Arbitrum Price Forecast: March 12
The ARBUSD pair at the moment is trying hard not to fall by resisting sellers. The coin price jumps above the $2.111 resistance trend levels, sending a clear bullish signal that the bulls are still very strong. In case the bulls’ pressure breaks up the resistance level of $2.406, the coin price may increase further to a $2.500 high trend line which indeed will be a big turnaround and a buy signal for the coin investors.
Key Levels:
Resistance Levels: $2.000, $2.050, $2.100
Support Levels: $1.800, $1.700, $1.600
ARBUSD Long-term Trend: Bullish (Daily chart)
The Arbitrum price remains in a bullish market as the coin price jumps above the $2.111 resistance level in its long-term outlook. The price bar is seen above the EMA-50 which confirms its bullish growth.
The bulls’ high impact on the currency pair in the past few days has made it possible for the price to jump above the resistance zone in its recent high.
Following the recent surge in the coin market at the time of writing this article, the ARBUSD price finds reliable resistance at around $2.111 level above the EMA-50, resulting in intraday gains.
Hence, should the buying pressure persist, and the bulls close the hourly chart above the $2.406 previous high mark, the ongoing recovery could lead the market price of Arbitrum to remain stable at the upside and stop any further bearish moves.
Similarly, more jumps are ahead as the coin price suggests an uptrend on the daily signals which is pointing upwards. This means that the selling pressure is not likely to continue. In light of this, the bulls may likely hit the $2.500 upper resistance value soon as the crypto price jumps above the resistance level in its medium-term outlook.
ARBUSD Medium-term Trend: Bullish (4H chart)
Despite the interference of short-term traders in the price flow, the price action of Arbitrum now jumps above the resistance level on the medium-term outlook. 
The price of ARBUSD can now be seen progressing upward above the EMA-50 approaching the overhead resistance. This shows that buyers are currently gaining more strength in the market.
The sustained bullish pressure on the coin at $2.157 during the previous action has made it possible for the coin price to jump above the resistance levels in its recent high.
The momentum continues today after a series of dip-lows by the sell traders, the ARBUSD price jumps above the resistance level at $2.111 as the 4-hourly chart opens today. This shows the high impact of the buy investors on the crypto market; likewise, the downside risk remained uncertain.
Hence, new buying motives by the long traders toward the higher side are likely as indicated by the momentum indicator pointing in an upward direction; the bulls could therefore aim at the psychological level of $2.500 upper resistance value in the days ahead as the cryptocurrency price jumps above resistance levels in its medium-term perspective.
Place winning Arbitrum trades with us. Get ARB here
Leave a Reply