Arbitrum Price Forecast: September 12
ARBUSD has been in a downtrend for a while and is getting ready for an upside move at the moment. Hence, an increase in the bulls’ pressure may break the $1.168 resistance mark and this may swing up the crypto price to $1.300 and $1.350 supply levels and beyond.
Key Levels:
Resistance Levels: $1.050, $1.100, $1.150
Support Levels: $0.900, $0.800, $0.700
ARBUSD Long-term Trend: Bearish (4H chart)
ARBUSD is in a bearish trend market zone in its higher time frame. This is due to the high inflow of the sell traders. However, the crypto has just resumed its bullish move and the price may break the resistance trend level soon.
The sustained pressure from the bears at the $0.894 support level in the past few hours has contributed to its bearishness in its recent low.
However, the bulls overrode this and moved the Arbitrum price up to a $0.863 resistance level below the two EMAs as the 4-hour chart opens today. This is due to the high impact of the buy investors in the coin market.
If the bullish momentum persists, a breakup above the accumulation zone of $1.168 level with a candle closing will signal a strong buy signal for interested traders.
Adding to that, there is a possibility of a further increase in the price of ARBUSD, If the buy traders increase their price actions and all the current support level holds, a psychological key level at $1.300 at the upside might be reached soon in its long-term time frame.
ARBUSD Medium-term Trend: Bearish (1H chart)
The coin also trades in a bearish trend market in the medium-term outlook. The coin prices are seen traded below the moving averages. This is due to the high impact of the sell traders on the price flow. 
Thus, the price may likely break up the supply level soon as it has just resumed its rising pattern but has not yet reached its goal.
Sustained pressure from the short traders to a $0.897 low mark in the previous action has led the ARBUSD price below the supply levels in recent times.
The buy traders made a pullback from the mentioned support while the Arbitrum price is now facing the new correction phase at the $0.863 supply mark. Thus, a break above the $0.923 neckline would intensify the buying pressure on the crypto.
In addition, the price of Arbitrum is pointing up in the oversold region of the stochastic, this suggests that the selling pressure has ended and the crypto is about to resume an upside move soon. It is therefore expected of buyers to break up the $0.923 high level which might further hit the $1.300 upper high mark as we cross our fingers and watch out for BUY soon in its medium-term time frame.
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