Arbitrum Price Prediction: ARB/USD Consolidates at $1.63; Price Could Face the North
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Arbitrum Price Prediction – April 15
Arbitrum price prediction reveals that if bulls push the market price above the moving averages, ARB will head to the upside.
ARB/USD Medium-term Trend: Ranging (2H Chart)
Key Levels:
Resistance levels: $2.00, $2.20, $2.40
Support levels: $1.30, $1.10, $0.80
According to the daily chart, ARB/USD is moving sideways, trading below the 9-day moving average. Meanwhile, as the coin hovers at $1.63, the bullish momentum will make the coin move toward the resistance level of $1.80 resistance level. Nevertheless, if the bulls fail to drive the price above the upper boundary of the channel, Arbitrum price could slide toward the 21-day moving average.
Arbitrum Price Prediction: ARB/USD Would Head to the Upside
Arbitrum price is changing hands at $1.63 where it could reclaim the resistance level of $1.64. The coin may cross above the upper boundary of the channel so that it can locate the potential resistance levels at $2.00, $2.20, and $2.40. Meanwhile, the support levels may be found at $1.30, $1.10, and $0.80 so that new buyers can come into the market while the technical indicator Relative Strength Index (14) remains above the 60-level.
ARB/USD Medium-term Trend: Ranging (30M Chart)
Arbitrum price remains below the 9-day and 21-day moving averages but may cross below the lower boundary of the channel if the sellers increase the pressure. The technical indicator Relative Strength Index (14) remains below the 50-level, which suggests that the coin may retreat a little before gaining additional uptrends. This is to prepare the buyers for the upward movement, and it could be the best time for more buyers to buy the dip.
However, any bullish movement toward the upper boundary of the channel could hit the resistance level at $1.80 and above. Nevertheless, ARB/USD could display some bearish signals if the market price heads toward the south, and Arbitrum price may locate the critical support at $1.50 and below.
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