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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