Ark/Tether (ARKUSDT) Market Overview

• Ark/Tether (ARKUSDT) opened at $0.4098 and closed at $0.3648, down 13.19% in 24 hours with a low of $0.2100.
• Price dropped sharply below key support levels on heavy volume, with volatility peaking in the overnight session.
• RSI reached oversold territory by 07:00 ET, while MACD confirmed bearish momentum with negative divergences.
• Bollinger Bands widened significantly as the pair collapsed to $0.21, signaling high volatility.
• Volume spiked above 600k during the selloff, with $0.365–$0.370 acting as immediate resistance in the short term.

Ark/Tether (ARKUSDT) recorded a 24-hour range of $0.2100 to $0.4129, opening at $0.4098 and closing at $0.3648 at 12:00 ET. Total volume reached 16.9 million, with notional turnover surpassing $6.1 million. The price action showed a sharp breakdown below prior support, marked by a bullish engulfing pattern turning bearish and a long lower shadow indicating rejection near $0.36.

The 20- and 50-period moving averages on the 15-minute chart both closed below the price at 12:00 ET, reinforcing bearish momentum. The 50-period MA (around $0.38–0.39) previously acted as resistance during the selloff. On the daily chart, the 50- and 100-period MAs crossed bearishly, while the 200-period MA continues to offer long-term support near $0.34–0.36.

MACD remained negative throughout the session, with a bearish crossover occurring at 04:15 ET. RSI bottomed near 25 by 07:00 ET, suggesting oversold conditions. Bollinger Bands expanded significantly between 20:00 ET and 02:00 ET, with the price testing the lower band at $0.21 and rebounding. Volatility remained elevated as the price spent extended periods outside the bands.

Fibonacci retracement levels on the 15-minute chart highlighted $0.365–0.370 (38.2%) and $0.370–0.375 (61.8%) as potential resistance. On the daily chart, the $0.33–0.35 zone (61.8%) offers the next major support, with a break below that likely to target $0.30–0.28.

ARKUSDT may test the $0.35–0.365 range in the next 24 hours as buyers react to oversold conditions. A retest of the $0.21 low could trigger a short-term bounce, but a sustained break below $0.33 would signal deeper bearish pressure. Investors should monitor volume divergence for signs of accumulation or distribution.

A backtesting hypothesis can be constructed using a combination of the RSI and Bollinger Band breakouts observed today. A long entry could be triggered when RSI dips below 30 and the price closes above the Bollinger Band lower channel, while a short entry may be considered when RSI crosses above 70 and the price moves below the upper band. Stops and limits should be set dynamically based on recent ATR (Average True Range), with tight stops near key Fibonacci levels to manage risk in a volatile environment.