Arbitrum Price Forecast: October 26
ARBUSD‘s price is currently running a bullish race and remains stable at the moment. The price might reach a high resistance level of $1.400 as the crypto is facing high pressure from the bulls. In case buyers manage to break up the pattern’s resistance trend line at a $1.350 high value, a possible relief rally may drive the coin market price to the $1.400 resistance mark. Thus a turnaround and a clear buy signal for the coin buyers.
Key Levels:
Resistance Levels: $1.000, $1.050, $1.100
Support Levels: $0.800, $0.700, $0.600
ARBUSD Long-term Trend: Bullish (Daily 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 and the price might reach the high resistance level soon to confirm its bullish trend.
In the previous actions the coin has been having high interference from buyers which really made it easier for the crypto to maintain stable upside moves in its recent time.
The price finds a reliable resistance at around the $0.948 mark above the moving average lines as the daily chat opens today which resulted in intraday gains for the bulls.
Now, if the price on the daily chart closes above the $1.269 high value, then there is a high probability of the price going up to its recent swing high, which is the $1.350 level.
Additionally, the Arbitrum price is showing more upside possibilities as we can certainly expect more strength from the coin and this might reach the high resistance level of $1.400 in the coming days in its long-term outlook.
ARBUSD Medium-term Trend: Bullish (4H chart)
A high bullish pressure still dominates the ARBUSD pair in the medium-term time frame. The coin price is now strongly trading above the moving average with huge volumes from the bulls. Thus, the recent market structure has favored the bulls and the price might reach the high resistance level soon. 
The sustained bullish pressure to the $0.889 supply level during the previous session has made it easier for the coin to remain firm in an uptrend in its recent high.
On the 4-hour chart today, there is a broader recovery in the prices. The coin price jumped up to a $0.914 supply level above the moving average 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 might reach the high resistance level of $1.400 high value in no long time from the medium-term perspective.
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