Arbitrum Price Forecast: July 25
ARBUSD price is now facing the positive side while making new corrections. The price retracement may surge above the $0.828 previous high level if the bulls could trigger their buying tension on the asset. Thus, the $1.000 upper high level amid renewed buying momentum might be reached, resulting in an intraday gain for the coin buyers.
Key Levels:
Resistance Levels: $0.700, $0.800, $0.900
Support Levels: $0.400, $0.300, $0.200
ARBUSD Long-term Trend: Bullish (4H Chart)
Arbitrum price retracement may surge above its crucial level as we can see the coin market growing above the resistance levels, indicating a bullish trend in its long-term outlook.
The bulls’ pressure on the cryptocurrency to a $0.759 high mark in the last 24 hours has made the price retracement remain above the supply level in its recent high.
Today, the bulls’ price retracement to a $0.782 high level above the EMA-50 as the 4-hour chart opens indicates the investors’ confidence in the crypto.
Thus, if the ARBUSD’s price could sustain above the $0.828 high level, the price retracement may surge to hit $0.1000 at the upper high level, attracting more buyers.
In addition, the daily signal suggests an uptrend. Hence, the Arbitrum price retracement could increase to the $1.000 upper resistance level in the higher time frame.
ARBUSD Short-term Trend: Bearish (1H chart)
On the 1-hour chart, the ARBUSD price retracement is below the moving averages, indicating a bearish trend. The intervention from the bears to a $0.775 low value during the past session has made the coin price trade below the supply levels in its recent high.
After the completion of the low dips, the price retracement to a $0.782 supply level below the moving averages as the 1-hour chart resumes today is due to the brief returns by the bulls and may surge above the resistance trend line sooner.
Therefore, if the bulls put extra effort into the buying pressure, the Arbitrum price retracement may surge above the $0.825 previous resistance level, resulting in an intraday gain for the coin traders.
In addition, it is expected that the price retracement may surge above the $0.825 resistance level to reach the $1.000 upper high level in the coming days in its short-term outlook.
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