Archer Aviation had a rough day and is now down -6.65%. Investors weren't too impressed with the future outlook for the asset which caused some selling on weak demand. ACHR is currently at a weak resistance line, price may carry its momentum forward and break through or potentially reverse and head down lower. Hard to say, I probably wouldn't bet the farm on
that alone... Archer Aviation hasn't looked that great recently. We may get more sellers coming in on supply zones, but maybe the buyers finally think it's a good deal, I guess we'll see.
If the price breaks through the resistance level it will probably move up to the $5.71 where it may meet further resistance. If the price does in fact bounce off here, it might find nearest support down at the $4.68 level, hard to say where it will go from there though.
