Arbitrum Price Forecast: March 21
ARBUSD price will most likely reverse after updating the lows. The price may retrace to the $2.500 resistance level after updating lows. If the price makes a retest at a $2.406 high mark, then the price may jump up to hit the $2.500 trend line and beyond. Thus, a turnaround and clear buy signal for the coin holders.
Key Levels:
Resistance Levels: $1.450, $1.550, $1.650
Support Levels: $1.100, $1.050, $1.000
ARBUSD Long-term Trend: Bearish (Daily chart)
Arbitrum price is bearish on the higher time frame. Meanwhile, the coin price may retrace to the upside soon as the market selling pressure seems to be exhausted right now. This is due to the high impact of the sell traders. 
The high order flow of the bears to a $1.622 low level during the past session has contributed to the crypto’s bearishness in its recent low. However, it seems that the bulls are about to take over and the price may retrace soon to push us higher.
The coin plummeted beneath the supply level at the $1.444 support level as the daily chart resumes today, this is due to the low bullish momentum.
Therefore, if buyers could change their orientation and exchange hands with sellers at the $1.444 low value, the price of ARBUSD may retrace to retest the previous high of $2.406, which may put further selling pressure to hibernation.
Meanwhile, Arbitrum’s price may retrace from the $1.444 low level to a higher resistance mark as the coin market is oversold already. We now expect the crypto’s price to reach the $2.500 high mark in the coming days in its higher time view.
ARBUSD Medium-term Trend: Bearish (4H chart)
Arbitrum price is bearish on the medium-term time frame. The coin price now retraced to the resistance level due to the high impact of buyers. 
The prices are traded below the moving average which has confirmed its bearish trend. The high order flow from the bears during the previous action also added to this bearishness. However, it seems that the bulls are set to retrace and push us higher.
The coin is recovering from the recent correction as fresh buying emerges near the supply level following the upward race.
The price of ARBUSD which now trades at the $1.576 supply mark below the EMA-50 as the 4-hour chart opens today, is an indication that the bulls are actively buying the coin at the moment. This will eventually make the coin gain more strength and push higher.
More upsides are certain as the price indicator shows that the price of Arbitrum is in an uptrend. It is expected that the coin price retracement to hit $2.500 at the high side soon as the market turns bullish.
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