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Arbitrum Price Forecast: December 25
The Arbitrum price forecast is for the coin to continue its strong upward drive after it recovers from a consolidation period.
Arbitrum Long-Term Trend: Bullish (4-hours Chart)
Key Levels:
Zones of supply: $1.4360, $1.5930
Zones of Demand: $1.3310, $1.1910
Arbitrum gives its investors a happy yuletide season as it surges to break all barriers just before Christmas week. The market has maintained its stance along a rising trendline all along despite the heavy bearish pressure coming from around the $1.1910 resistance. At long last, the buyers have made a searing move that splits open the resistance level and pitches the coin around $1.4360.
Arbitrum Price Forecast: ARB/USD Outlook
ARBUSD experiences a triumphant breakthrough, shattering existing barriers just ahead of the Christmas week and providing a festive season boost for investors.
Despite significant bearish pressure around the $1.1910 resistance, Arbitrum resiliently adheres to an upward trendline.
The awaited breakthrough finally materializes, propelling the coin to approximately $1.4360.
ARB/USD Medium-Term Trend: Bullish (1-hour chart)
Following each descent to the trendline, the price dips below the Moving Average period 20 (MA), yet consistently regains strength to rise above it. Currently, the coin executes a compelling upward move, utilizing the MA as a supportive foundation. The Moving Average Convergence Divergence (MACD) indicator rebounds from a potential decline, maintaining a positive value above the equilibrium.
On the 4-hour timeframe, the price consolidates below the newly conquered resistance at $1.4360, with the MA period 20 serving as bolstering support. Although the MACD lines have ascended significantly above the equilibrium, a slight drop ensues during the ongoing consolidation. Despite this, bullish dominance persists, and the ongoing consolidation provides a strategic opportunity for the bulls to recharge for continued advancement.
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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