Arbitrum Price Prediction: ARB/USD Could Hit $1.10 Resistance
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Arbitrum Price Prediction – June 18
The Arbitrum price prediction shows that ARB is getting ready to move to the upside as the coin hovers around the $1.00 level.
ARB/USD Long-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $1.14, $1.16, $1.18
Support levels: $0.90, $0.88, $0.86
Looking at the chart, ARB/USD will cross above the upper boundary of the channel, and the coin could hit the $1.12 resistance level in the next positive movement. Arbitrum price may begin to move sideways as it tries to focus on the upside. Meanwhile, ARB/USD is currently trading at $1.00, but it could probably touch the nearest resistance level of $1.10 if the bulls increase the pressure.
Arbitrum Price Prediction: ARB Price Could Move Sideways
The Arbitrum price is hovering below the 9-day and 21-day moving averages. Meanwhile, a break above this barrier could encourage more buyers to increase the buying pressure, which could push the price toward the resistance levels of $1.14, $1.16, and $1.18. On the downside, if the price breaks toward the lower boundary of the channel, sellers could gain traction with the next focus toward the nearest support at $0.95.
Moreover, if the 21-day moving average is broken, the downside pressure will increase while the next supports can be created around $0.90, $0.88, and $0.86 respectively. The technical indicator Relative Strength Index (14) remains above the 50-level, as the signal line will begin to move in the positive direction.
ARB/USD Medium-term Trend: Ranging (2H Chart)
ARB/USD is moving within the 9-day and 21-day moving averages and the coin could begin a bullish movement. Nevertheless, a close above the resistance level of $1.05 will encourage the bulls to extend the rally toward the resistance level of $1.10 and above.
Therefore, any bearish drop toward the lower boundary of the channel could reverse the market price, and a further bearish movement can locate the support level of $0.92 and below. Meanwhile, there is a possibility that Arbitrum price will begin the upward movement if the technical indicator Relative Strength Index (14) remains above the 50-level.
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