Arbitrum Price Forecast: June 13
ARBUSD price next jump may possibly reach the $2.000 upper resistance value as the coin at the moment is currently recovering and facing the upper channel. Thus, a sharp breakout and closure above the current correction phase at the $1.009 high value will invalidate any bearish thesis and the price might hit the high of $2.000 upper level and beyond. Thus a turnaround and a clear buy signal for the coin buyers.
Key Levels:
Resistance Levels: $1.650, $1.750, $1.850
Support Levels: $1.350, $1.250, $1.150
ARBUSD Long-term Trend: Bearish (4H chart)
ARBUSD is in a bearish trend market in its long-term view. The prices are traded below the moving averages which has confirmed is bearish trend. Currently, the bulls are around the market so It seems that the bulls are about to take over and push us higher. 
The bears’ pressure on the crypto at the $0.951 in the past few hours has dropped the price down below the supply trend levels in its recent high.
Commitment from the bulls now retraced the price of Arbitrum from the mentioned support to a $1.009 high mark below the two moving averages as the 4-hourly chart opens today.
This will prolong the upward rally and fueled the release of more buy investors into the market.
Hence, should the bulls increase their buying motives, the previous high of $1.264 value might be retested soon.
Adding to this, the ARBUSD pair has a target price of $2.000 supply level as it’s about climbing the resistance level as indicated by the daily stochastic pointing upwards. The mentioned target might be reached in the days ahead in its long-term perspective.
ARBUSD Medium-term Trend: Bullish (1H chart)
Arbitrum remains bullish on the medium-term time frame. This is clear as we can see the prices trading above the EMA-9.
The sustained bullish pressure pushed the currency pair up to the $1.000 supply level during yesterday’s session and sustained it. This has made it capable for the coin to remain in an uptrend in its recent high.
The bulls caused an increase to the $1.009 resistance level above the EMA-9 approaching the overhead resistance as the 1-hourly chart opens today, this confirms the present of more bulls in the market at the moment. Thus, staying above the moving averages will enable the coin to rise further.
Next, the ARBUSD 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 supply trend line in the days ahead in its medium-term perspective.
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