ARKM Technical Analysis in Daily Timeframe

7月11日Hello everyone, I’m Cryptorphic.
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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.

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