ARKM/USDT Analysis and Prediction
• Bollinger Bands: The price has recently breached the upper Bollinger Band, which often signals a strong bullish momentum but could also indicate that the asset is overbought, potentially leading to a short-term correction. Currently, the upper band sits at $1.767.
• RSI Levels: The RSI (6) is at 86, which is in the overbought zone, suggesting potential for a correction soon. Similarly, RSI(12) is also elevated at 79.
• Strong Momentum: The chart shows a strong rally from $1.132 to $1.773. The price momentum is bullish, and with high volume, the upward trend could continue.
Doc’s Prediction:
• In the short term, expect a slight pullback to $1.60 due to overbought conditions 📉.
• If the momentum remains strong after consolidation, the price might target $1.80-$1.85 📈.
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