Arbitrum Price Forecast: April 18
Arbitrum price might head to the $2.00 resistance level as it is currently running a bullish race and remains stable at the moment. The coin is facing high pressure from the bulls. Thus, a sharp breakout and closure above the current correction phase at the $1.652 high value will invalidate any bearish thesis and the price might hit the high at the the$2.00 resistance level and beyond.
Key Levels:
Resistance Levels: $1.650, $1.750, $1.850
Support Levels: $1.550, $1.450, $1.350
ARBUSD Long-term Trend: Bullish (1H chart)
ARBUSD remains in a bullish trend in its long-term outlook. The bulls are really trying not to fall this time around. Further, the coin prices are traded above the supply trend levels, this confirms a bullish trend.
The bulls made it to the $1.744 supply value above the moving averages after a series of dip lows in the previous action; this has made it capable for the coin to remain in a bullish trend zone in its recent high.
The coin found resistance at the $1.652 supply value above the two EMAs shortly after the 1-hourly chart opened today. This indicates that the buy investors are actually dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price tendency might head to the upper resistance zone.
The longer the price stays above the mentioned supply level, the more pressure builds up to reach a key significant level at the upside.
Next, the Arbitrum price is also pointing upwards on the daily stochastic, this suggests that the coin price may likely continue in an upward direction and head toward the $2.000 upper resistance trend line in the days ahead in its higher time frame.
ARBUSD Short-term Trend: Bullish (15-Minute chart)
Upward pressure still dominates the ARBUSD pair in the lower time frame. Buyers are confident about gaining higher levels and this confirms their high impact in the market at the present. Thus, the recent market structure has favored the bulls. 
In the previous actions the coin has been having high interference from buyers which really made it easier for the cryptocurrency to maintain stable upside moves in its recent high.
The buy investors actually made a jump to the $1.660 supply value above the moving averages during the previous action and sustained it; this really enabled the crypto to remain strong above the trend line.
On the 15-minute chart today, there is a broader recovery in the prices. The price of Arbitrum jumped up to a $1.652 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 leads to more intraday gains in assets to higher prices.
In addition, 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 head towards the $2.000 high value in no long time on the lower time frame.
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