Arbitrum Price Forecast: July 11
The market price of ARBUSD might possibly swing up and a breakout is imminent as the crypto faces the upside. Despite the negative market trends, the coin has made an effort to recover, displaying a fairly bullish pattern supported by strong growth. Based on the outlook, should the daily candlestick closes above the $1.244 supply mark, the correction phase will extend to meet the resistance at the $2.000 upper trend line. Hence, a big turnaround and a buy signal for the coin investors.
Key Levels:
Resistance Levels: $1.550, $1.650, $1.750
Support Levels: $1.250, $1.150, $1.050
ARBUSD Long-term Trend: Bullish (4H chart)
ARBUSD indicates an upward trend with a bullish sentiment in its long-term perspective. The coin is trading above the two EMAs. However, the market is presently facing resistance at the recent high. 
The cryptocurrency has been having a series of higher highs and higher lows which has made it capable for the price to remain stronger in an upward trend in its recent high.
Earlier today, the bulls caused a rise in the price of Arbitrum to a high of $1.139 level above the moving averages, this shows that the long-term investors are actually buying at this level. This retracement could offer a long opportunity to reaccumulate at this trend line.
Thus, a possible breakout above the $1.244 range supply will also indicate the success of buyers to break the last swing high and thus strength in bullish momentum.
Notably, the momentum indicator which is pointing upwards indicates that the price of ARBUSD is in an uptrend and may possibly remain in that direction to hit the $2.000 upper resistance level and beyond soon in the higher time frame.
ARBUSD Medium-term Trend: Bullish (1H chart)
Arbitrum remains in a bullish trend in its medium-term outlook. The bulls are really trying not to fall this time around. Further, the coin prices are traded above the moving average lines, this confirms a bullish trend.
The sustained bullish pressure at the $1.125 level during yesterday’s session made it possible for the buy investors to retain the strength in recent times.
The market price of ARBUSD which increases from $1.135 to the $1.139 high level above the moving averages as the 1-hourly chart opens today suggests an uptrend in the context of the strength of the market.
A potential breakout from this trend line could intensify the bullish momentum and may surge the crypto price higher to test the previous swing high of $1.196 value soon.
Hence, the market is pointing upwards on the daily signal; this will quicken the emergence of more buyers to move the price of ARBUSD up to a significant level on the upside and this might hit the $2.000 upper resistance trend mark as the Arbitrum market continues in its bullish correction pattern in its medium-term outlook.
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