Arbitrum Price Forecast: Bulls Seize Control as Buyers Break Key $0.5850 Resistance

Arbitrum Price Forecast – September 23rd

The Arbitrum price forecast reveals that after an extended bearish phase, bulls have managed to breach the critical $0.5450 zone, signaling a potential for further upward movement.

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

Support Levels: $0.5230, $0.4820
Resistance Levels: $0.64110, $0.8340
Following a difficult period where bearish sentiment prevailed, Arbitrum buyers are showing signs of renewed strength. Last week’s breakout above the $0.5450 key zone marks a significant shift in market momentum. After weeks of holding off bullish attempts, the bears have now lost ground as buyers managed to push the price past the $0.5850 resistance.

Arbitrum Price Forecast: ARBUSD Outlook

The current bullish sentiment is clear as ARBUSD coin continues to build upward momentum. With the price now well above the $0.5850 resistance, the bulls appear to be eyeing the next key resistance at $0.64130.

The renewed buyer confidence suggests that further gains could be imminent, especially if the $0.64130 level is successfully breached. Market indicators remain mixed but are leaning bullish. The MACD (Moving Average Convergence Divergence) indicator has yet to deliver a strong signal, implying that buyers are still gaining traction.

Meanwhile, the RSI (Relative Strength Index) points to increasing volatility, hinting at the potential for a significant move as traders anticipate further bullish action in the coming days. Crypto signals indicate that traders should watch for continued upward pressure.

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

On the 4-hour chart, ARBUSD price shows sustained strength in the short term. After breaking through the $0.5450 zone, buyers quickly cleared the $0.5850 level, asserting control over the market. Currently, the price is consolidating above this level as buyers prepare for the next move.
The RSI is in the overbought zone, signaling the possibility of a pullback before buyers make their next advance. Despite this, the overall outlook remains bullish, with buyers likely to continue their upward trajectory if they can overcome the significant $0.64130 resistance level.

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