Arbitrum Price Forecast: ARBUSD Slips Back to $0.5850 Significant Level

Arbitrum Price Forecast – August 26th

The Arbitrum price forecast indicates that the crypto market has begun the week with a selling trend, pushing ARBUSD back toward the $0.5850 significant level as buyers encounter resistance at $0.6350.

ARBUSD Long-Term Trend: Bullish (1-Day Chart)
Key Levels

Support Levels: $0.4180, $0.4850
Resistance Levels: $0.5850, $0.6350
.5850 Significant Level" width="976" height="580" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/08/ARBUSD-1DAY-3.png"/> The crypto market has seen ARBUSD continue the selling streak that started at the end of last week. This downward pressure occurred after buyers were halted at the $0.6350 level, prompting them to withdraw from the market.

Arbitrum Price Forecast: ARBUSD Outlook

Before the recent pullback, buyers were in a strong position, driving the price higher after it consolidated above the $0.5240 level. The bulls managed to push the price above the $0.5850 mark. However, intense selling pressure at the $0.6350 level appears to have forced sellers to take control.

This shift in momentum has led to the opening of more sell orders, pulling the price back towards the $0.5850 significant level. This level could offer a new entry point for buyers looking to regain market control. Crypto traders should remain vigilant for bullish opportunities as they may arise again.

The Momentum indicator shows a decline as buyer strength wanes, but the Money Flow Index (MFI) suggests that buyers still maintain some control. This indicates that despite the recent slip, buyers could potentially dominate the market once more.

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

In the short term, bulls remain cautious despite the recent decline. The ARBUSD price is currently in a downtrend, and traders should monitor the market closely for a possible rebound.
.5850 Significant Level" width="976" height="580" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/08/ARBUSD-4HRS-3.png"/> The market is likely to see buyers trading higher if a rebound occurs at the $0.5850 significant zone. The Momentum indicator and MFI continue to reflect the potential for buyers to maintain control, offering a promising outlook for those following crypto signals.

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