Arbitrum Price Forecast: September 17
The Arbitrum market is potentially down and the price reversal is imminent at its current support as the market selling pressure is about to end. This reversal pattern could assist coin buyers in challenging the $2.256 neckline barrier and remaining stable at the upside. Should the bulls regroup and push higher, the price reversal could turn positive and accelerate the new bullish correction to a $2.500 upper resistance mark and beyond, registering a potential gain for the coin buyers.
Key Levels:
Resistance Levels: $0.800 $0.900, $1.000
Support Levels: $0.500, $0.450, $0.400
ARBUSD Long-term Trend: Bearish (Daily Chart)
Arbitrum price reversal is imminent as the selling pressure is about ending and the price could be ready for another reversal to the upside in its long-term outlook. 
As an outcome of low bullish momentum, the coin price is below the EMA-50, indicating a bearish trend. The bearish pressure at the $0.511 support level in the past session has made the coin remain below the supply trend levels in recent times. However, a price reversal is imminent as the coin-selling pressure is almost going off.
The ARBUSD price at the $0.498 support value below the moving average is undeniably bearish as the daily session opens today, suggesting that a price reversal is imminent.
Thus, a positive breakout above the current support level is required to validate the prospective Bull Run if buyers eventually reclaim trend control from sellers and rebound from the $0.489 support.
Meanwhile, a price reversal is imminent as the selling pressure will end soon and further downsides may be unlikely as the market price of Arbitrum is now approaching the oversold region.
The coin price will look for an upside reversal to resume an uptrend soon. If this is achieved by the bulls, the next price target might be the $2.256 resistance value in the days ahead in its higher time frame.
ARBUSD Medium-term Trend: Bearish (4H chart)
The ARBUSD price reversal is imminent as the selling pressure seems to have been exhausted on the medium-term outlook. So, the bulls may resume the uptrend soon, to take us higher. 
The coin price is below the EMA-50, indicating a bearish trend. As the 4-hourly chart begins today, bearish actions sent the Arbitrum price lower, reaching the $0.505 support level below the EMA-50.
Thus, a price reversal is imminent to break out above the $0.637 previous swing high and provide an opportunity for buyers to regain control and potentially drive the coin price toward the upper resistance area.
Meanwhile, the ARBUSD market is at the oversold region, indicating that further downside move is uncertain and a price reversal is imminent at the $0.505 current support.
This will compel the long traders to emerge soon and push the market price of ARBUSD up to a significant level at $1.250 upper high level in the days ahead as the coin price reversal is imminent in its medium-term time frame.
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