Technical analysis by CryptoNuclear about Symbol ARKM: Buy recommendation (6/29/2025)

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: $0.73Target 2: $0.894Target 3: $1.575Target 4: $2.493Target 5: $3.188Final Target (ATH): $3.9964. 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.#ARKM #ARKMUSDT #CryptoBreakout #AltcoinAnalysis #TechnicalAnalysis #CryptoReversal #BullishSetup #CryptoTrading #TradingView #DescendingTriangle