Arbitrum Price Forecast: October 5
The Arbitrum price is likely to grow more and an opportunity to go long for the coin investors. Having finished the downward correction, the crypto might likely continue its upside move if the current support at $0.926 value holds, and the 4-hourly chart closes above the $0.967 resistance level, then there is a high probability of the price going up to its recent swing high, which is $0.985 resistance trend line which will turnaround the recovery pattern to a higher level.
Key Levels:
Resistance Levels: $1.650, $1.750, $1.850
Support Levels: $1.350, $1.250, $1.150
ARBUSD Long-term Trend: Bearish (4H chart)
The ARBUSD pair indicates an upward trend with a bullish sentiment in its long-term perspective. As can be seen from the chart, bullish momentum is accumulating on the pair right now and could also grow more.
Pressure from the bulls to a $0.904 high value in the previous action has sustained its upward stability in its recent high.
As a result of price rejection in the previous action, buyers have been able to push the price of Arbitrum higher to a $0.914 high level above the EMA-50 as the 4-hourly session opens today.
Hence, the crypto is likely to grow more, and more gains are possible if the bulls can put extra effort into the price action.
Similarly, the momentum indicator pointing upwards in the oversold region suggests the continuation of the bullish trend. Thus, the price of Arbitrum might possibly grow more to hit the $1.000 supply value in the coming days in its long-term outlook.
ARBUSD Medium-term Trend: Bearish (1H chart)
Arbitrum price is bearish on the medium-term time frame. Further, the price is trading below the EMA-50; which means that it’s in a bearish market zone at the moment. 
Meanwhile, this will soon be invalidated as the trend has just resumed its rising pattern to grow more but has not yet reached its goal.
The price drop to the $0.902 low value by the short traders during the previous action has made the coin price trade below the supply levels in its recent high.
The coin price at the $0.910 supply mark shortly after the 1-hourly chart opens today is a pullback by the bulls to invalidate any further bearish trend. With sustained buying, the price of ARBUSD could challenge the resistance zone of $0.985, indicating the buyers’ attempt to prolong the bullish rally.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.985 previous high, the resulting rally may push the crypto price to grow more and hit the $1.000 psychological level at the upside in the days ahead in its medium-term perspective.
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