Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Looking at ARC's recent market movement, it's like a carefully orchestrated bullish breakout. Starting from the bottom at $0.03126, the price has been oscillating within the $0.03500-$0.03800 range, with each dip being absorbed by major funds, seemingly preparing for a final surge. Indeed, once the buildup is complete, the momentum is fierce, breaking through previous resistance levels and soaring to a new high of $0.03973. Even after a slight pullback to $0.03967, the daily increase is still 9.43%.
The trading volume is also impressive—24-hour turnover has exceeded 17.37 million USDT, with a trading volume of 465 million, clearly driven by large orders during this sprint phase. This surge in volume coupled with new highs indicates that it's not retail investors playing around; institutional-level funds are definitely involved.
If you want to participate in this rally, my advice is: don't chase the high. Wait for ARC to pull back to the $0.03700-$0.03800 range before entering with a small position. This approach significantly reduces risk. For taking profits, consider phased targets: first at $0.04000, then at $0.04050. If the breakout continues, the next target could be $0.04100. Make sure to set your stop-loss at $0.03650; if it breaks below this level, the short-term rally is likely to reverse.
Looking at the data, a 14.85% increase over 7 days and a 98.95% rise over 90 days show that the bullish trend is solid. While short-term corrections may occur, as long as you hold above $0.03650, there's no need to worry excessively. There's no need to consider short positions now; chasing high and placing sell orders will only lead to repeated market friction. For long positions, patience is key—wait for the pullback to re-enter, so you can steadily capture the gains from this upward movement.