Arbitrum (ARBUSD) Price Forecast: March 14
ARBUSD price will most likely increase further to continue its bullish run and the price could still go higher. The coin is pointing to a possible rise in the future. Further increase in the bulls’ pressure may break up above the $2.406 level and this may push the price of the crypto to the $2.500 upper high mark, resulting in a potential buy signal.
Key Levels:
Resistance Levels: $1.900, $2.000, $2.100
Support Levels: $1.700, $1.600, $1.500
ARB (USD) Long-term Trend: Bullish (Daily Chart)
The ARBUSD pair showed a bullish momentum and it is set to increase further in its long-term outlook. The bulls attempted to climb above yesterday’s high of $2.146. Nevertheless, the bias remains positive.
During yesterday’s session, the pair reached and held the $2.146 resistance level. This has made it possible for the coin to remain in an uptrend in its recent price level.
The drop in the price of Arbitrum to the $1.960 low value above the moving average as the daily chart commenced today has no serious effect on the market as the price remains in an uptrend and may likely increase further. Hence, staying above the supply levels indicates a strong possibility for a bullish correction.
Therefore, if the bulls could change their orientation and add more forces to their buying activities, the ARBUSD price is likely to increase further and retest the high accumulation zone of $2.406 level.
Similarly, should the bulls exchange hands with the sell traders at the $1.960 low value and close above the $2.406 resistance value, the coin price might increase further to a $2.500 resistance level which could lead to additional gains for the buy investors in its medium–term outlook.
ARB (USD) Medium-term Trend: Bearish (4H Chart)
Analyzing the chart below, we can see clearly that ARBUSD is set to increase further as the price currently trades below the EMA-50 making higher highs and moving towards the resistance area.
The bears’ pressure on the crypto at the $2.056 support level in the past few hours has contributed to its bearishness in its recent price level.
With sustained buying, the coin price challenged another resistance zone of $2.026 as a pullback below the moving average line as the 4-hourly chart resumes today, indicating buyers’ attempt to prolong the bullish rally and increase further.
Further, an increase in the buying pressure might lead the price of Arbitum to retest the previous high of $2.280 high mark, obtaining a higher footing to increase.
In addition, more upsides are likely as the momentum indicator points upwards indicating that the price is still in an uptrend. With this trend, the market price of ARBUSD may increase further to hit the $2.500 higher level and beyond soon in its medium-term outlook.
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