In line with many coins in the Altcoin market, ARK is a project that’s price has suffered majorly in recent weeks. With the last recognised support at $0.27-0.29 failing to hold, we are now creating new lows, and the question currently is – how low can we go?
Today’s trading at $0.23-0.24 is a level not previously seen by ARK investors, and it would be foolish to not be concerned at this current moment. The positives to bear in mind however, are that ARK has always been a very reputable project, with constant updates and communcation from the team. The secondary value to take note is that it is merely moving with the majority of the market, and one that investors would like to think would survive long enough to see the next Altcoin run.
Technically, bulls will need to push price back upto the key $0.27-0.29 support, now resistance level and then break the longstanding descending trendline. The bears will continue to aim at creating new lows on a daily basis.