Arbitrum Price Forecast: June 29
The Arbitrum price is likely to grow more and is an opportunity for coin buyers. Having finished the downward correction, the crypto might likely continue its upside move if the current support at $1.125 value holds, and the long-term chart closes above the $1.229 resistance level, the coin price will likely surpass the $1.258 peak with sustained buying pressure which might further plunge the prices to the $2.000 upper resistance value.
Key Levels:
Resistance Levels: $1.250, $1.350, $1.450
Support Levels: $1.000, $0.099, $0.088
ARBUSD Long-term Trend: Bullish (4H chart)
Arbitrum‘s price remains in a bullish trend in its long-term outlook. The Bulls are really trying not to fall this time around. Further, the coin prices are traded above the two EMAs, this confirms a bullish trend.
The bullish pressure at the $1.175 high value in the previous action has sustained the crypto above the supply trend lines in recent times.
Today’s 4-hourly bullish candle at the $1.209 resistance level above the moving averages confirms the bulls’ dominance in the market.
This breakup may possibly accelerate the bullish momentum and extend the ongoing correction to a higher level at the $1.258 peak.
Adding to this, the momentum indicator pointing upwards suggests the continuation of the bullish trend. The price of ARBUSD might possibly accelerate further to the $2.000 upper resistance mark in the coming days in its long-term outlook.
ARBUSD Medium-term Trend: Bullish (1H chart)
The coin is also displaying a bullish posture in its medium-term outlook. This is due to the high inflow from the long traders. 
The bullish impact on the Arbitrum market to the $1.148 supply level during the previous action has sustained its firmness above the supply levels in its recent price level.
Today, the bulls made an upward move to the $1.209 high value above the moving average lines as the 1-hourly chart opens. In addition, a breakout above this trend line will signal an early sign of buying opportunity.
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 $1.232 previous resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $1.232 previous high, the resulting rally may surpass the $1.258 level and hit the $2.000 psychological level at the upside in the day ahead in its medium-term perspective.
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