Arbitrum Price Forecast: March 19
The ARBUSD price retracement may surge higher above the $2.500 upper resistance level after updating the lows. The coin will most likely reverse and pull back to resistance after updating lows. If the price makes a retest at a $2.406 high mark, then the price may jump up to hit the $2.500 upper trend line and beyond, maintaining a stable upside for the coin investors.
Key Levels:
Resistance Levels: $1.900, $2.000, $2.100
Support Levels: $1.550, $1.450, $1.350
ARBUSD Long-term Trend: Bearish (Daily chart)
Arbitrum is trading in a bearish market; its price retracement may surge above the supply level soon in its long-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages. 
The persistent bearish pressure on the coin to a $1.735 low value during yesterday’s action has made the price stay below the supply levels in its recent low.
At the time of writing, the bears made a further drop in the price of ARBUSD to a low at $1.659 level below the moving averages as the daily chart opens today. This is a result of low bullish momentum.
However, if the bears could push higher, the price retracement may surge higher to revisit the $2.406 higher level, providing a higher footing to push the bull rally forward.
In a like manner, the daily stochastic indicates that the price of Arbitrum is oversold already.
This means that the bulls may take over the market soon and the price retracement might surge above the $2.500 upper high level in the latter days in its higher time frame.
ARBUSD Medium-term Trend: Bearish (4H chart)
ARBUSD rebounded after its massive drops. The coin price retracement may surge above the $2.500 in its medium-term outlook. The market shows that the price may now be trading in a new ascending channel.
The Arbitrum price has moved up to a $1.704 high level below the EMA-50 as a pullback from buyers as the 4-hourly chart resumes today. This is a result of more concerns from the buy investors.
Therefore should the bulls increase their swagger in the market, the price retracement may surge above the $2.280 high level to pump up.
Also, the momentum indicator which is pointing up on the daily signal indicates that the price of ARBUSD is in an uptrend and may remain in that direction to hit the $2.500 supply level and beyond soon in the medium-term time frame.
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