ARKM Faces Key Resistance After Sharp Rally - Can Momentum Hold?
$ARKM has surged over 60% from its early-August lows, reaching $0.6499 before retracing to $0.5873. The rally was fueled by consistent higher lows, signaling strong short-term demand. However, today’s rejection near local highs and a 3.8% daily drop suggest sellers are testing control. The RSI is likely near overbought, and volume patterns show profit-taking. If ARKM holds above $0.55, bulls may attempt another breakout toward $0.70; failure risks a pullback toward $0.50.
Strategic positioning is key in this volatility phase.
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