Arbitrum (ARBUSD) Price Will Keep Rising, Buy!

Arbitrum Price Forecast: April 13
ARBUSD price will keep rising. The coin at the moment is currently recovering and facing the upper channel. Thus, if the coin closes above a $1.288 high mark, the accelerated buying pressure may increase the price to revisit the $1.400 supply value which could further extend to the $3.000 upper resistance level, and a potential buy signal.

Key Levels:
Resistance Levels: $1.250, $1.350, $1.450
Support Levels: $1.120, $1.110, $1.109

ARBUSD Long-term Trend: Bullish (1H chart)
ARBUSD turns positive as can be seen from the chart below. The coin price now trades above the moving averages and confirms a bullish race. This is due to the high impact of the buy investors in the coin market.

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 price opened lower but managed to trade in green over the past few hours. The price finds a reliable resistance at the $1.198 trend line above the moving averages as the 1-hourly session begins today, resulting in intraday gains. This will prolong the upward rally and fuel the release of more buy investors into the market.

As of now, the price signal is pointing upwards indicating a bullish move and in this case, the price of Arbitrum could jump up to hit the $3.000 supply mark sooner in its long-term outlook.

ARBUSD Short-term Trend: Bullish (15-Minute chart)
Analyzing the chart below, we can clearly see ARBUSD is in a strong bullish market zone. The price currently trades above the two EMAs making higher highs and moving toward the major upper resistance area.

The strong push by the buyers to the $1.198 resistance trend line above the moving averages as the 15-minute chart opens today shows that the buying activities are rising. Thus, if the long traders could break above the $1.242 supply mark, the bearish thesis will be invalidated.

Likewise, there is a possibility of more upsides as indicated by the price signal which is pointing in an upward direction. This may extend the price of Arbitrum to a high at $3.000 upper resistance value soon in its lower time frame.

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