💡 Quick Technical Analysis:
✅ Sudden Surge! ARK rose from 0.4164 to 0.4392 during one strong candle, revealing strong buyer intervention and a sudden influx of liquidity.
✅ Active Indicators!
The Relative Strength Index RSI(6) has risen to 81.98, indicating entry into the overbought zone – suggesting strong momentum but also a potential correction soon.
The MACD indicator shows a clear positive crossover, and momentum has started to build strongly with increasing green bars.
✅ High Trading Volumes! A significant increase in trading volume (2.67M ARK), confirming that the current movement is driven by a decisive market decision.
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🚀 Expected Scenario:
If the price holds above 0.4380 and continues to break through 0.4417 (the highest price in 24 hours), we might see a new test of the strong resistance level at 0.4678 and possibly surpass it.
In case of a retreat, the level 0.4251 may form significant support in the short term.
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🔍 Are we seeing a technical pattern?
A V-Shape Reversal pattern may be forming now after a quick rebound from the bottom at 0.4164 – this pattern often indicates a strong reversal if followed by consecutive green candles.
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🚨 Support Signals:
Positive MACD crossover.
RSI is very high → momentum is strong, but beware of sudden corrections.
Sudden increase in volume → indicates the entry of large investors or positive news.
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💬 My Personal Opinion:
ARK has entered a sudden upward wave that may carry an opportunity, but overbought conditions warrant caution. If the price stabilizes above 0.4417, that is a strong signal of the market's intention to rise to higher levels.
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✅ Final Advice:
Use a stop loss below 0.4251 to avoid violent rebounds.
Watch for the continuation of momentum in the coming hours, especially trading volume.
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📢 What do you think? Will ARK break 0.4678 and continue its rise? Or is it the right time to take profits? Share your view!