Arbitrum Price Forecast: May 30
The Arbitrum price is likely to increase to the $2.500 overhead resistance soon as long as buyers don’t give up and increase their momentum pressure in the market. The coin might turn upsides further to hit the $2.406 previous high level and further increase to the $2.500 upper resistance level and beyond, resulting in intraday gains for the coin traders.
Key Levels
Resistance Levels: $1.150, $1.200, $1.250
Support Levels: $1.000, $0.900, $0.800
ARBUSD Long-term Trend: Bullish (Daily Chart)
From the chart below, ARBUSD still maintains a bullish outlook and the price is likely to increase to the overhead resistance soon. 
The sustained bullish pressure on the crypto at the $1.274 resistance level during yesterday’s session has made it possible for the coin to increase and remain strong above the supply levels in its recent high.
Today’s price drop by the sell traders to a $1.169 low mark above the moving average as the daily session opens has not affected the trend as it remains in an uptrend and confirms the bulls’ dominance in the market.
Thus, staying above the supply level will give the bulls the tendency to increase the coin price and this may likely break up the $2.406 previous high point and extend further to a higher level.
Hence, there is a tendency for the Arbitrum price to rise further, if the support level at $1.169 holds, this will enable buyers to increase the price up to a high $2.500 mark soon in its long-term perspective
ARBUSD Medium-term Trend: Bullish (4H chart)
The Arbitrum price is likely to increase further as it shows a more bullish impact in its medium-term outlook. The coin price can be sighted above the resistance levels indicating a bullish trend. The bulls have the market at their disposal at the moment. 
The buyers made an aggressive move up with a long bullish candle to the $0.1369 resistance level above the EMAs shortly after the 1-hourly chart opened today. This however makes it possible for the coin to rise further.
The bullish impact on the cryptocurrency at the $1.220 supply level during the previous action has enabled the price action to increase and sustained its firmness above the supply levels in recent times.
The bulls made an aggressive move up with a long bullish candle to the $1.222 resistance level above the EMA line shortly after the 4-hourly chart opens today. This however makes it possible for the coin to increase further.
Therefore, if the bulls should increase their price action, and bullish momentum is sustained far above the previous high level, further bearish sentiment will be hibernated.
Adding to that, the daily stochastic indicates an uptrend, which means the Arbitrum price might continue trading in an uptrend. Therefore, if the bulls should add more aggression to their activities in the market, the coin price may increase to the $2.500 resistance level soon in its medium-term perspective.
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