Arbitrum Price Forecast: ARBUSD is Ready to Ride the Tide to $0.9220

Arbitrum Price Forecast: January 13

The Arbitrum price forecast indicates that bulls will take advantage of the present consolidation and ride the market tide towards the $0.9220 resistance level.

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

Resistance Levels: $0.9220, $0.9950
Support Levels: $0.7239, $0.6673
The Arbitrum market has been caught in consolidation below the $0.9950 resistance level since mid-December last year. The price has not been able to rise above the level at all till now and has been also limited below at the $0.7239 support level. However, the wick of some candles has pierced further below to $0.6673 suggesting greater bearish influence. Nevertheless, buyers will relish the change to ride the tide back to the resistance level.

Arbitrum Price Forecast: ARB/USD Outlook

ARBUSD had its peak in the last quarter of 2024 in early December when it rose to 1.2240. After then, the coin slumped till it rested on the $0.7239 support level.

The coin attempted a bullish recovery but it rose just as high as $$0.9220 before dropping sharply back to the previous support level.Hence, despite being in consolidation, bears seem to weigh more on the market.

The buyers’ effort to regain control is seen as the Stochastic Oscillator lines cross upward from the oversold region. This is despite the MA Cross still hanging above the daily candles.

ARB/USD Medium-Term Trend: Bullish (4-hour chart)

The 4-hour chart shows that the price dipped below the $0.7239 support level before bouncing off the next support at $0.6673. So far, there has been an accumulation of green candlesticks as the market tried to navigate towards the $0.9220 resistance. At this point, the latest candlestick has risen above the MA Cross line, ready to shoot up further.
The Stochastic Oscillator lines on this timeframe have risen off the oversold region, bypassed the 50 mark and are gunning for the overbought border line. If the market easily navigates $0.7239, the buyers can anticipate further rise first to $0.8500, then to the $0.9220 resistance level. Crypto signals can help to give precise entry and exit time for the traders.

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