Arbitrum Price Forecast: August 13
ARBUSD price will keep rising, as it shows signs of upward retracement. The coin price is likely to grow more, having completed the downward forces. The crypto might likely continue its upside move if the current support at $0.567 value holds and the daily chart closes above the $0.784 resistance level; then, there is a high probability of the price going up to its recent swing high of $0.828 resistance trend line, resulting in a potential buy signal for interested traders.
Key Levels:
Resistance Levels: $0.650, $0.700, $0.750
Support Levels: $0.400, $0.350, $0.300
ARBUSD Long-term Trend: Bullish (4H chart)
ARBUSD price shows signs of upward retracement and remains bullish as can be seen from the chart below. The price is recovering and trading above the moving averages, indicating an uptrend. 
The bullish reversal at the $0.574 high value in the previous action has sustained the crypto to show signs of upward retracement above the trend line in its recent high.
As a result of price rejection in the previous action, the Arbitrum price shows a sign of upward retracement at the $0.589 high point above the moving lines as the 4-hourly session opens today, as it journeys up north.
Hence, with sustained buying, the ARBUSD might break out above the $0.828 previous swing high, providing an opportunity for buyers to regain control and potentially drive the coin price toward the upper resistance area.
Notably, the momentum indicator pointing upwards suggests the continuation of upward retracement which might retest the previous high of $0.828 value to extend to the $1.000 upper resistance value in the coming days as it shows signs of upward retracement in its long-term outlook.
ARBUSD Short-term Trend: Bullish (1H chart)
The Arbitrum price is bullish as it shows signs of upward retracement in its short-term outlook. The increase in the momentum by the bulls at the $0.579 supply value during yesterday’s session has enabled the ARBUSD price to stay above the resistance lines in its recent high.
At press time, the coin price showed signs of upward retracement at the $0.588 resistance level above the EMA-50, as the 1-hourly chart opened today, preventing a major downtrend.
However, if the buying pressure persists, the crypto price might retest the previous high of $0.590 mark, obtaining a higher footing to rise higher.
Furthermore, the daily stochastic shows signs of upward retracement by signaling an uptrend, if the bulls could push harder and sustain the Arbitrum price above the $0.590 previous high, the resulting rally may surpass the $0.828 level and hit the $1.000 psychological level at the upside in the days ahead as the crypto price shows sign of upward retracement in its lower time frame.
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