Market Overview for Arkham/Tether (ARKMUSDT) – 2025-10-10

• Arkham/Tether (ARKMUSDT) broke out above key resistance before retreating amid high volume.
• Price action shows a bullish 15-minute pattern followed by bearish divergence in momentum.
• Volatility expanded near 0.526–0.531, but volume suggests potential consolidation ahead.
• RSI oversold readings and Bollinger contraction hint at a possible reversal.
• Turnover spiked during the late-ET rally, with divergences suggesting uncertain next moves.

The Arkham/Tether (ARKMUSDT) pair opened at 0.507 on 2025-10-09 12:00 ET and closed at 0.5 at 12:00 ET-1 on 2025-10-10. The 24-hour high was 0.535, and the low was 0.491. Total volume reached 9,457,726.1, while total turnover was $4,801,590.81. Price action featured a sharp 15-minute bullish reversal pattern, followed by a pullback and choppy consolidation into the close.

Structure & Formations

Key support levels emerged around 0.505–0.506 and 0.491–0.499, with the latter acting as a recent floor. Resistance held at 0.517–0.523 and 0.526–0.531 before price rolled back. A bullish engulfing pattern occurred at 0.515–0.518, but a bearish divergence in RSI and volume suggested weakening buying pressure. A doji appeared near 0.505 during the final hour, signaling indecision.

Moving Averages

On the 15-minute chart, price hovered above the 20SMA (0.513–0.516) but below the 50SMA (0.514–0.519), indicating a potential bearish crossover. On the daily chart, the 50DMA (0.510–0.515) acted as a key support, with the 100DMA (0.507–0.512) and 200DMA (0.504–0.509) confirming a bearish trend. Price may test the 200DMA for a potential reversal.

MACD & RSI

MACD showed a bearish crossover with the line dipping below zero in late ET, confirming a shift in momentum. RSI hit oversold territory below 30 during the final 4–6 hours, indicating a potential bounce. However, the divergence between rising price and declining RSI suggested a bearish trap. Momentum appears to be losing steam.

Bollinger Bands

Bollinger Bands showed a contraction during 20:00–21:00 ET, hinting at a potential breakout. Price spent much of the session near the upper band, especially around 0.526–0.531, before rolling back toward the midline. A wide expansion during the final 3 hours suggests increased volatility and potential for a directional move.

Volume & Turnover

Volume spiked during the 15:00–16:00 ET period as price fell from 0.518 to 0.505, with turnover exceeding $1M in two 15-minute intervals. The divergence between high turnover and falling price indicated bearish strength. Volume during the consolidation phase dropped below average, suggesting fading momentum.

Fibonacci Retracements

Fibonacci levels from the 0.491–0.535 swing indicated key retracement levels at 0.514 (38.2%), 0.509 (50%), and 0.504 (61.8%). Price found support at the 50% and 61.8% levels before closing lower, indicating bearish bias. A retest of the 38.2% level may trigger a short-term bounce.

Backtest Hypothesis

Given the 15-minute bullish engulfing pattern followed by a bearish divergence in RSI and volume, a potential strategy could involve shorting at the 0.523–0.526 resistance with a stop above 0.527 and a target near 0.506. This approach leverages both candlestick bias and momentum divergence to capture a reversal. If price breaks the 0.505 support, a trailing stop could lock in gains while allowing for a potential bearish continuation.