📈 ARK/USDT – Strong recovery aimed at higher resistance!
• Current price: $0.4234 (+12.43%)
• High of the last 24h: $0.4774
• Low: $0.3728
• Volume: $29.35 million (above average)
• RSI(6): 70.76 → entering overbought zone
• EMAs:
◾ EMA7: $0.3790 ✅
◾ EMA25: $0.3863 ✅
◾ EMA99: $0.4636 ⛔ (not broken yet)
🔍 Technical Analysis:
ARK strongly broke through the short-term averages (EMA7 and EMA25), signaling a short-term reversal and entrance of significant buyers. The current bar shows strong volume and a full-body candle, indicating positive momentum.
However, the price is approaching the EMA99 ($0.4636) — which is a significant resistance zone.
📌 Areas to Watch:
• Key resistance: $0.4636 (EMA99) and $0.51
• Immediate supports: $0.386 and $0.379
• Next target in case of a breakout: $0.51–$0.56 (previous high)
⚙️ Possible Scenarios:
→ If it breaks the EMA99 strongly with increasing volume, the scenario becomes more bullish with a target of $0.50+
→ Rejection in this zone may generate a pullback to the $0.38 region
→ RSI approaches the overbought limit — which may indicate a need for a breather or consolidation
📌 Technical Summary:
✔ Validated reversal structure with breakout of short-term averages
✔ Increasing volume supports the movement
⚠️ RSI on alert — beware of FOMO
⏳ Breakout of the EMA99 may attract even more buyers
📢 Analysis for educational purposes. Always do your own research before investing.
