Arbitrum Price Forecast: April 25
ARBUSD is currently trading in an ascending channel and will increase further. The coin may likely increase further if the bulls could push the price high and the market price sustains above the $1.785 previous supply mark, the potential rally could surge above the $1.819 higher level to hit $2.000 upper resistance value, resulting in an intraday gain for the coin holders.
Key Levels:
Resistance Levels: $1.650, $1.750, $1.850
Support Levels: $1.450, $1.350, $1.250
ARBUSD Long-term Trend: Bullish (1H chart)
The ARBUSD pair showed evidence of a bullish rally and a surge above the EMA-9 indicates growth in bullish momentum in its long-term outlook. This bullish pattern will further encourage further recovery and breach the $1.446 supply level.
The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend in its recent high.
The market price Arbitrum at the $1.445 resistance level which later increases to a $1.446 high level above the EMA-9 shortly after the 1-hourly chart opens today indicates that bulls are more active in the market at the present. However, the higher price injector attached to the retest candle reflects a high impact on the bullish commitment.
Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A strong breakup above the $1.819 resistance point would strengthen the bullish pressure.
Additionally, if ARBUSD buyers could hold above the $1.819 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price could pump or surge upsides to hit the $2.000 resistance value soon in its long-term outlook.
ARBUSD Short-term Trend: Bullish (15-Minute chart)
The Arbitrum market turns positive today. The price opened lower but managed to trade in green over the past few minutes in its short-term outlook. This means that the coin is in a bullish trend zone.
The coin made it to the $1.482 high level during the previous action and has made the price remain in green in its recent high.
The bulls made a smooth ride up to the $1.446 resistance level above the EMA-9 with its wick touching the EMA-50 shortly after the 15-minute opens today. This shows that the buy traders are actually on top of the market at the moment, traders are hereby advised to seize the opportunity and buy the coin now to have more gains ahead.
This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.
In addition to that, the price action might possibly continue in an uptrend as the price indicator signaled upward; if the buy traders should increase their price action, and bullish momentum is sustained, the ARBUSD pair may likely increase further to a significant level of $2.000 upper resistance level and beyond before the close of today. This signals a BUY trade again in its lower time frame.
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