ARKM/USDT – Major Breakout Signal from Multi-Month Accumulation Detailed Analysis:
ARKM/USDT is currently showing a strong technical signal for a potential bullish reversal after a prolonged downtrend from its peak near $3.996. Here are the key insights from the chart:
1. Long-Term Accumulation Zone:
Price has formed a strong horizontal support zone between $0.35 and $0.45 (highlighted in yellow).
Multiple rejections from this zone indicate accumulation by smart money.
2. Descending Triangle Breakout Pattern:
A clear downward trendline has been tested multiple times and is now close to being broken.
A successful breakout could trigger a powerful upward rally.
3. Potential Upside Targets (Resistance Levels):
Target 1: $0.73
Target 2: $0.894
Target 3: $1.575
Target 4: $2.493
Target 5: $3.188
Final Target (ATH): $3.996
4. Potential Trading Strategy:
Aggressive entry: On breakout above the descending trendline with strong volume.
Conservative entry: On retest of the broken trendline, now acting as support.
Stop-loss: Just below the accumulation zone (~$0.30).
5. Market Sentiment:
The market structure suggests a potential bullish reversal is building.
If momentum confirms, this setup has significant upside potential.
🎯 Summary:
ARKM is showing signs of strength as it approaches a breakout from a key descending triangle pattern. A move above the resistance could mark the beginning of a strong bullish trend. Keep an eye on volume and breakout confirmation.
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