Market Overview for Arkham/Tether (ARKMUSDT) on 2026-01-06

Summary
• Arkham/Tether consolidates near key resistance at $0.225 with a bullish engulfing pattern.
• RSI shows moderate momentum with no overbought or oversold signals.
• Volume and turnover diverge during late ET hours, suggesting potential indecision.
• Price tests upper Bollinger Band at $0.228, indicating increased volatility.
• Daily Fibonacci 61.8% level aligns with $0.226, suggesting possible near-term resistance.

Market Overview

ARKMUSDT opened at $0.216 on 2026-01-05 at 12:00 ET, reached a high of $0.23, a low of $0.214, and closed at $0.222 on 2026-01-06 at 12:00 ET. The 24-hour volume was 11,954,865.8 and the notional turnover was $2,644,948.58.

Price Structure and Key Levels

The 5-minute chart shows a clear consolidation near the $0.225 level, with a bullish engulfing pattern appearing around 2026-01-05 18:30 ET. A strong resistance at $0.225 and support at $0.222 are defined by recent price action, with the 50-period moving average currently supporting the $0.223 range.

Momentum and Volatility

RSI remains neutral, fluctuating between 45 and 55, with no clear overbought or oversold conditions. MACD crossed above zero in the early part of the session but has since flattened, indicating waning bullish momentum. Bollinger Bands have widened after a period of contraction, showing increased volatility, with price often testing the upper band near $0.228.

Volume and Turnover Dynamics

Volume spiked during the 18:00–20:00 ET hours, particularly around $0.225, confirming strength in that area. However, later in the session, volume declined despite continued price attempts to push higher, suggesting a potential divergence. Turnover also shows a sharp peak during the 18:30–20:00 ET window but has since softened, raising caution about continued follow-through.

Fibonacci Retracements and Outlook

Fibonacci levels drawn from the major 5-minute swing (low $0.214 to high $0.23) place 61.8% at $0.226, which has already seen strong price reactions. If buyers hold this level, a test of the $0.228–$0.230 range could follow. Conversely, a breakdown below $0.222 may lead to a retest of the $0.219–$0.214 support cluster.

In the next 24 hours, a close above $0.226 may signal a short-term bullish continuation, while a sustained break below $0.222 could indicate renewed bearish pressure. Investors should monitor volume and RSI for divergence as potential early warning signs.