Arbitrum Price Forecast: April 11
Arbitrum (ARBUSD) price is pumping up again. The price may reach the high of $2.400 mark which will be a good time to buy for the coin traders. Thus, a sharp breakout and closure above the current correction phase at $1.579 high value will invalidate any bearish thesis and the price might hit the high at $2.400 resistance level and beyond, indicating a buying opportunity for the coin investors.
Key Levels:
Resistance Levels: $1.350, $1.450, $1.550
Support Levels: $1.250, $1.150, $1.050
ARBUSD Long-term Trend: Bullish (4H chart)
Arbitrum remains bullish and its price may reach the upper high level soon in its long-term outlook. The Bulls are trying not to fall this time around. Further, the coin prices are above the supply trend level, which confirms a bullish trend.
However, the bulls’ pressure to the $1.569 high value in the previous action has sustained the coin price to reach above the resistance trend levels in its recent high.
Buyers increased the market price of ARBUSD to a $1.579 supply value above the moving average shortly after the 4-hourly chart opened today. This indicates that the buy investors are dealing in the coin investment.
Therefore, if the bulls could increase their tension in the market, the price tendency may reach the high of the $2.021 mark.
The longer the price stays above the mentioned supply level, the more pressure builds up to reach a key significant level at the upside.
Notably, the Arbitrum price is also pointing upwards, which suggests that the coin price may likely continue in an upward direction, this may reach the high of $2.400 supply trend line in the days ahead in its higher time frame.
ARBUSD Medium-term Trend: Bullish (1H chart)
The ARBUSD price currently trades above the EMA. This breakout may reach the upper resistance level soon with a smooth bull cycle pattern on the medium-term outlook.
The buy investors made a jump to the $1.507 supply value in the previous action and sustained it; this sustained the coin price to reach its recent high level and remains strong.
On the 1-hourly chart today, the Arbitrum price jumped up to a $1.563 supply level above the moving averages as the bulls took to their stand in the market.
This bullish correction, however, indicates a gradual improvement in market sentiment and may reach the previous high of $1.568 leading to more intraday gains of the assets to higher prices.
Additionally, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the bullish rally may therefore reach the high of $2.400 upper high value in no long time on the lower time frame.
Place winning Arbitrum trades with us. Get ARB here
Leave a Reply