Arbitrum Price Forecast: August 20
Today, the ARBUSD price hints at a bullish continuation at the $0.554 resistance level and will most likely continue in the same trend. The price is increasing and an opportunity for the coin buyers to invest. Hence, if buyers should exert more force into the price action in the market, a bullish breakout from the current supply at the $0.554 mark could extend the coin price to the $0.0800 high level and beyond, suggesting growing investors’ interest and participation in the market.
Key Levels:
Resistance Levels: $0.550, $0.600, $0.650
Support Levels: $0.400, $0.350, $0.300
ARBUSD Long-term Trend: Bearish (4H chart)
Amid a market rally, the ARBUSD hints at a bullish continuation as buyers decide to accelerate the buying pressure for a prolonged recovery in the higher time frame. 
The price bar is trending slightly below the moving averages, confirming its bearish trend. So, the bulls are about to take over and push us higher.
Sellers’ activity on the crypto at $0.531 in the last session has made the price remain below the supply trend level in its recent high.
However, the coin buyers are optimistic, as the Arbitrum markets hint at a bullish continuation at the $0.554 supply level below the EMA-50, indicating the coin buyers’ interest and gradual return to the market to stage a play.
Hence, should the bulls increase their buying motives, the previous high of $0.828 value might be reached soon.
In addition, the coin market is pointing up on the daily stochastic; this will quicken the emergence of more buyers to move the ARBUSD price to a significant level at the upside, hitting the $0.800 supply trend mark in the days ahead as the Arbitrum market hints at a bullish continuation in its higher time frame.
ARBUSD Short-term Trend: Bullish (1H chart)
The Arbitrum price hints at a bullish continuation as it progresses above the supply trend levels, suggesting an uptrend in its short-term outlook due to the high impact of the long-term traders in the price flow. 
The bulls’ pressure on the coin to the $0.539 supply value in the past few hours is the cause of its bullishness in its recent price level.
At the time of writing today, the bulls increased the ARBUSD price to the $0.554 high point above the EMA-50 shortly after the 1-hour chart opens, as the crypto price hints at a bullish continuation to validate the bullish correction. Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels.
Next, the ARBUSD price indicates an uptrend, suggesting that the coin price might continue its bullish pattern and head toward the $0.800 supply trend line in the days ahead as it hints at a bullish continuation in its short-term outlook.
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