Arbitrum Price Forecast: March 26
The Arbitrum (ARBUSD) price is likely to increase; the price retracement may reach the $2.500 high level as the bulls have determined to push us higher. If the price makes a retest at a $2.406 high mark, then the price may jump up to hit the $2.500 trend line and beyond.
Key Levels:
Resistance Levels: $1.660, $1.661, $1.662
Support Levels: $1.550, $1.450, $1.350
ARBUSD Long-term Trend: Bearish (Daily chart)
Arbitrum price retracement on the higher time frame may reach a key resistance level at the upside very soon. This is due to the gradual return of the bulls into the market. The price responded to the shift in the market structure and is currently trading below the moving averages. 
The market has been slowed down due to the interaction from the bears to the $1.579 support level during yesterday’s session.
With the sustained buying pressure, the ARBUSD price retracement touches the high at $1.669 level below the EMA-50 as the daily chart opens today. This suggests that buyers are returning to stage a play in the market.
Thus, the price retracement will bounce up as the price projector signals an uptrend in the oversold region of the market. This means that the bullish correction pattern or the price retracement may reach the $2.500 resistance trend line sooner in the long-term outlook.
ARBUSD Medium-term Trend: Bearish (4H chart)
The momentum in the medium term is also bearish. Meanwhile, the price retracement by the bulls may reach the upper high mark as soon as we can see a new correction in place.
The bears’ pressure to a low at the $1.579 level in the last few hours has made the Arbitrum price remain below the supply levels in its recent high.
The price which now trades at the $1.664 supply mark below the resistance level is an indication that the bulls are actively buying the coin at the moment and the price retracement may reach the upper high level soon. This will eventually make the coin gain more strength and push higher.
Adding to this, the price retracement could continue if the market sentiment doesn’t witness any unfavorable situation. With this new phase, the price of ARBUSD may likely reach a $2.500 high level soon in its medium-term time frame.
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