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
.5850 Resistance" width="580" height="240" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/09/ARBUSD-4HRS-3-1024x424.png"/> 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.
.5850 Resistance" width="580" height="240" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/09/ARBUSD-4HRS-4-1024x424.png"/> 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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