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Arbitrum Price Forecast: August 25
The Arbitrum price forecast is for the coin to continue with its recovery pattern after it safely ascended to the $0.8000 level.
Arbitrum Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $0.8500, $0.9700
Zones of Demand: $0.8000, $0.7200
The Arbitrum market dropped to its lowest ever two weeks ago. However, the market has set about correcting itself. In the space of the first week of dropping to the all-time low, the bulls tried to have immediate retribution, but it could also rise a little above $0.8500. Right now, the coin has found a footing above $0.8000, where it will begin its recovery.
Arbitrum Price Forecast: ARB/USD Outlook
ARBUSD is initiating its path to recovery by surpassing the $0.8000 mark. Two weeks ago, the Arbitrum market hit its all-time low, but it has since embarked on this corrective journey.
In the initial week following the drop to its record low, bullish attempts were made to reclaim lost ground, albeit briefly rising above $0.8500.
Presently, the coin has established a stable position above $0.8000, marking the commencement of its recovery phase. On the daily chart, a sequence of Parabolic SAR (Stop and Reverse) dots positioned below the daily candlesticks signals a significant change in direction.
ARB/USD Medium-Term Trend: Bullish (4-hour chart)
The Elders Force Index (EFI) line on the daily chart has risen to align with the zero level, mirroring the coin’s progress on this new trajectory. On the 4-hour chart, the Parabolic SAR dots now exhibit a pattern of alternating around the candlesticks at regular intervals
Meanwhile, the EFI line has ascended to the zero level and moved laterally along it. These indications suggest that the price has established a foothold above $0.8000 and is poised for further upward movement.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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