Arbitrum Price Forecast: July 11
It could be seen that the ARBUSD price is set for an increase following the completion of the low momentum. The chart shows that the asset may rise or increase by 5% soon to test the previous high of $2.256 level, as it attempts to prolong the recovery. Therefore, if the bulls succeed, the coin price may increase above the $2.256 resistance point to reach the $2.500 upper boundary of the range, resulting in a great investment opportunity for the coin buyers.
Key Levels:
Resistance Levels: $1.000, $1.100, $1.150
Support Levels: $0.700, $0.600, $0.500
ARBUSD Long-term Trend: Bearish (Daily chart)
ARBUSD rebounded after its downside moves. The coin price is set for an increase as it faces the overhead resistance level in its medium-term time frame. 
The coin price is below the EMA-50, indicating a bearish trend. The market shows that the bulls are set to increase the coin price and set the potential for a high recovery.
The prolonged bearish pressure during the previous session at the $0.648 support level has kept the coin price below the supply trend levels at its latest low.
A rise in the price of Arbitrum at the press time to a $0.685 high value below the moving averages as the daily session begins today, affirming that the coin price is set for an increase as it is actively traded by the buy traders at the moment.
Hence, with an increase in buying momentum, the price action could break above the $2.256 resistance level, propelling the crypto higher by 20% and strengthening the bullish momentum.
In addition, the momentum indicator shows that the price of ARBUSD is set for an increase and will still bounce up. We expect the price distribution to reach the $2.500 supply level and beyond in the coming days in its medium-term-term outlook.
ARBUSD Medium-term Trend: Bearish (4H chart)
Despite the current sell-off in the market, the ARBUSD pair is set for an increase in its medium-term outlook. The price bar can be seen progressing upward slightly below the moving average lines and has confirmed its bearishness.
The sustained bearish pressure at the $0.639 support level during yesterday’s session also contributed to its bearishness in its recent price level.
Today, the ARBUSD price is set for an increase as the bulls pushed the coin price to a $0.685 high mark below the resistance line as the 4-hour chart resumes, suggesting an attempt by the bulls to potentially strengthen the bullish momentum.
However, sealing this corrective pattern above the $0.976 supply trend line will result in a genuine recovery rally and additional intraday gains for coin holders.
Notably, the bulls are set for an increase to a psychologically key level on the upside soon, as indicated by the daily signal pointing upwards. Therefore, the next target by the bulls could be the $2.500 upper resistance level in the days as the ARBUSD price sets for an increase in its medium-term time frame.
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