$ARKM
/USDT Technical Analysis & Trade Signal💯🔥
Current Price: $1.52
24h Price Change: +4.45%
Technical Indicators:
RSI (Relative Strength Index): Near 60, indicating neutral-to-bullish momentum. A potential reversal might occur around 70, suggesting an overbought condition.
MACD: Bullish crossover observed, suggesting upward momentum.
Moving Averages: The price is currently above the 50-day and 200-day moving averages, indicating a strong bullish trend.
Support and Resistance Levels:
Support: $1.44 (strong support, recently tested during the 24h low)
Resistance: $1.56 (near the 24h high)
Trade Signal: Buy (Bullish momentum expected)
Target Levels 🎯:
1. Target 1: $1.56 (previous resistance, 24h high) – First profit-taking level.
2. Target 2: $1.60 (near a minor resistance zone)
3. Target 3: $1.65 – Extension point before possible consolidation.
Trade Momentum:
Short-term Momentum: Bullish
Medium-term Momentum: Bullish, though keep an eye on overbought conditions (RSI).
Risk Management: Set stop-loss near $1.45 to minimize risks in case of a downside reversal.