Arbitrum Price Forecast – ARBUSD Seeks Stability

Arbitrum Price Analysis – June 23

The Arbitrum price forecast suggests a market attempting to stabilize as buyers defend key levels amid recent downward pressure. The market chart shows ARBUSD holding above the $0.2691 support level, a critical threshold that has absorbed recent selling.

Arbitrum Key Levels

Support Levels: $0.2690, $0.2410
Resistance Levels: $0.4950, $0.3620

Arbitrum Long-Term Trend: Bearish Potential (Daily Chart)

Buy traders are stepping in to halt the decline, with potential to challenge the $0.4950 resistance zone if momentum builds. The price action indicates a possible base formation after a prolonged downtrend. The market is showing signs of stabilization near $0.2690, with buyers absorbing sell-offs to prevent further drops. This could set the stage for a recovery toward $0.4950 if buying pressure increases.

The MFI (Money Flow Index) is at 28.24, signaling oversold conditions. This low reading suggests that selling pressure may be exhausting, offering a potential opportunity for buyers to regain control. A move above 40 could confirm a shift in momentum toward a bullish outlook. Sellers remain dominant, and a break below $0.2691 could push prices toward $0.2410 market zone. The stabilization case depends on buyers maintaining support at this level.

Arbitrum Short-Term Trend: Bullish (4-Hour Chart)

The 4-hour chart depicts ARBUSD consolidating around $0.2690, with buyers defending this level against bearish pressure. A breakout above recent highs could signal a short-term recovery. The MFI (Money Flow Index) stands at 43.19, indicating balanced money flow with a slight bullish tilt. This rise from lower levels suggests growing buying interest, though it remains below overbought territory, leaving room for further upside if momentum strengthens.

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