Arbitrum Price Forecast: April 9
The ARBUSD price is preparing to rise from the support level after completing the low dips. The coin price could be ready very soon for another upward move potential if the forces from buyers increase and the current support level at $1.383 holds. If this is attained, a possible relief rally may drive the coin market price to the $2.400 upper resistance level and beyond, which will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $1.300, $1.400, $1.500
Support Levels: $1.100, $1.000, $0.900
ARBUSD Long-term Trend: Bearish (Daily chart)
As can be seen from the daily chart, the Arbitrum price is preparing to rise from the support level. The coin is now finding its way to the resistance level to wave off the bearish thesis. 
Further, the price is trading below the EMAs; which means that it’s in a bearish market zone
at the moment.
The price drop to the $1.383 low value in the past few days has made the coin price trade below the supply levels lately. It will become invalid soon as the pair has just resumed its upward trend, preparing to rise from the support level.
The ARBUSD pair relieved the bears and moved up to a $1.505 value as the daily chart opens today. This indicates the high impact of the bulls on the cryptocurrency which may attempt the $2.406 breakout.
Notably, the market is pointing up on the daily stochastic; this means that the crypto is open for bullish growth, in light of this, the price of Arbitrum which is preparing to rise from the support level might increase to hit the $2.400 upper resistance mark in the days ahead in its higher time frame.
ARBUSD Medium-term Trend: Bearish (4H chart)
The ARBUSD pair is in a bearish movement zone in its medium-term outlook. This is due to the high inflow of sellers on the coin. Further, the price is preparing to rise from the support level and has decided to face the upsides to achieve more gains.
Action from the bears at the $1.461 support level in the past session has contributed to its bearishness in its current price level.
The bulls made an increase to the $1.500 supply value below the EMA-50 as a pullback to resume its uptrend as the 4-hourly chart opens today. This will encourage the buy traders to invest in the crypto, as possible future gains are certain as the coin price is preparing to rise from the support level.
Meanwhile, should the bulls prove stronger and increase their buying pressure, the price of Arbitrum may rise from the support level to retest the $2.256 previous high point suggesting a strong supply zone and a potential BUY for the coin investors.
Similarly, the price signal which is pointing upwards indicates that the trend will remain in an uptrend, if buyers should intensify their tension in the market and the prices break above the current resistance trend line, a bullish trend continues to the overhead resistance of $2.400 is possible soon as the ARBUSD price is preparing to rise from the support level in the medium-term outlook time frame.
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