Arbitrum Price Forecast: ARBUSD Reaches Lowest Price Level: What Comes Next?

Azeez Mustapha

Updated:

UNLOCK DAILY FOREX SIGNALS

Select a Plan

£40

 1-month subscription

Select

£30

 3-month subscription

Select

£21.5

 6-month subscription

Select

£399

 lifetime subscription

Select

£50

 Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Arbitrum Price Forecast: August 21

The Arbitrum price forecast is for market buyers to push for a recovery above the $1.1550 support level after a major price dip.

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

Key Levels:
Zones of supply: $1.0620, $1.1100, $1.1550
Zones of Demand: $0.9280, $0.9700, $1.0310

Arbitrum Price Forecast: ARBUSD Reaches Lowest Price Level: What Comes Next?

The trajectory of the Arbitrum market has gone against the run of play. The price has already positioned itself to push higher through the level by using a bullish reversal formation. However, the coin has been affected, it seems, by the global price dip in many cryptocurrencies. This led to the price dropping to match its all-time low just a bit below $0.9280. The coin has immediately recoiled upwards, though, but still has a long way before climbing back above $1.1550, which the coin is hoping to recover.

Arbitrum Price Forecast: ARB/USD Outlook

The trajectory of the Arbitrum market has defied expectations. Despite positioning itself for an upward push using a bullish reversal formation, the coin faced the impact of the global dip in cryptocurrency prices.

Consequently, the price plummeted to match its all-time low, slightly below $0.9280. Although the coin swiftly rebounded, it still has a significant distance to cover before reclaiming the $1.1550 mark it aims to recover.

The price dip has caused the lower Bollinger Band on the daily chart to expand, with the anticipation that this extension will aid the market’s rebound.

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

As the price recovers, the Stochastic Oscillator lines have rebounded from the oversold border. On the 4-hour chart, price candles have risen above the middle line of the Bollinger Band but halted before surpassing the upper Bollinger Band.

Arbitrum Price Forecast: ARBUSD Reaches Lowest Price Level: What Comes Next?

Consequently, the 4-hour Stochastic Oscillator lines have dropped from the overbought territory back towards the oversold region. This retracement is expected, and the market is projected to recover and continue its upward journey toward the $1.1550 mark.

 

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 or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • 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
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *