Arbitrum Price Forecast: February 1
Despite the bullish outlook of the ARBUSD market, the coin buyers established a solid base to uphold the uptrend at the $1.905 high mark and remain stable at the moment. The price might head to the $2.600 high mark as the crypto is facing high pressure from the bulls. If the coin price could sustain above the pattern supply trend line at the $2.406 previous high point, the coin price may trigger up to the overhead resistance mark at the $2.600 upper resistance level, thus a turnaround and a clear crypto signal for the coin buyers.
Key Levels:
Resistance Levels: $1.750, $1.850, $1.950
Support Levels: $1.550, $1.450, $1.350
ARBUSD Long-term Trend: Bullish (Daily chart)
ARBUSD buyers establish a solid base and remain stable above the supply levels in its long-term view. The prices are traded above the moving averages which has confirmed is bullish trend.
The coin made it to the $1.859 high level during the previous action and has made the price remain in green above the supply trend level in its recent high.
The buying crew continues the journey up north and established a solid base at the $1.905 high mark as the daily session resumes today.
The price bars are above the moving average lines; this indicates and shows the high impacts of the long traders on the cryptocurrency, thus a turnaround and more intraday gains for the coin buyers.
However, a further increase in the buying pressure could lead the price of Arbitrum to the retest of the $2.406 previous high mark which would influence the rising pattern of the crypto.
Additionally, the daily stochastic indicates an uptrend by pointing upwards, hence, there is a tendency for the coin to rise further, if the support level holds, this will enable buyers to take the price of ARBUSD up to a high of $2.600 level soon as it establishes a solid base at the current value in its long-term perspective.
ARBUSD Medium-term Trend: Bullish (4H chart)
The coin price also establishes a solid base above the supply levels while displaying a bullish posture in its medium-term outlook. This is due to the high inflow from the long traders. 
The price of ARBUSD can now be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.
The bulls’ pressure on the coin to the $1.859 supply value during the past session has sustained the coin price above the resistance trend levels in its recent price level.
The bulls established a solid base with a bullish candle to the $1.905 resistance level above the EMA-50 shortly after the 4-hour chart opens today. This however makes it possible for the coin to rise further.
The bulls are having the market at their disposal at the moment. However, a high retest to the breached $2.406 supply value suggests strength in bullish momentum.
Hence, Arbitrum is showing more upside possibility as indicated by the daily stochastic which is pointing in an upward direction. We can certainly expect more gains and strength from the coin as the bulls continue to dictate the market conditions.
The pair may likely reach the $2.600 resistance level in the days ahead as it establishes a solid base in its medium-term forecast.
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