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In the face of persistent bearish attempts to suppress the price of ARK (ARK), bulls have resiliently countered by pushing the price and sustaining the bullish trend. ARK has experienced a 3% surge within 24 hours and is now trading at $0.50 as of 10:31 a.m. EST. Additionally, it has surpassed the $0.47 mark, rebounding from its support level of $0.45. The trading volume has also reached $8.56 million, marking a 29% increase for the day.
This strong performance has drawn in more buyers, propelling the price towards its current resistance point at $0.52 and allowing them to recover losses.
ARK Price Beckons Breakout Above the Symmetrical Triangle
ARK is signaling a bullish rally as it bounces back from the $0.44 support zone and nears the upper boundary of a symmetrical triangle.
The symmetrical triangle provides essential support for bullish sentiment, facilitating the push in price towards the current resistance point of $0.51.
Price indicators display optimistic signs for ARK’s price, with the 50 and 200 moving averages trading below the price at $0.48 and $0.49, respectively.
Moreover, the 200 SMA directly supports ARK’s price potential, serving as a springboard for this bullish rally.
Furthermore, the relative strength index (RSI) has rebounded from the neutral position around the 50 mark and is heading towards the overbought region near 70.
ARK is currently in a bullish phase, supported by price indicators. If the price sustains its current momentum, there is potential for ARK’s price to attain new highs as the bulls aim for the $1 resistance level, possibly reaching $0.65.
On the other hand, should the bears take advantage, they might push the price down to the $0.47 support zone. A breach below this support level could erode some of the gains made by the bulls, potentially leading to a drop to the $0.44 support level.
The swift growth of BTCMTX as it nears the conclusion of its presale phase is capturing the attention of numerous investors, presenting itself as a great alternative to ARK.
BTCMTX Presale Hanging on Edge, Buy Fast
Bitcoin Minetrix (BTCMTX) is turning investors’ heads as the project has achieved an impressive milestone in its presale, amassing a significant $1,240,410 in funding with just 2 days left until completion of its first stage. Currently priced at $0.011 per token, the price is set for an upward adjustment following the presale move to stage 2. This assures investors who jump in now substantial returns.
An impressive milestone reached by #BitcoinMinetrix!
Exceeding the $1,200,000 mark! 🎉 pic.twitter.com/DwCXcHjdFV
— Bitcoinminetrix (@bitcoinminetrix) October 13, 2023
Bitcoin Minetrix has set a goal to raise more than $15 million by conducting a fair presale, during which up to 77.5% of the total token supply will be available. They have allocated 22.5% for community initiatives and staking rewards.
This approach encourages the community to promptly engage in staking BTCMTX tokens, thereby enhancing token stability.
Less than 3 days left of Stage 1! ⏳🔥 pic.twitter.com/0vQv7PYTW1
— Bitcoinminetrix (@bitcoinminetrix) October 13, 2023
The funds generated will be used to launch the Bitcoin Minetrix platform and promote the token, with the ultimate objective of acquiring a cloud mining plant or securing the long-term rental of a cloud mining facility.
High APY Staking, $30,000 Airdrop
The BTCMTX staking pool offers a remarkable 477% annual percentage yield (APY), with 87 million tokens staked during the presale.
Additionally, the project has introduced a ‘Minedrop Competition’ featuring a $30,000 airdrop, where 10 fortunate participants can win $BTCMTX tokens, each valued at $3,000.
🎉 #BitcoinMinetrix $30,000 Minedrop Is Now Live! 🎉
Get ready for your chance to win a share of $30,000 in $BTCMTX!
Follow the steps in the link below for the chance to win one of ten $3,000 $BTCMTX Prizes! 💰
➡️ https://t.co/v1UKskxi4Y pic.twitter.com/nseOBTNO9N— Bitcoinminetrix (@bitcoinminetrix) October 5, 2023
Jacob Crypto Bury provides comprehensive insights into the mining procedures and the acquisition of BTCMTX on his YouTube channel.
Bury, who boasts a YouTube subscriber base of over 22,000, has mentioned that he made a $2,000 investment in BTCMTX as an addition to his portfolio, which shows his confidence in the project.
Acquiring the token is possible through bank cards or by swapping ETH, BNB, or USDT for $BTCMTX on its official website.
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