Arbitrum Market Prediction: ARBUSD Buyers Face Uphill Battle Amid Persistent Bearish Pressure

ARBUSD Market Prediction July 8th

The ARBUSD market prediction reveals buyers are struggling to gain momentum as sellers maintain a firm grip on the market, preventing a significant price recovery.

ARBUSD Long Term Trend: Bearish (1-Day Chart)
Key Levels

Resistance Levels: $1.2450, $1.0780
Support Levels: $0.7040, $0.5610
The Arbitrum market has become a battleground for buyers and sellers, with the latter maintaining control over price action. Buyers have been trying to escape this grip since the price was pushed down to the crucial $0.5600 level.

ARBUSD Market Prediction: ARBUSD Anticipation

Last week saw a major struggle as sellers were prevented from further plunging the price. Buyers aimed to push the price back beyond the $0.7040 zone, but their efforts met persistent selling pressure. The bearish trend has dominated the Arbitrum price for months, with bulls only managing a significant pullback after several market lows.

In the past two months, the ARBUSD pair has fallen from the $1.2450 significant level to the $0.5610 key area. Buyers target the $0.7040 level after the sell-off, but sell sentiment still surrounds this area, presenting a challenging hurdle for buyers to overcome.

Market indicators are painting a bearish picture for the ARBUSD pair, with the Parabolic SAR Stop and Reverse focusing on the sell sentiment. Additionally, the Price Oscillator indicator is trading in the lower region.

ARBUSD Medium Term Trend Bearish (4-hour chart)

In the shorter time frames, buyers may struggle to push the price back up as the market atmosphere remains unfavorable. The Price Oscillator indicator is pressing lower, indicating that buyers are losing momentum.
Additionally, the Parabolic SAR continues to signal a plausible sell sentiment, with the price trading back towards the $0.5610 market zone. Using crypto signals can provide further insights and strategies for navigating this challenging market environment.

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