Arbitrum Price Prediction: ARB/USD Trades at $0.95 to Prepare for the Upside
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Arbitrum Price Prediction – June 15
The Arbitrum price prediction shows that ARB could give a remarkable improvement if it begins a new bullish movement.
ARB/USD Medium-term Trend: Bearish (4H Chart)
Key Levels:
Resistance levels: $1.15, $1.20, $1.25
Support levels: $0.75, $0.70, $0.65
ARB/USD is preparing to cross above the 9-day and 21-day moving averages after having a bearish session a few hours ago. The Arbitrum price is currently moving toward the upside as the signal line of the technical indicator Relative Strength Index (14) remains above the 40-level, which indicates that bullish movement may play out.
Arbitrum Price Prediction: ARB Bulls Will Spike to the Upside
The Arbitrum price is going to cross above the moving averages to head to the upside. Nonetheless, if the coin begins to follow the bullish trend, the bulls would push the price toward the resistance levels of $1.15, $1.20, and $1.25. In the continuation of the bearish movement, if the market price drops and crosses below the lower boundary of the channel, it could touch the support levels at $0.75, $0.70, and $0.65 respectively.
ARB/USD Medium-term Trend: Ranging (2H Chart)
ARB/USD is moving to cross above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves below the 50-level which could introduce a bearish movement. Meanwhile, a possible drop toward the lower boundary of the channel could surface if the price head to the south, any further bearish movement can bring the coin to the critical support level of $0.88 and below.
However, if the bulls push the coin higher, the Arbitrum price will head toward the upper boundary of the channel. Once this comes to focus, the price would hit the resistance level of $1.03 and above. Moreover, the trading volume is coming up slowly and will begin to climb higher if the technical indicator moves to the positive side.
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