Arbitrum Price Forecast: ARBUSD Breakout Nears Maturity

Arbitrum Price Forecast: May 26

The Arbitrum price forecast is for more investments to be added to the market as it nears its breakout maturity from below the descending trendline.

Arbitrum Long-Term Trend: Bullish (4-hour Chart)

Key Levels:
Zones of supply: $1.2880, $1.3310, $1.4360
Zones of Demand: $1.1910, $1.1550, $1.0620

The Arbitrum market is on the verge of an upward breakout as the market’s accumulation nears maturity. As the price tapers downward under the influence of the descending trendline, the market stabilizes on support at $1.0620. Much investment from the bulls is expected to help the price push aggressively beyond the trendline towards $1.3310.

Arbitrum Price Forecast: ARB/USD Outlook

The Arbitrum market has been accumulating below a descending trendline since mid-April. The $1.0620 price level is the support level off which the coin has been bouncing.

Having been tapering between the support and the descending trendline, the price has now reached the tip of the structure and is poised for a breakout. Buyers are expected to start rallying the market.

The price has just dropped to support and is rising towards the trendline again. As a result, the MACD line has made an upward cross accompanied by diminishing bearish histogram bars.

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

On the 4-hour chart, the RSI line has bounced off the border of the oversold region, along the latest move of the market. The latest increase in price should be taken seriously, as the market is already close to, if not already at, maturity for a breakout.

There is an advanced movement of the indicators in the 1-hour timeframe. The RSI line has zigzagged upward until it rose above the middle line. Meanwhile, the MACD lines cross the zero level, and bullish histogram bars are lined up. Traders should jump into the market at this point for a ride that will break the barrier and rise as high as $1.3310.

How To Buy Lucky Block

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.