$ARKM Infrastructure Eyes Potential Breakout: Targets in Play 🎯! 🚀
On the 1h timeframe, $ARKM currently at $0.589, up by a solid +4%! The 24h high is $0.591, with a volume of 23M ARKM and 13M USDT. The RSI is climbing at 65, suggesting increasing buying interest.
✅ Key Observation:
#arkm is approaching the previous high around $0.591, indicating a potential bullish breakout on the 1-hour chart.
next Next Potential targets:
🎯 $0.591 (24h high - immediate resistance)
🎯 $0.610 (potential next resistance level)
🎯 $0.630 (further potential resistance if breakout is strong)
🛡️Important Support Level (to watch for potential pullback):
🛡️ $0.580 (potential near-term support zone)
🛑 Stop Loss: Consider a stop loss around $0.575 to protect against a failed breakout.
📈 **Potential Price Path in the Next Hours:**
#arkm is showing increasing bullish momentum as it nears the $0.591 resistance level. A sustained break above this high with increasing volume would likely confirm a bullish breakout, potentially leading to a move towards the $0.610 resistance and further towards $0.630. The rising RSI supports this potential upward trajectory within the infrastructure sector. Monitor volume closely for confirmation of the breakout.
Buy and trade here on $ARKM