ARBUSD Faces Decline as Buy Sentiment Weakens
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ARBUSD Faces Decline as Buy Sentiment Weakens

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Azeez Mustapha

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Arbitrum Price Analysis – ARBUSD Buyers Anticipate Bullish Expansion

Arbitrum shows a decline in buy sentiment as the market struggles to reclaim momentum. The crypto price remains stuck at the $0.3220 zone, with sellers challenging the bulls’ earlier dominance.

Arbitrum Key Levels

Support Levels: $0.2400, $0.3000
Resistance Levels: $0.3890, $0.4100

ARBUSD Faces Decline as Buy Sentiment Weakens

ARBUSD Long Term Trend: Bearish (Daily Chart)

Arbitrum buyers began the month reclaiming strength at the $0.2400 zone, making notable progress as they breached the $0.3890 key level. However, the bullish momentum has since waned. Sellers are stepping in to challenge the market’s upward trajectory. The current market strength remains stuck at $0.3220, as buyers struggle to regain control.

The Stochastic Oscillator reflects growing seller interest. It signals the potential for further declines in the price. Similarly, the Bollinger Band indicator shows low price volume. This indicates reduced market activity and a lack of sufficient momentum to drive significant expansion.

Despite the early bullish efforts this month, sellers are gaining a foothold, putting pressure on the bulls. The market may experience a potential slip lower as sellers capitalize on the current lack of buyer strength. However, the bulls are likely to regroup and attempt another push for expansion once momentum increases.

The $0.3000 support zone will be critical for buyers to defend as they aim to prevent further declines. On the upside, breaking past the $0.3890 resistance zone remains a key target for the bulls to regain control of the market.

ARBUSD Faces Decline as Buy Sentiment Weakens

ARBUSD Short-Term Trend: Bearish (4-Hour Chart)

On the lower time frame, the bulls appear to be running out of luck as sellers maintain their pressure. The market shows potential for a slip lower before buyers can regroup for recovery. The Stochastic Oscillator supports this outlook, with sellers currently having the upper hand. Nevertheless, if momentum increases, the market may see renewed buyer activity and room for expansion in the near term.

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