Arbitrum Price Forecast: ARBUSD Buyers Struggle to Reclaim $0.54530 Level

Arbitrum Price Forecast – September 16th

The Arbitrum price forecast indicates that buyers have failed to reclaim the $0.54530 significant level, with bearish momentum continuing to dominate the market.

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

Support Levels: $0.4800, $0.4640
Resistance Levels: $0.5830, $0.6420
.54530 Level" width="580" height="222" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/09/ARBUSD-1DAY-2-1024x392.png"/> The ARBUSD buyers have struggled to regain control at the $0.54530 significant level, as bearish pressure remains strong. Since the previous quarter, the bears have maintained control, and as the new week begins, sellers continue to drive prices lower.

Arbitrum Price Forecast: ARBUSD Outlook

While buyers attempted a move up from the $0.4860 level earlier this year, this came after a bearish drop in August. Despite their efforts, they have been unable to break through the $0.5450 resistance zone.

With the buyers losing momentum, Arbitrum’s price may fall further toward the $0.4850 level. The Stochastic Oscillator shows that bears are prepared to continue pushing the market lower. This momentum indicator reflects the prevailing bearish trend, suggesting that further declines are likely. The Bollinger Band is also contracting, signaling increased volatility and supporting the potential for a downward move toward the $0.4850 level.

Arbitrum Medium Term Trend: Bearish (4-hour chart)

In the short-term time frame, the bears are still in control. Both the Stochastic Oscillator and the Bollinger Band indicate sustained bearish strength. This downward movement could drive the price back to the $0.4850 significant level.
.54530 Level" width="580" height="222" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/09/ARBUSD-4HRS-2-1024x392.png"/> If the bears maintain their momentum, ARBUSD may see further declines. However, if buyers can regain strength and reclaim resistance, a rebound could be possible. Traders following crypto signals will watch for any shifts in the market dynamics.

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