Here’s a quick technical wrap on ARK’s bounce and whether momentum is really shifting back in buyers’ favor today:
1. Price Action & Structures
After dipping to test the $0.50 “make-or-break” zone, ARK has held higher lows (now around $0.515), signaling that sellers are losing steam.
The 15‑minute chart shows a clear upward swing from $0.500 → $0.520, with each pullback finding support above the prior trough.
2. Key Levels to Watch
Immediate Resistance: $0.5310 (minor supply) → $0.5450 (stronger supply cluster from early April)
Major Support: $0.5000 psychological / $0.4800 lower boundary from late March
3. Bullish Trade Plan
Entry Zone: $0.5150 – $0.5220 (on shallow pullbacks into the rising trendline)
Stop Loss: $0.4950 (below the recent swing low and the 50% retrace of the latest leg up)
Targets:
1️⃣ $0.5350 (just under the first supply line)
2️⃣ $0.5520 (above the April high, for a fresh swing high
Confirmation: A 15‑minute close above $0.531 with increased volume would be ideal before scaling in further
4. Bearish/Rejection Scenario
If ARK fails to sustain above $0.5300 and prints a lower high, look for a pullback toward $0.5050. That level—right by the 50‑hour moving average—could offer a second chance to play the bounce, provided it holds.
5. Broader Context & Risk Management
With Bitcoin and the broader alt‑market in a slight uptrend, ARK’s correlation suggests it’s playing catch‑up. A reclaim of $0.545 would put ARK back into new‑swing‐high territory, attracting fresh momentum buying.
Keep your position sizing tight: at this price a $0.02 SL vs. $0.015–$0.030 R:R ratios work well.
Always watch volume confirmation: if volume dries up as price approaches resistance, odds of a faked break increase.
Bottom Line: The structure and volume profile favor buyers right now—provided ARK can convincingly clear $0.531. A solid 15m close above there is your green light for a run toward $0.545–$0.552. If it stalls, wait for the $0.505 area to show support before stepping back in. Happy trading!
