Arbitrum Price Forecast: ARBUSD Is Making a Bullish Reversal

Arbitrum Price Forecast: February 10

The Arbitrum price forecast suggests that the bulls are preparing to take control of the market. The candles have held above the $0.3800 support level and are now pushing upward to break through the critical $0.4820 resistance.

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

Resistance Levels: $0.4820, $0.6675
Support Levels: $0.3800, $0.30005
Since the beginning of the year, sellers have largely dictated the ARBUSD market, despite occasional resistance from buyers. This dominance led to a price drop as low as the $0.3800 demand zone. However, at this point, the bulls have once again stepped in, attempting to trigger a stronger reversal. Their initial objective is to establish a breakout above the $0.4820 level.

Arbitrum Price Forecast: ARB/USD Outlook

The formation of a head-and-shoulders pattern is one instance where buyers attempted to push back, with another notable effort occurring at the $0.6025 level. However, in both cases, the price ultimately declined.

In the latest attempt, buyers are opposing the drop at $0.3800, leading to a reversal. The question remains whether they can sustain this movement and confirm a complete trend shift.

A confirmed reversal would be evident once the MA Cross indicator signals an upward crossover. Additionally, the Stochastic Oscillator lines are rising from the oversold region as the bulls seek to establish firm market control.

ARB/USD Medium-Term Trend: Bullish (4-Hour Chart)

At the time of writing, the most recent candlesticks have surged above the $0.4820 key level. Arbitrum is now aiming to secure a strong foothold above this mark. The MA Cross has already made a bullish crossover and is now acting as support for the price movement.
On the 4-hour timeframe, the Stochastic Oscillator lines have rebounded from the oversold region and surged into the overbought zone. If the market withstands the expected retracement, there is a strong possibility that the coin will climb even higher, supported by positive crypto signals.

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.