Arbitrum Price Forecast: October 17
There is a possibility for the ARBUSD price to keep rising and may increase to a $1.00 high value if the coin investors add more effort to their buying motives. The coin is now facing the upper resistance level and may likely continue with the high hike provided buyers don’t give up and increase their momentum pressure in the market. The coin might turn upsides further to a $1.00 high level and beyond which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $0.90, $0.95, $1.00
Support Levels: $0.70, $0.65, $0.60
ARBUSD Long-term Trend: Bullish (4H chart)
From the chart below, we can be assured that ARBUSD is in a bullish move in its long-term view. It looks like the price will want to increase again in the long term. The coin is trading slightly above the moving averages which have confirmed its bullishness. 
The sustained bullish pressure pushed the pair up to the $0.80 resistance level during yesterday’s session and sustained it; this has made it possible for the coin to remain strong above the supply levels in its recent high.
The current price of the pair at the $0.82 resistance level above the two EMAs as the 4-hourly session opens today indicates an uptrend in the context of the strength of the market. This gives room for a more bullish impact on the market at the moment.
Therefore, if the bulls should increase their tension in the market, the price tendency will move above the $0.98 supply key levels. Further, the rising prices reclaimed more confirmation for a bullish recovery.
Additionally, the daily stochastic indicates an uptrend, hence, there is a tendency for the Arbitrum price to increase further, if the support level at $0.80 holds, this will enable buyers to take the coin price up to a high of $1.00 soon in its long-term perspective.
ARBUSD Medium-term Trend: Bullish (1H chart)
The crypto is also trading in a bullish market zone in the medium-term time frame. The price of ARBUSD can be seen trading strongly above the moving averages. This shows that buyers are currently gaining more strength in the market.
However, it seems that the bulls are about to take over and increase the coin higher. There are multiple possible targets at this point, but either way, the pair is on its way to the overhead resistance area.
The coin has been having a series of higher highs and higher lows in the past few hours which have sustained the bullish impact on the cryptocurrency in its recent high.
After the brief return of sellers, the bulls made an aggressive move up to the $0.82 resistance level above the two EMAs shortly after the 1-hourly chart opened today. This however makes it possible for the coin to increase further.
Trading above the moving averages will enable the market value of Arbitrum to keep increasing. Therefore, if the bulls should add more aggression to their activities in the market, the $0.85 previous resistance level might be tested soon.
Adding to this, fresh entries by the buy traders toward the higher side are likely as indicated by the daily stochastic pointing up, the bulls could therefore aim at the psychological level at the $1.00 value in the upper resistance area in the days ahead in its medium-term perspective.
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