$ARK Current Price: $0.5600
Bullish Momentum 🐃
🚀 1. Big Price Jump
The price jumped from around $0.38 to $0.75 in just a few candles (within hours).
It has now settled at $0.56, still much higher than earlier.
This kind of price action often signals major interest or news affecting the coin.
Why it's important: A quick rise like this usually means strong buying (demand). It can be due to:
Positive news
Exchange listings
Major investor buying in
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📊 2. Huge Volume Spike
See the green bars at the bottom? That’s trading volume.
The latest bar is much higher than before—lots of people buying and selling.
Why it matters:
Big volume + rising price = strong bullish move (buyers are in control).
It shows confidence and momentum.
🔥 Key Support and Resistance
Resistance (where price may struggle): $0.7500 (recent high)
Support (where price may bounce): Around $0.4573 (short-term MA), and $0.4122 (medium MA)
⚠️ What to Watch Out For
This kind of spike can lead to pullbacks (price may dip before rising again).
Some traders may take profit, which can cause short-term dips.
Watch if volume stays high and price stays above the short MA line — that would be bullish.