Arbitrum Price Forecast: May 30
The Arbitrum (ARBUSD) shows fundamental growth and also remains on the positive side above the $1.179 supply mark. If the coin price could sustain above the pattern supply trend line, the coin price may trigger up to the overhead resistance mark at the $2.000 level, thus a clear buy signal.
Key Levels
Resistance Levels: $1.650, $1.750, $1.850
Support Levels: $1.250, $1.150, $1.050
ARBUSD Long-term Trend: Bullish (4H chart)
From the chart below we can be assured that ARBUSD is in a bullish move in its long-term view. This is clear as we can see price continues to make higher highs and higher lows.
The sustained bullish pressure pushed the pair up to the $1.179 resistance level during yesterday’s session and sustained it; this has made it capable for the coin to remain strong above the supply levels in its recent high.
Today’s 4-hourly bullish candle at the $1.204 resistance level above the moving averages confirms the bulls’ dominance in the market. This breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level.
Hence, a bullish impact by the buy investors toward the higher side is likely as indicated by the momentum indicator pointing in an upward direction, the bulls could therefore aim at the psychological level of $2.000 upper resistance value in the days ahead as ARBUSD remains firm above the supply levels in its long-term perspective.
ARBUSD Medium-term Trend: Bullish (1H chart)
The Arbitrum price also trades in a bullish trend market in the medium-term outlook. This is due to the high impact of long-term traders on the price flow. 
The bullish impact on the cryptocurrency to the $1.179 supply level during the previous action has sustained its firmness above the supply levels in recent times.
Today, the bulls made an upward move again to the $1.202 high value above the moving average lines as the 1-hourly chart opens. The ARBUSD price looks promising as the bulls remain dominant in the market at the moment. If the bulls should increase their price action, and bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated.
Additionally, should the coin buyers add an extra effort to their buying pressure and the coin price manage to break above the $1.208 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $2.000 upper high level in the days ahead in its medium-term perspective.
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