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

Azeez Mustapha

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Arbitrum Price Forecast: September 18

The Arbitrum price forecast is for the buyers to keep applying pressure to recover the market to higher price levels.

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

Key Levels:
Zones of supply: $0.9280, $1.1100
Zones of Demand: $0.8000, $0.7200

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

The potential conclusion of the bearish trend in the Arbitrum market raises concerns. Over the past two months, ARB/USD price has experienced a significant 45% decline, reaching a new all-time low. Presently, the coin has halted just shy of the $0.7200 mark and retraced above $0.8000. However, this recent development lacks conviction, reminiscent of a similar scenario between $0.8500 and $0.9280, which preceded the plunge to the all-time low.

Arbitrum Price Forecast: ARB/USD Outlook

The recent bearish wave in the Arbitrum market has raised concerns. Over two months, the price experienced a significant 45% drop, reaching a new all-time low.

Currently, the coin has temporarily halted just shy of the $0.7200 mark and retraced back above $0.8000. However, this recent move lacks conviction, reminiscent of a similar scenario between $0.8500 and $0.9280 before the market plummeted to its all-time low.

Throughout this period, all market signals had been negative until the weekend when the price initiated an upward retracement.

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

On the daily chart, the Parabolic SAR (Stop and Reverse) dots shifted below the candlesticks, signaling the emergence of a growing bullish sentiment. Additionally, the MACD (Moving Average Convergence Divergence) lines, previously deeply entrenched in negative territory, crossed upward, providing a bullish indication.

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

The 4-hour chart presents even more encouraging signals. Parabolic SAR dots now align below the candlesticks, especially as the price surpassed $0.8000. Simultaneously, the MACD has ascended to equilibrium, accompanied by a series of healthy bullish histogram bars. The potential for sustained bullish momentum exists if buyers maintain their pressure to ascend beyond the $0.8500 level.

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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.

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