ARK looks promising for the upcoming Alt season. ARK has steady development and products releasing soon. At under 2 dollars and low market cap, its an underdog platform play IMO
As per my previous post I have been watching this pair for many weeks now. ARKUSD has found some nice support on a previous resistance point and time will tell if we can break out of this weekly/monthly historical triangle.
Given that Ark is authored in Typescript, is releasing a multi-asset wallet and has created the tools for anyone to launch a blockchain...
ARKUSD had a nice bounce of a historical line of resistance on the weekly USD chart. With V3 around the corner, smart transactions and deployer coming to Ark, this could be what pushes it to test previous highs of ~$8
You can see that historically ARK trends down against ETH but I can see a clear cyclical pattern within this downtrend. If it plays out, Ark can gain 150% against ETH in the coming weeks.
I'm using custom Arkbtc/ethbtc chart due to lack of ARK/ETH direct pairing.
