Arbitrum Price Forecast: November 2
The Arbitrum (ARBUSD) shows fundamental growth and also remains strong above the resistance mark. The coin has been in a bullish rally in the previous action and from the look of it, it will keep growing. Hence, a further increase in the bulls’ action may trigger the coin price up and break the previous high at the $1.350 mark, this may extend the price action to reach the $1.400 resistance trend line and beyond.
Key Levels
Resistance Levels: $0.900, $0.950, $1.000
Support Levels: $0.800, $0.750, $0.700
ARBUSD Long-term Trend: Bullish (Daily chart)
ARBUSD is in a bullish scenario as can be seen on the daily chart below. Sellers are panicking as the prices remain strong above the moving average line, confirming an uptrend.
The sustained bullish pressure at the $0.965 resistance level during yesterday’s session has made it possible for the coin to remain strong above the supply levels in its recent high.
Earlier today, the bulls made a smooth ride up to a $0.983 high mark above the moving averages; this signifies that the buy investors still remain dominant in the market and are actually buying the coin.
Thus, should the bulls change their orientation and the buying pressure persists, the
Arbitrum may likely touch the bullish pattern at the $1.305 supply level to bolster the recovery sentiment on the coin.
Adding to that, the price of ARBUSD is pointing upwards on the daily stochastic which means that further upside is certain. It is therefore expected that the buy investors will move the price of Arbitrum up and this might reach the $1.400 high value soon as the coin price remains strong above the resistance value in its higher time frame.
ARBUSD Medium-term Trend: Bullish (4H chart)
ARBUSD is in a bullish race in the medium-term outlook. The coin remains strong above the resistance level ascertaining its bullish trend. 
Buyers also made an upward move to the $0.965 resistance level before the end of the previous action. This gave buyers more strength to continue with the trend in its recent high.
The bulls are not relenting, an increase in the price of Arbitrum to the $0.971 supply value above the EMA-50 as the 4-hour session opens today, shows that the buy traders are actually on top of the market at the moment.
Therefore, if the bulls should add more aggression to their activities in the market, the $0.994 previous resistance level might be reached soon which could lead to additional gains for the buy investors.
Similarly, the market price of ARBUSD indicates an uptrend on the daily signal. If the buy traders should increase their price action, and bullish momentum is sustained, the Arbitrum price may likely pump up to a significant level at a $1.400 value as the crypto remains strong above the resistance levels in its medium-term outlook.
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