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Arbitrum Price Forecast: June 26
The Arbitrum price forecast is for the market to push further upward to bypass the $1.1550 resistance zone. This will set the coin free to rise even higher.
Arbitrum Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $1.0620, $1.1100, $1.1550
Zones of Demand: $0.9280, $0.9700, $1.0310
The Arbitrum market has received significant investment to boost its price from last week into this week. The coin has pushed up such that the trading level is above the $1.1100 resistance. The price will break free of the zone limitation when it rises above the $1.1550 level.
Arbitrum Price Forecast: ARB/USD Outlook
Arbitrum is resetting its market after a dip that occurred recently. The buyers are trying to place the market above the $1.1550 pedestal where the coin more or less began its bullish foray.
The market has risen from last week and over the weekend as it received much investment at that low price.
The coin is now pushing directly against the $1.1550 key level from below. As expected, the Parabolic SAR (Stop and Reverse) dots have switched and lined up below the daily candlesticks.
ARB/USD Medium-Term Trend: Bullish (4-hour chart)
The EFI (Elders Force Index) on the daily chart has trusted the tip of the power line above the zero level to show a switch in power to the bulls. It has risen even higher on the 4-hour chart. The bulls will fancy their chances of breaking and holding about the $1.1550 key level.
The Parabolic SAR dots remain lined up below the candlesticks on the 4-hour timeframe to confirm the ascendency of the market. Arbitrum will aim to hold above the $1.1550 key level when it breaks it. From there, the price will attack the $1.2880 major resistance level.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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