Arbitrum Price Forecast: May 28
The ARBUSD price can increase to the $2.406 high value as the coin market is now under the control of the bulls. The momentum is now facing the upper resistance level and may likely continue with the high hike provided buyers don’t give up and increase their momentum pressure in the market. The coin might turn upside down further to a $2.500 upper high level and beyond which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $1.200, $1.220, $1.230
Support Levels: $1.000, $0.900, $0.800
ARBUSD Long-term Trend: Bullish (Daily chart)
Arbitrum price is likely to increase to the upper channel as it remains in a bullish trend in its long-term outlook. The coin is trading slightly above the moving average which confirms its bullish trend. However, the market is presently facing resistance at the recent high. 
The sustained bullish pressure pushed the pair up to the $1.209 resistance level during yesterday’s session and sustained it; this has enhanced the coin price to increase to its recent high above the supply levels.
The current price of the pair at the $1.230 resistance level above the EMA-50 as the daily session opens today indicates an uptrend in the context of the strength of the market. Thus, a bullish breakout past the $2.000 resistance level may set the ARBUSD price to increase to a $2.406 previous high level
Additionally, the daily stochastic indicates an uptrend, hence, there is a tendency for the Arbitrum price to increase further, if the support level at $1.123 holds, this will enable buyers to take the coin price up to a high of $2.500 soon in its long-term perspective.
ARBUSD Medium-term Trend: Bullish (4H chart)
With positive momentum, ARBUSD’s price is likely to increase to the upper high level soon in its medium-term outlook. This is due to the high order flow from the long traders. 
The increase in the momentum by the bulls to a $1.203 high value during yesterday’s session has enabled the Arbitrum price to increase and stay strong above the resistance lines lately.
In the past 24 hours, the bulls have been in control with an aggressive move to a $1.230 high mark above the supply levels as the 4-hourly chart opens today, indicating a strong area of interest for coin buyers.
However, with strong buying pressure and positive market sentiment, the price of Arbitrum may increase further to test the $1.252 high level.
Adding to this, new buyers are likely to come in as indicated by the daily stochastic pointing up, the bulls could therefore aim at the psychological level at the $2.500 value in the upper resistance area as soon as the bulls make an increase to the upper resistance level in its medium-term perspective.
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