ARKM/USDT Price Analysis: Testing Key Resistance Levels
$ARKM

Moving Average (MA) and VWAP:

The 200-period MA is positioned at approximately $1.383, with the current price above this level, indicating bullish momentum. If the price continues to hold above this level, it may suggest further upward movement.The VWAP is currently at $1.934, which aligns closely with the recent price movement, implying that buyers are supporting the price around this level. A break above VWAP could reinforce bullish sentiment.

Relative Strength Index (RSI):

The RSI stands at around 60.52, nearing overbought territory but still suggesting strong bullish momentum. If the RSI moves above 70, caution for a potential correction may be warranted.

Moving Average Convergence Divergence (MACD):

The MACD histogram shows positive values, with the MACD and signal lines both above zero, suggesting a bullish trend. A sustained crossover of the MACD line above the signal line could further confirm a bullish continuation.

Cluster Analysis and Support/Resistance Levels:

Strong support is observed around $1.800, where several clusters indicate buying interest.Resistance is expected between $2.000 - $2.100, and this level will be crucial for confirming a bullish breakout if price breaches this resistance zone.

Bullish Scenario:

A continued move above the $1.934 VWAP with sustained volume could propel ARKM towards the resistance zone around $2.100. Trading above the 200-period MA would further confirm the bullish outlook.

Bearish Scenario:

If ARKM fails to hold above the $1.800 support level, it could signal a potential pullback towards $1.600, where further support may be found. A drop below the 200-period MA would suggest a deeper correction.

Disclaimer:
This analysis is provided for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves substantial risk, and readers are advised to perform their own research and consult with a financial advisor before making any investment decisions.