Ark/Tether (ARKUSDT) Market Overview

• Price declined from 0.3096 to 0.3027 over 24 hours.
• Volume surged to 468,640 at peak during early morning hours.
• Momentum shifted midday with overbought RSI conditions.
• Bollinger Bands show price hovering near the upper band.
• Key support identified at 0.3030, 0.3015, and 0.3000.

ARKUSDT opened at 0.3036 on 2025-11-08 at 12:00 ET and traded as high as 0.3096, falling to a low of 0.3000 before closing at 0.3027 on 2025-11-09 at 12:00 ET. Total 24-hour volume reached 943,732, while turnover amounted to ~$293,965 based on average trade size.

The 15-minute chart revealed a volatile session with multiple retests of key levels. A strong bullish reversal pattern emerged near 0.3020 around 19:45 ET, followed by a bearish engulfing pattern at 21:00 ET. The price found temporary support at 0.3030 but failed to break above 0.3060. On the 20- and 50-period moving average lines, ARKUSDT remains below the 20SMA, with the 50SMA acting as a dynamic resistance.

Bollinger Bands showed increasing volatility during the overnight session, with price hovering above the upper band at one point. The RSI hit overbought territory (~75) around 01:00 ET but has since corrected to mid-range, suggesting the bearish correction may have some legs left. Volume was highly concentrated between 01:00–03:00 ET, coinciding with a sharp decline, indicating strong selling pressure during that window.

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Fibonacci retracement levels drawn from the 0.3000–0.3096 swing show 38.2% at 0.3048 and 61.8% at 0.3033—both critical for near-term direction. Price appears to be consolidating below these levels, suggesting a potential test of the 0.3020–0.3015 support zone.

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Backtest Hypothesis
While MACD data for ARKUSDT is currently unavailable, a manual backtest can be constructed using price action and RSI signals. A potential strategy would involve entering long positions on RSI overbought dips below 70 and exiting at the 14-day high. Given the recent price volatility and key Fibonacci levels, a 14-day trailing stop-loss placed at the 0.3010 level could capture a portion of the potential bounce.

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