2026-01-01 21:23:19

$ARKG is breaking through what looks like years of downtrend consolidation—this isn't a bearish setup anymore. The momentum shift suggests risk-on sentiment could be coming back into play.

Right now it's sitting against the 50-month SMA, which is acting as immediate resistance. If we pull back from here, a test of the trend line combined with the 0.236 log Fibonacci level is on the table. That's where buyers might step in again.

The real key though? Needs to punch above that 50-month SMA to confirm the move is sticking. Once it clears there, we could be looking at a sustained upside run. Watch how price handles this level—it'll tell you everything about whether this breakout has legs.

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NervousFingers

· 11h ago

Can ARKG break through this time? It feels like it hasn't moved at all despite talking about it for so long.

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MerkleDreamer

· 11h ago

If ARKG can stabilize above the 50-month moving average, it would be somewhat promising. However, I still prefer to wait until it truly breaks through before making any moves. Don't be fooled by the line.

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ETHmaxi_NoFilter