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Arbitrum Price Forecast: March 25
The Arbitrum price forecast is for the market to rally to the upper consolidation border after a reversal at $1.4360.
Arbitrum Long-Term Trend: Bullish (1Day Chart)
Key Levels:
Resistance Levels: $2.1200, $2.4000, $1.8170
Support Levels: $1.5930, $1.4360, $1.1910
The Arbitrum market is set to continue on another bullish cycle this week after it reverses at $1.4360. The price movement since mid-January has been characterized by a back-and-forth movement continuously within a horizontal channel. This means bears and bulls take turns to control the market. At this juncture, the bulls have regained control and are piloting the coin towards the $2.1200 channel resistance level. Nevertheless, as it stands, the market is more inclined to fall rather than rise.
Arbitrum Price Forecast: ARB/USD Outlook
The Arbitrum market is poised to embark on another bullish cycle this week, rebounding from the $1.4360 level.
Since mid-January, the price movement has been characterized by a sideways trading pattern within a horizontal channel, indicative of alternating control between bulls and bears.
At present, bulls appear to have regained momentum, steering the coin towards the channel resistance level at $2.1200. The market sentiment suggests an eventual potential breakout to the upside
ARB/USD Medium-Term Trend: Bullish (4-hour chart)
A decline to the $1.5930 channel support level signifies a shift below the daily Moving Average period 20 (MA), previously a pivotal force driving the market upwards. The daily Elders Force Index (EFI) power line fell to zero following the rejection at $2.4000, slipping into negative territory as the coin retreated to the support level.
On the 4-hour timeframe, positive crypto signals are evident as the price rebounds from the $1.5930 support level, trading marginally above the MA period 20. Additionally, the EFI line demonstrates upward momentum, with its tip surpassing the zero level. These indicators collectively suggest an imminent bullish phase, positioning the coin for a potential ascent towards the $2.1200 level.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment results.
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