MyCryptoParadise_Nathan

ARKM/USDT It possible revisit the demand and continue upward!

BINANCE:ARKMUSDT   ARKM / TetherUS
πŸ’Ž Paradisers, #ARKM is indeed gaining attention as a potential coin to monitor closely.

πŸ’Ž It has successfully broken out of the descending channel pattern, indicating positive momentum. However, the price hasn't yet retraced to retest the breakout level.

πŸ’Ž The price may likely test the demand zone around $1.7 - $1.46 before resuming its upward movement. Confirmation of a bullish trend reversal would require a breakout above the Choch area, potentially leading to a move toward our target area.

πŸ’Ž Should ARKM fail to find support and bounce from the demand area, the next significant level to watch is the key support area around $1.26. As the name suggests, this level holds key significance and would ideally act as a strong support zone for ARKM.

πŸ’Ž However, bullish invalidation would occur if ARKM breaks below the key support area. Such a move would confirm a continuation of the bearish trend, potentially leading to further downward movement in price.

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