$ARK ARK at a Turning Point – Breakout or Breakdown?

Bullish Breakout

If the price breaks above the current resistance zone (around $0.536), we might see a continuation of the upward trend. Potential upside targets could range between $0.62 to $0.66, depending on momentum and volume confirmation.

2. Bearish Rejection

If the price gets rejected from this resistance, it could pull back toward the lower support trendline. Possible downside levels to watch are around $0.44 to $0.42.

Key Technical Notes:

The pattern seems to be forming a rising wedge or ascending channel.

Volume has increased recently, which could support a breakout — but wait for confirmation (e.g., a strong candle close above resistance).

Watch out for fakeouts — often, price briefly breaks resistance and then drops back into the range.

If you're planning a trade:

Use proper risk management.

Wait for a breakout with strong volume or a retest of the breakout before entering.

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