Arbitrum Price Forecast: January 18
Arbitrum price looks for an upside reversal as the bulls remain dominant in the market at the moment. Thus if the bulls can increase their buying pattern and the bullish growth pattern is steady, an established uptrend to retest the $2.406 previous high will be achieved soon to invalidate the current support level.
Key Levels:
Resistance Levels: $1.900, $2.000, $2.100
Support Levels: $1.500, $1.400, $1.300
ARBUSD Long-term Trend: Bullish (Daily chart)
ARBUSD remains in a bullish trend and also looks for an upside reversal at the current support level in its long-term outlook. The Bulls are trying not to fall this time around. Further, the coin prices are traded above the supply trend levels, this confirms a bullish trend.
The bull’s pressure at the $2.173 supply value during yesterday’s session has made it possible for the coin to remain in a bullish trend zone in its recent high.
The coin plummeted to the $2.089 support level above the moving average as the daily chart resumes today, this indicates an uptrend in the context of the strength of the market. Nevertheless, today’s price drop has still not stalled the bull run as it remains intact.
Should the bulls prove stronger and increase their momentum, the Arbitrum price could experience an upside reversal to retest the $2.406 high level, which may surge higher to hit the $2.600 upper resistance level soon in its higher time forecast.
ARBUSD Medium-term Trend: Bullish (4H chart)
The market price of ARBUSD is currently trading in the bullish market zone. The market also looks for an upside reversal as the market remains in red above the moving averages. The sustained bullish pressure to a $2.197 high level in the previous action has led to the coin’s recent high. 
The price drop to a $2.095 supply level above the moving averages shortly after the opening of the 4-hour chart indicates an uptrend.
Should the bulls increase their pressure, the upside reversal could lead to the retest of the $2.406 resistance level.
Further, the Arbitrum pair may look for an upside reversal soon as the coin market price now approaches the oversold region of the daily stochastic. Because of that, the coin is swinging to the upside soon and the bulls may reach the $2.600 high level soon in its medium-term time frame.
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