Arkham Price Bounces 10% From Key Support Zone

Arkham (ARKM) has successfully retested its descending channel resistance as support, indicating a strong bullish momentum and potential for further upward movement. The cryptocurrency's price action has shown resilience, with a bounce from the $0.47–$0.49 zone confirming rising demand and setting up targets at $0.62, $0.85, $1.20, and $1.54.

Crypto analyst Jonathan Carter highlighted that ARKM has retested the upper boundary of the descending channel on the daily timeframe. The price action broke through the resistance and has since treated it as support, reinforcing market optimism. The channel resistance, now acting as a support level, has held firm following a retracement, signaling increased demand.

After the breakout, Arkham pulled back into the $0.47–$0.49 zone, which previously served as a demand region. This retest confirmed the shift in market structure, as the area held firm and initiated a bounce. The validation of this support area indicates growing bullish confidence and a loss of downward pressure that previously controlled the market.

With support holding, Arkham is now primed for a possible move toward its higher resistance levels. According to Carter, upward move toward targets of $0.62, $0.85, $1.20 and $1.54 can now be expected. These levels are notable areas of interest and may serve as future price reaction levels.

The price structure on the chart shows signs of a higher-low formation, suggesting a reversal is underway. This shift could allow buyers to establish a stronger foothold, creating room for further gains. Volume and structure continue to support a potential climb, provided bullish control persists in the short to mid-term.

The Relative Strength Index (RSI) is hanging around the oversold area and has plenty of room for moving more, indicating the price may continue upward. Arkham’s current RSI suggests more climbing may happen before exhaustion.

The chart setup now reflects a transition from bearish pressure to emerging bullish activity. If volume stays consistent, the previous descending pattern may give way to a sustained uptrend. The bounce from key support levels adds weight to this developing structure, especially as sentiment improves and momentum builds.