$ARK The cryptocurrency market just witnessed a massive short liquidation in ARK. A whopping $11.69K worth of positions got liquidated at a price of $0.5983. This is a clear sign of market volatility and potential shake-ups.

What does this mean. Short liquidations like this can cause a rapid price movement, as traders who bet against the market are forced to cover their positions, causing a buying spree that drives the price higher. In this case, the short squeeze could push ARK's price even higher, triggering more liquidations and creating a powerful upward momentum.

Why is this important. Liquidations serve as a catalyst for market movement, especially when they are in large volumes. With $11.69K worth of short positions getting wiped out, ARK is potentially setting up for a price surge. If you're watching the market closely, this could be the moment to catch the next big move.

Key Levels to Watch.

Current Price: $0.54616

Next Resistance Zone: Watch for any potential breakouts above $0.60.

Support Levels: Be mindful of price pullbacks towards the $0.50-$0.52 range before considering re entry.

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