Arbitrum Price Forecast: ARBUSD Fails to Stay Above $1.1550
Login

Arbitrum Price Forecast: ARBUSD Fails to Stay Above $1.1550

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Arbitrum Price Forecast: November 20

Arbitrum price forecast is for another retest at the $1.550–$1.1100 zone after the initial failure to hold above it.

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

Key Levels:
Zones of supply: $1.1100, $1.1550, $1.1910
Zones of Demand: $1.0310, $0.9700, $0.7660

Arbitrum Price Forecast: ARBUSD Fails to Stay Above $1.1550

Arbitrum was able to spring upward from an all-time low position at $0.7660 using a double-bottom bullish reversal structure. This propelled the market high for a 60% price increase beyond the $1.1550–$1.1100 resistance zone level. At this point, the bulls were exhausted and were unable to even stabilize the price above the market zone. This has seen a plunge back to $1.0310 before the bulls could revive to stop the drop. Nevertheless, it is expected that the coin will immediately try to test the resistance again to breach it a second time.

Arbitrum Price Forecast: ARB/USD Outlook

The Arbitrum market has failed to maintain its position above the significant $1.1550 mark.

After a significant rebound from its all-time low at $0.7660, driven by a double-bottom bullish reversal pattern, Arbitrum experienced a notable 60% surge, surpassing the $1.1550–$1.1100 resistance zone.

However, the bullish momentum waned, resulting in a pullback to $1.0310, where the bulls are trying to attempt a recovery.

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

Currently, the coin is poised to retest the resistance zone, aiming for a successful breach. On the daily chart, the Moving Average (MA) Cross is showing signs of a downward crossover in response to the recent price dip. Concurrently, the Elders Force Index (EFI), which had risen above zero a month ago, has now fallen below it.

Arbitrum Price Forecast: ARBUSD Fails to Stay Above $1.1550

In the 4-hour chart, multiple downward crossovers of the MA Cross confirm a short-term downtrend. Despite the dip to $1.0310, the market has stabilized, trending sideways, with the EFI line recovering towards a positive value. Anticipated upward movement suggests a retest of the key $1.1550–$1.1100 zone.

Place winning Quant trades with usGet QNT here

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News