Arbitrum Price Forecast: August 27
ARBUSD is experiencing a correction phase. The coin price targets the $1.00 high mark amidst market fluctuation and remains stable at the upside. The coin price is increasing and at a possible buying opportunity for the coin buyers. If buyers exert more force into the price action, the crypto price might touch the $0.70 previous barrier and target the $1.00 upper supply trend level and beyond, signaling an uptrend continuation for more gains.
Key Levels:
Resistance Levels: $0.58, $0.59, $0.60
Support Levels: $0.47, $0.46, $0.45
ARBUSD Long-term Trend: Bullish (4H chart)
Amidst market fluctuations, the ARBUSD price targets the$1.00 high mark as it continues its journey northwards in its long-term view. The prices are traded above the moving averages, confirming its bullish trend. 
The bull’s efforts to a $0.62 high level in the previous action have made the Arbitrum price target the $1.00 crucial high and remain above the supply trend level in its recent high.
Today, after testing the low of $0.58, the bulls caused a rise to the $0.60 high level above the moving averages as the 4-hourly chart opens, indicating that the ARBUSD traders are actively buying at this level.
However, the bulls’ additional efforts could target the $0.70 crucial barrier leading the coin price to a psychological key level at the uppermost side.
Further, continuation to the upsides is likely as the price indicator projects an upward move.
In light of this, the ARBUSD price might hit the $1.00 resistance trend line soon as it targets the overhead resistance and signals a buy trade in its long-term view.
ARBUSD Short-term Trend: Bullish (1H chart)
The Arbitrum price targets the $1.00 resistance level as it begins its bullish correction in the short-term outlook. This is due to the high impact of the long-term traders on the price flow. 
The bulls’ pressure on the coin to the $0.62 supply value during the past session has sustained the coin price to target the upper resistance and remains in an uptrend in its recent price level.
After updating the low at the $0.58 level, the bulls corrected a $0.60 high mark above the EMA-50 shortly after the 1-hour chart opened today; indicating that the buy investors are dealing in the coin investment.
Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels to target the overhead resistance.
Next, the ARBUSD price targets the $1.00 upper resistance level as it remains in an uptrend on the daily signal. Hence, an impressive move above the $0.63 previous high level might lead the Arbitrum price to target the $1.00 upper resistance in the days ahead in its lower time frame.
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