish rally to break up its previous high at $1.256 price value if the bulls could add more strength to their buying power.
Adding to that, there is a possibility of a further increase in the price of Arbitrum, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at the $2.000 upper supply level might be reached in few days in its long-term time frame.
ARBUSD Medium-term Trend: Bullish (1H chart)
Despite the interference of short-term traders in the price flow, the medium-term time frame market of Arbitrum shows a bullish race. 
The coin price can be seen progressing upward above the EMA-9 approaching the overhead resistance. This shows that buyers are currently gaining more strength in the market.
Pressure from the bulls at the $1.153 high value in the previous action has sustained its upward stability in its recent high.
Despite the interactions from the short traders, the bulls caused a rise to a $1.143 high level shortly after the commencement of the 1-hourly session opened today. This shows that the bulls are buying at this level.
Thus, an additional buying effort from the bulls could break out from the current supply to retest the $1.243 supply value soon.
Hence, new entries from the buy traders toward the higher side are likely as indicated by the momentum indicator pointing upward. The bulls could therefore aim at the psychological level of $2.000 upper resistance value in the days ahead in its medium-term perspective.
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