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

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

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

Azeez Mustapha

Updated:

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.

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
  • 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