Arbitrum Price Forecast: July 18
ARBUSD looks promising today, as it surges higher, signaling an increase in investor’s interest in the crypto. The coin market witnessed a slight increase following a robust recovery in the last few hours.
If the coin price could sustain above the pattern supply trend line at the $0.846 mark, the price may trigger up to the overhead resistance mark at the $1.000 level, resulting in a sustainable upward trend and a clear buy signal.
Key Levels:
Resistance Levels: $0.900, $1.000, $1.100
Support Levels: $0.650, $0.600, $0.550
ARBUSD Long-term Trend: Bullish (4H chart)
The ARBUSD price surges higher and remains bullish in its long-term outlook. The price bar is above the EMA-50, confirming its bullish growth.
The bulls’ pressure on the currency pair in the past few hours has made it possible for the crypto price to surge higher and remain in an upward trend zone in its recent high.
Actions from buyers have also increased the Arbitrum price further to $0. 755 resistance value as it surges higher. More gains are possible if the bulls could add extra effort into the price action. Therefore, a strong breakup above the $0.846 resistance point would strengthen the bullish pressure.
Next, the momentum indicator pointing upwards suggests a bullish trend continuation. Hence, the price of ARBUSD might surge higher to retest the previous high of $0.846 value, extending further to the $1.000 upper resistance value soon, as it surges higher in its long-term outlook.
ARBUSD Short-term Trend: Bullish (1H chart)
ARBUSD indicates an upward trend as the price surges higher with a bullish sentiment in its short-term perspective. The coin price is above the supply levels, indicating a bullish momentum. 
The increase in momentum by the bulls at the $0.741 supply value in the last session has enabled the Arbitrum price to surge higher and stay strong above the resistance lines in its recent high.
Shortly after the 1-hourly chart opens today, the ARBUSD price surges higher to a $0.755 supply level above the moving average, indicating high conviction from buyers.
Hence, it is likely that the crypto price will surge higher to retest its previous high of $0.778 value if the buy traders trigger their buying forces.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.778 previous high, the resulting rally may surpass the $0.846 level and hit the $1.000 psychological level at the upside soon as it surges higher in its short-term perspective.
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