Market Overview for Arkham/Tether (ARKMUSDT) - October 3, 2025

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• Arkham/Tether (ARKMUSDT) surged to a 24-hour high of $0.557, driven by sharp volume spikes in the early afternoon.
• Momentum strengthened midday with RSI rising above 60 and MACD forming positive crossovers.
• Price fluctuated within a Bollinger Band range, with volatility expanding after $0.55 level was tested.
• Turnover confirmed price action, with no significant divergence between volume and price.
• 61.8% Fibonacci level at $0.547 appears to have acted as a minor resistance and pullback trigger.

24-Hour Price and Activity Summary

Arkham/Tether (ARKMUSDT) opened at $0.53 on October 2, 2025, at 12:00 ET. It reached a high of $0.557 and a low of $0.529 before closing at $0.556 at 12:00 ET October 3. Total 24-hour volume amounted to 9,108,140.3 units, with notional turnover totaling $4,738,929.8.

Structure & Formations

The 15-minute chart displayed a bullish reversal pattern midday, with a strong bullish engulfing pattern forming around 15:30 ET as price surged from $0.542 to $0.554. A key resistance level appears to be forming near $0.55, with a support cluster at $0.536–$0.538. A doji formed at 05:45 ET as buying pressure waned, indicating indecision.

Technical Indicators

The 20-period and 50-period moving averages on the 15-minute chart have both moved above the 50-period EMA on the daily chart, reinforcing the upward bias. RSI has moved into overbought territory at times, peaking above 65, while MACD has remained positive with a strong bull signal line. Bollinger Bands have expanded following the price break above $0.55, indicating heightened volatility.

Volume and Turnover Insights

Volume spiked at 19:15 ET, when the pair surged from $0.546 to $0.553, confirming the bullish breakout. The 15-minute candle closed at the high, indicating strong buying pressure. Turnover aligned with volume spikes, particularly during the afternoon session, showing no divergence between price and volume.

Fibonacci Retracement Levels

Key Fibonacci retracement levels from the swing high of $0.557 and low of $0.529 include $0.544 (38.2%) and $0.535 (61.8%). Price bounced off the 61.8% level twice, suggesting it may hold as a dynamic support. The $0.553–$0.557 range represents overbought territory and could see pullbacks in the near term.

Backtest Hypothesis

A potential backtest strategy for ARKMUSDT could involve entering long positions when the 15-minute MACD crosses above zero, RSI remains above 50, and price breaks above the upper Bollinger Band, while placing a stop-loss at the nearest Fibonacci retracement level. This approach would aim to capture short-term momentum during bullish expansions. It aligns with today’s price action, where the strategy would have entered around 15:30 ET at $0.542 and exited near $0.554 at peak.