Arbitrum Price Forecast: ARBUSD Remains at a Critical Juncture around $1.1100

Arbitrum Price Forecast: June 3

The Arbitrum price forecast is currently uncertain as buyers and sellers continue to tussle for control.

Arbitrum Long-Term Trend: Bullish (1 Day Chart)
Key Levels:
Resistance Levels: $1.2240, $1.1550
Support Levels: $1.1100, $0.9950
The Arbitrum market is at a critical zone between the $1.1100 support level and the $1.1550 resistance. The price is balanced in such a way that it could move either way. Buyers previously drove the market up to $2.1200 before weakening and ceding control to the sellers, who then plunged the market to $0.9550. Buyers recovered and began tussling with sellers to regain control, leaving the market direction uncertain at this critical zone.

Arbitrum Price Forecast: ARB/USD Outlook
The Arbitrum market is currently at a pivotal zone, teetering between a potential breakout or breakdown beyond the $1.1100 support level.

Buyers recently exhibited an impulse by driving the coin up from $0.9950 to $1.2240 before it fell back into the critical zone.

Arbitrum has spent the entire weekend hovering within this critical zone. This persistence from both bulls and bears makes it a crucial make-or-break moment for the market.

ARB/USD Medium-Term Trend: Bullish (4-hour chart)
The latest surge off the $0.9950 support level caused the MA Cross (Moving Average) to cross upward, with the lower line acting as support for the retracing price. Meanwhile, the Stochastic Oscillator lines are swiftly descending towards the oversold border, signaling an opposing force from the sellers.
On the 4-hour timeframe, the MA Cross has already crossed downward and is aligned above the candlesticks, applying some pressure. The Stochastic Oscillator lines on this timeframe are moving in the exact opposite direction of the daily chart, having bounced off the oversold border and heading towards the overbought border. The market remains at a critical juncture, and the price could move in either direction. Patience will help traders identify the right crypto signals to follow.

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