Arkham's Value Surges 6.5% in 24 Hours, Monthly Gains at 50.62%

Blockchain analytics platform Arkham ($ARKM) has experienced a significant surge in value, with a 6.5% increase in the past 24 hours, bringing its monthly gains to 50.62%. At the start of the month, $ARKM was trading at $0.4685, and as of the latest update, it stands at $0.7567, having reached a daily high of $0.8382. This upward trend has sparked optimism among traders, who anticipate that the token could revisit its 2024 high of $3.99 as market sentiment remains bullish.

Despite this rally, Arkham’s market capitalization of $190 million still lags behind key competitors in the AI and blockchain analytics sectors. For instance, AI agent AIXBT, which provides sentiment analysis via X, is valued at over $190 million. Another competitor, Kaito, focused on social data analytics, holds a valuation exceeding $400 million. However, Arkham’s unique offerings, such as real-time transaction tracking, wallet identification, and its newly launched U.S.-based Arkham Exchange, which combines analytics with trading, could drive further growth.

Arkham recently expanded its services to include spot and futures trading on its newly launched Arkham Exchange in the U.S., integrating its analytics platform with direct trading access. This move has been well-received by the community, with over 89% of 33,000 voters on CoinMarketCap anticipating further price growth, with many eyeing the $0.85 level as a short-term target. A new feature that allows users to track wallets tied to major X accounts with over 100,000 followers, including high-profile figures like Ethereum’s Vitalik Buterin and Tron’s Justin Sun, has also fueled this optimism.

Arkham’s reputation for blockchain transparency has been further bolstered by its role in key investigations. During the infamous $1.5 billion Bybit hack, Arkham partnered with blockchain sleuth ZachXBT to trace the stolen funds, awarding him a 50,000 $ARKM token bounty for successfully identifying the hacker using Arkham’s analytics. This collaboration has enhanced Arkham’s credibility and showcased its capabilities in the blockchain analytics space.

Listed on Binance since 2023, $ARKM is described as an “intel-to-earn” token, a tool that fuels blockchain transparency through AI. Technical indicators suggest a 136% upside for $ARKM. After bottoming out at around $0.35, $ARKM has formed a broad ascending base, with the price surging past $0.70, reaching $0.737 at the time of the snapshot. The volume on the breakout exceeded 16.3M, indicating strong buying interest and potential accumulation. The RSI Divergence Indicator (14, close) shows a clear bullish divergence from February through April, with several “Bull” indicators confirmed. RSI is now at 66.07, just under overbought territory, suggesting momentum is still strong but nearing a possible cooling-off zone.

Looking ahead, the chart identifies three key price targets. The first lies at $1.043, marking the initial area of resistance where some traders may look to take profits or where the price might consolidate. If this level is surpassed, the next target is set at $1.351, a zone that previously acted as support and may now present resistance. The final target is projected at $1.795, representing a full move from the breakout zone and a potential gain of 136.12%. Key support remains around $0.60–$0.65, where the breakout occurred. This area should be watched closely for confirmation of support if a retest occurs.