Arbitrum Price Forecast: ARBUSD Bulls Lose Steam as Sellers Threaten to Regain Control

Arbitrum Price Forecast – July 22nd

The Arbitrum price forecast reveals a decline in bullish strength as bears hint at a comeback, jeopardizing the buyers’ recent gains.

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

Supply Levels: $1.2760, $1.0700
Demand Levels: $0.6700, $0.5610
The Arbitrum market has experienced a slump in bullish momentum as sellers suggest a potential comeback, putting the buyers’ recent gains at risk. The bears have been exerting suppressive force, halting the buyers’ progress. The buyers approached the $0.83790 market area, with only a breach needed to extend their rally. This month, the ARBUSD price has been trying to reclaim its strength, but the bears have stopped their advance around the $0.56140 market area.

Arbitrum Price Forecast: ARBUSD Outlook

The buyers have managed a comeback in recent weeks, gaining strength as they pull towards the $0.84790 key level.

However, the sellers are currently drawing attention as the buyers slip out of their positions.

The Moving Average Convergence and Divergence (MACD) indicator still shows buyers in control, and the Money Flow Index continues to hold in a buy setup in the crypto market.

ARBUSD Medium Term Trend: Bearish (4-hour)

However, on the lower timeframe, the buyers are losing ground, reflected in the Money Flow Index and MACD indicator. The bulls will need to break through several key levels to expand their influence and regain control of the ARBUSD pair.
The current market dynamics suggest that sellers are threatening to regain control, potentially reversing the recent bullish momentum. Traders should look for crypto signals to gauge the next move in the market.

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