Arbitrum Price Forecast: ARBUSD Buyers Regain Ground as New Week Begins Bullishly

Arbitrum Price Forecast: August 12th

The Arbitrum price forecast shows that buyers have reestablished a strong foothold above the crucial $0.5440 level.

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

Resistance Levels: $1.2650, $1.0700
Support Levels: $0.5440, $0.4850
The cryptocurrency has started the new week by reinforcing bullish momentum above the significant $0.5440 level. Recently, buyers have successfully halted the prolonged bearish trend.

ARBUSD Price Forecast: ARBUSD Outlook

Since the beginning of the second quarter, sellers had been exerting downward pressure, driving the price down from the $1.2650 key level. However, last month, buyers managed a pullback from the $0.5440 key level up to the $0.8200 significant zone. At that point, buyers exerted considerable effort to reverse the trend.

Despite the sellers’ attempts to regain control and push the price down to the $0.4850 area in August, buyers have now regained strength and are trading above the critical $0.5440 level.

A surge in buying activity could give the buyers the upper hand in achieving a reversal. The Momentum indicator shows that buyers are building momentum in the market, while a significant move from the Money Flow Index puts them in a favorable position this time.

ARBUSD Medium-Term Trend: Bullish (4-hour Chart)

In the shorter timeframe, the ARBUSD market has also started the new week on a bullish note, with buyers regaining a strong foothold. The battle is focused around the $0.5440 key level.
Buyers need to secure this level, even though the Money Flow Index is currently trading in the lower region. The Momentum indicator is still responsive to strong market volatility, indicating that a significant move is likely to occur soon. Traders should use the best crypto signals to identify the right moments to enter the market.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.