$ARK bullish momentum
Ark’s 28% price surge aligns with project-specific developments and broader crypto ETF inflows, though technical indicators suggest overbought risks.
ARK DEFAI launch (July 4) introduced AI-driven governance and modular finance tools.
Technical upgrades to Ark’s trading platform boosted volume by 75%.
Altcoin momentum as Bitcoin ETF inflows lifted risk appetite.
RSI-7 hit 64.29 (neutral-to-bullish), while MACD shows bullish divergence (histogram +0.00396).
Price broke past the 23.6% Fibonacci retracement ($0.428) and 30-day SMA ($0.369), though faces resistance near the 200-day SMA ($0.425).
3,854% volume spike signals speculative FOMO, but turnover of 3.63x market cap suggests liquidity risks.