Arbitrum Price Forecast: ARBUSD Sellers Push Back to the Crucial $0.85340 Level

Azeez Mustapha

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Arbitrum Price Forecast: June 17th

The Arbitrum price forecast indicates bearish pressure, with sellers pushing the price back to the $0.85340 significant level.

ARBUSD Long Term Trend: Bearish
Supply Zones: $1.6630, $1.2720
Demand Zones: $1.3140, $0.9470
Arbitrum Price Forecast: ARBUSD Sellers Push Back to the Crucial $0.85340 LevelARBUSD has been facing significant bearish pressure, with sellers driving the price back to the $0.85340 market zone. This crucial level presents an opportunity for the bears to challenge the buyers and further consolidate their control over the market.

Arbitrum Price Forecast: ARBUSD Outlook
ARBUSD began the year with strong bullish momentum, reaching its all-time high around $2.40. However, this upward trajectory wasn’t sustainable. As the year progressed, market dynamics shifted. By April, sellers started to emerge.

Early investors who bought ARBUSD at lower prices likely took this opportunity to lock in profits. From March to May, there was a significant bearish trend, pushing the price down to the $0.9470 level. Buyers then stepped in, pulling the price back up to the $1.2720 level. However, last month, the bears took control again, driving the price lower to the $0.85340 level.

The RSI (Relative Strength Index) is pulling back to the sell area, and an overbought crossing may suggest that buyers can re-enter the market. Despite this, the Parabolic SAR (Stop and Reverse) indicator has yet to recover from the bearish trend. Crypto signals can help traders make informed decisions during these volatile times.

ARBUSD Medium-Term Trend: Bearish (4-hour chart)
On the 4-hour chart, sellers are continuing to push towards the $0.85340 level. A crossover from the RSI indicator could change the market tide from bearish to bullish, but the Parabolic SAR is still indicating a downward trend.
Arbitrum Price Forecast: ARBUSD Sellers Push Back to the Crucial $0.85340 LevelThe $0.85340 market zone is a crucial battleground for buyers and sellers. It could be an easy win for the sellers or an opportunity for buyers to regain control. Utilizing the best crypto signals can provide traders with the guidance needed to navigate these pivotal moments in the market.

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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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