Arbitrum Price Prediction: ARB/USD Price Begins a Bullish Trend
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Arbitrum Price Prediction – June 13
The Arbitrum price prediction shows that ARB is going to face moderate volatility as the coin crosses above the moving averages.
ARB/USD Long-term Trend: Bearish (4H Chart)
Key Levels:
Resistance levels: $1.150, $1.200, $1.250
Support levels: $0.850, $0.800, $0.750
ARB/USD is moving to cross above the 9-day and 21-day moving averages as the market price hovers at $0.982 with a daily gain of 0.99%. However, as the coin moves to create additional gains, additional resistance can be found at the $1.105 level. On the contrary, sliding below the lower boundary of the channel may hit the closest support at $0.900.
Arbitrum Price Prediction: ARB Price Could a Spike to the North
According to the daily chart, with the confirmation of the technical indicators, the Arbitrum price is going to create additional bullish trends as the Relative Strength Index (14) is moving above the 40-level, warming up for a positive movement.
At the time of writing, ARB/USD bulls will push the coin to cross above the moving averages, but any bearish movement toward the south could bring the Arbitrum price to a downtrend where the new investors can take advantage of investing in the coin. However, the support levels for ARB/USD can be located at $0.850, $0.800, and $0.750, while the resistance levels lie at $1.150, $1.200, and $1.250.
ARB/USD Medium-term Trend: Ranging (2H Chart)
The Arbitrum price is likely to cross above the 9-day and 21-day moving averages as the coin moves toward the upside. However, the nearest resistance is set near the upper boundary of the channel as the market price could touch the nearest resistance level of $1.000.
On the other hand, if the Arbitrum price slides and faces the downside, ARB/USD can create a new low, and crossing below the lower boundary of the channel may hit the support level of $0.870 and below. Meanwhile, as the technical indicator, Relative Strength Index (14) moves to cross above the 50-level, the market will form a new trend and could hit the resistance level at $1.100 and above.
Place winning Arbitrum trades with us. Get ARB here
