ARKM/USDT – Bullish Continuation Pattern with Upside Potential

Date: July 18, 2025

ARKM/USDT is showing renewed bullish momentum after a prolonged accumulation phase. The price has broken out of a tight range and is now pushing above key moving averages with volume support, indicating a potential trend reversal and upside continuation.

📊 Technical Overview:

Current Price: $0.601

EMA Alignment: Price is currently above the 4EMA, 50EMA, and 100EMA, suggesting growing short-term strength. Still trading below the 200EMA (~$0.695), which could act as resistance.

Structure: Strong breakout from a horizontal consolidation range. The pattern resembles an accumulation zone followed by an impulsive move.

📉 Support Zones:

$0.585 (minor support – recent breakout level)

$0.400 (major accumulation base and demand zone)

📈 Resistance/Target Zones:

Immediate Target: $0.749–$0.793 (horizontal resistance from past price action)

Mid-Term Target: $1.328–$1.409 (projected target based on height of the accumulation box)

📊 Indicators:

RSI: 67.84 – bullish momentum increasing, nearing overbought territory but not yet exhausted

Volume: Volume increasing on green candles – confirms buyer interest and breakout legitimacy

🔍 Chart Structure:

Price spent several months inside a wide consolidation box between ~$0.40 and ~$0.75.

The recent breakout from a smaller mini-range inside the larger zone suggests a renewed push toward upper resistance.

The pattern projection points to a possible move back to the $1.30+ zone in the medium term.

🎯 Upside Projections:

Short-Term Target: $0.749–$0.793

Mid-Term Target: $1.328–$1.409

These levels correspond to past structural resistances and measured breakout moves.

📉 Invalidation:

Breakdown below $0.585 would invalidate the short-term bullish setup.

Falling back into the $0.40–$0.50 zone would indicate weakness and likely further consolidation.