Arkham (ARKMUSDT) Market Overview: Bearish Momentum and Key Support Test

• Arkham (ARKMUSDT) declined 24 hours by ~16.5%, closing near a key support level around $0.511.
• Momentum weakened significantly, with RSI dipping toward oversold territory and MACD showing bearish divergence.
• Volatility expanded during the midday sell-off, with volume spiking above average during price breakdowns.
• A bearish engulfing pattern and multiple Fibonacci retracements suggest further downside risk unless buyers step in.

Arkham (ARKMUSDT) opened at $0.538 on 2025-08-24 at 12:00 ET and closed at $0.511 by the same time on 2025-08-25. The pair reached a high of $0.570 and a low of $0.505 during the 24-hour period. Total volume amounted to approximately 19.8 million ARKM, and turnover reached ~$10.4 million, reflecting elevated volatility and selling pressure in the afternoon.

Structure & Formations

Price action displayed a clear bearish bias, with a decisive breakdown from the $0.54–0.55 resistance cluster. A bearish engulfing pattern formed on the 15-minute chart during the 2025-08-24 19:45 ET candle, signaling strong bearish conviction. A key support zone appears to be forming near $0.511–0.515, with Fibonacci retracement levels aligning closely with recent lows. A break below this support could invite further declines into $0.500 levels.

Moving Averages

On the 15-minute chart, the 20- and 50-period SMAs have remained bearish, with the 50-SMA crossing below the 20-SMA, indicating bearish momentum. Daily moving averages (50, 100, 200) are not currently available in the dataset, but based on the 24-hour price path, the 200-day MA appears to be a critical psychological level, which is now likely oversold.

MACD & RSI

The RSI has dipped into the 30–35 oversold range, suggesting potential near-term stabilization, though it may remain bearish until a convincing reversal forms. The MACD has remained negative throughout the 24-hour period, with a bearish crossover occurring in late afternoon. Bearish divergence between the price and MACD suggests further downside could be in play unless a strong buying response emerges.

Bollinger Bands

Volatility expanded during the sell-off, with the Bollinger Band width widening significantly from ~0.01 to ~0.05. Price has spent most of the session below the 20-period lower band, reinforcing the bearish bias. A bounce from the lower band may offer a short-term entry point for longs, but a sustained close above the midline would be needed for a reversal signal.

Volume & Turnover

Volume spiked during the midday sell-off, with the 19:45–20:00 ET period seeing over 3.1 million ARKM traded, a sharp increase compared to the morning average. Turnover during this period reached ~$1.7 million. The divergence between price and volume suggests sellers are still in control, with buyers yet to step in decisively.

Fibonacci Retracements

Fibonacci retracement levels from the recent high of $0.570 to the low of $0.505 align closely with key support levels at $0.515 (38.2%) and $0.505 (61.8%). A break below $0.505 could target $0.485 as the next Fibonacci level. On the 15-minute chart, these levels have acted as both psychological and technical barriers, and price has shown hesitation near them.

In the next 24 hours, Arkham could test the $0.505–0.511 support level and attempt a bounce, but risks remain to the downside if selling pressure continues. Investors should monitor volume and RSI for signs of stabilization or further deterioration. As always, be prepared for sudden shifts in sentiment or external market triggers.