Arbitrum Price Forecast: October 24
The ARBUSD pair is positive today and also reached its peak time as buyers remain dominant in the market at the moment. The coin price is currently running a bullish race as the crypto is facing high pressure from the bulls. Conversely, if the coin prices sustain above the level of $0.896, the bulls’ trend would continue upward and possibly hit the $1.000 upper high level. Hence, a big turnaround and a buy signal for the coin investors.
Key Levels:
Resistance Levels: $0.700, $0.750, $0.800
Support Levels: $0.550, $0.500, $0.450
ARBUSD Long-term Trend: Bullish (4H chart)
Arbitrum turns positive today. The price is strongly trading in a bullish momentum and also reaches its peak time in its higher time frame which confirms its bullish growth. This looks nice for the buy trader and signifies a buy signal. 
The bulls’ pressure on the currency pair in the past few hours has made it possible for the price to remain in an upward trend zone in its recent high.
The price finds reliable resistance at around level $0.859 resistance level above the EMA-50 as the 4-hour session opens today, resulting in intraday gains.
The coin shows a high momentum V-shaped recovery from the $0.820 support and its potential upswing could revisit the $0.896 supply level soon.
In continuation, the daily signal suggests an uptrend continuation in the coming days. It is expected that buyers to push the price of ARBUSD further up to a significant level and in this case, the target might be a $1.000 supply level as the price maintains its peak time in the higher time frame.
ARBUSD Medium-term Trend: Bullish (1H chart)
On the 1-hour chart, prices are above the moving averages and have confirmed a bullish momentum breaking the previous high. The pair has reached its peak time and also remains in a smooth uptrend as can be seen from the chart below.
The price increase to the $0.848 high value during the previous action has made the coin price trade above the supply levels in its recent high.
ARBUSD is losing bearish momentum as it rises to a $0.859 high level above the moving averages as the 1-hour chart begins today. This is due to a high bullish impact on the market price.
Hence, Arbitrum is showing more upside possibilities as shown by the momentum indicator pointing up; we can certainly expect more gains and strength from the coin as it reaches its peak time. As a result, the pair may likely reach the $1.000 resistance level soon in its lower time frame.
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