ARKM Technical Analysis in Daily Timeframe

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

ARKM has been in a downtrend since March 2024 when it made a new all-time high of $4.02. Currently, the price is close to the primary support level at $1.178, and a rebound is likely expected from here.

The RSI shows a bullish divergence, creating a better chance for a bullish rally.

- Primary Support: $1.176.
- Lower Support: $0.7519.
- Primary resistance: 50EMA and the resistance trendline.
- Long-term Target: $4.
- Invalidation Point: A breakdown and close below the primary support level.

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE