Arbitrum Price Forecast: Arbitrum Breaks the $1.1550 Market Stronghold

Arbitrum Price Forecast – May 27

The Arbitrum price forecast is for the market to stabilize above the $1.2240 significant level before rising to higher prices.

Arbitrum Long-Term Trend: Bullish (1 Day Chart)

Key Levels:
Zones of supply: $1.2240, $1.4360
Zones of Demand: $0.1550, $0.9220

The Arbitrum market has finally broken the $1.1550 – $1.1100 market stronghold. The market zone has acted as a resistance level for the consolidating price. However, Arbitrum, having dropped to the support level got the necessary reinforcement for a sharp upsurge by which it broke the $1.1550 – $1.1100 market zone and even rose further to violate the next price level at $1.2240. The coin will be looking to stabilize itself atop this level so it can continue its rise.

Arbitrum Price Forecast: ARB/USD Outlook

The Arbitrum market has successfully broken through the $1.1550 – $1.1100 resistance zone, a significant market stronghold.

This zone has been a formidable barrier during the consolidation phase. However, after retreating to the $0.9220 support level, Arbitrum gained the necessary momentum for a sharp upsurge.

The coin then surges through the $1.1550 – $1.1100 zone and even surpasses the next resistance at $1.2240. The coin now aims to stabilize above this level to continue its ascent.

ARB/USD Medium-Term Trend: Bullish (1-hour chart)

Crypto signals are confirming this bullish momentum. The long series of Parabolic SAR (Stop and Reverse) dots above the market has ended abruptly with the recent price surge. These dots have now shifted below the candles, indicating a bullish reversal. Additionally, the EFI (Elders Force Index) power line has crossed above the zero level, confirming that buyers are gaining control.

On the 4-hour timeframe, the market consistently makes higher lows until it breaks beyond the significant $1.2240 level. The Parabolic SAR dots have shifted below the candles as prices continue to rise. While the EFI line has dropped back to equilibrium due to the steady pace of the market post-breakout, it remains above the zero level, indicating sustained bullish sentiment. The immediate goal for Arbitrum is to stabilize above $1.2240 before making further upward movements.

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