Arbitrum Price Forecast: December 26
The Arbitrum (ARBUSD) price is likely to increase more and is an opportunity for coin buyers. Having completed the downward correction, the crypto might likely continue its upside move if the current support at $1.307 value holds, and the long-term chart closes above the $1.467 current resistance level, then there is a high probability of the price reaching the $1.500 upper resistance trend line
Key Levels:
Resistance Levels: $1.250, $1.350, $1.450
Support Levels: $1.150, $1.100, $1.050
ARBUSD Long-term Trend: Bullish (Daily chart)
Arbitrum price is prone to increase more as it remains in a bullish trend in its long-term outlook. The Bulls are trying not to fall this time around. Further, the coin prices are traded above the EMA-50, this confirms a bullish trend.
The sustained bullish pressure on the crypto at a $1.443 high level in the past 2days has made it easier for the coin to maintain its upward increase in its recent high.
Today, actions from buyers have been able to push the price of ARBUSD higher to a $1.467 high level above the supply trend levels as the 4-hour session opens today. This implies that buyers are actively investing in the coin at the moment.
Hence, the price of Arbitrum is likely to increase more as more gains are possible if the bulls can put extra effort in the price action.
Notably, the momentum indicator pointing upwards suggests the continuation of the bullish trend. In light of this, the price of ARBUSD is prone to increase more and might hit the $1.500 upper resistance value soon in its long-term outlook.
ARBUSD Medium-term Trend: Bullish (4H chart)
The coin is also displaying a bullish posture and it is likely to increase more in its medium-term outlook. This is due to the high inflow from the long traders. 
The increase in the momentum by the bulls at the $1.405 supply value during yesterday’s session has enabled the Arbitrum price to stay strong above the resistance lines.
An increase to the $1.467 high level above the supply trend levels approaching the overhead resistance as the 4-hour chart opens today indicates that the traders are actively buying at this level.
Under the influence of a rising channel pattern, the Arbitrum price has showcased a steady increase over the past two weeks. This however creates a strong area of interest for buyers and also will give the crypto a high tendency to increase more.
Hence, the market is pointing up on the daily stochastic; this enables the price of ARBUSD to increase more and in this scenario, the target might be the $1.500 upper resistance level in its medium-term outlook.
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