Technical analysis by CryptoAnalystSignal about Symbol ARKM: Buy recommendation (5/11/2025)

#ARKMThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.690.We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.We are looking for stability above the 100 moving average.Entry price: 0.695First target: 0.742Second target: 0.798Third target: 0.862