Technical Analysis for $ARK

/USDT

1. Current Price: $0.6101

2. 24-Hour Price Movement: +13.44%

3. Resistance Level: $0.6158

4. Support Level: $0.5061

Technical Indicators:

RSI: Neutral to Bullish (Potential to move higher, but needs confirmation)

MACD: Bullish crossover (indicates upward momentum)

Moving Averages: 50 EMA crossing above 200 EMA (Bullish trend formation)

Trade Signal:

Buy when the price holds above $0.6060, signaling continued bullish momentum.

Stop-Loss at $0.5800 to minimize downside risk.

Target Levels 🎯:

1. Target 1: $0.6350

2. Target 2: $0.6550

3. Target 3: $0.6700

Momentum:

The price is showing positive momentum after breaking resistance near $0.6050. The bullish trend is likely to continue towards the targets, but a pullback to $0.5800 or lower would be a key signal for reconsidering entry. Monitor volume for confirmation of upward movement.

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