Arkham/Tether (ARKMUSDT) Market Overview: 24-Hour Price Action and Key Technical Drivers

• Arkham/Tether (ARKMUSDT) traded in a consolidating bearish range, closing near the session low.
• A notable volume surge occurred during the 09:30–12:00 ET window, failing to break above 0.538.
• RSI and MACD signaled overbought conditions at 0.557, followed by bearish momentum reversal.
• Bollinger Bands showed low volatility during the early session, then widened as the market drifted lower.
• On-chain volume and turnover moved in sync, suggesting no major whale-driven divergence.

Opening, High, Low, and Closing Summary

ARKMUSDT opened at 0.558 on 2025-09-24 at 12:00 ET and closed at 0.527 by 12:00 ET on 2025-09-25. The price peaked at 0.559 and bottomed at 0.513. Total trading volume amounted to 4,404,285.4 units, with a notional turnover of 2,302,839.07 USD over the 24-hour period. The pair exhibited bearish pressure after a failed breakout attempt.

Structure & Formations

Price action over the past 24 hours revealed multiple short-term bearish patterns. The initial high of 0.559 acted as a key overhead resistance, which failed to hold amid a large bearish candle on 2025-09-24 at 16:00 ET. A sequence of bearish engulfing patterns followed, especially between 19:00 and 20:30 ET. A notable bearish reversal occurred at 0.552, where a long lower wick and bearish close confirmed selling pressure. The daily timeframe shows a descending triangle pattern forming between 0.559 and 0.529, with the current close near the lower boundary.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both bearishly aligned, with the price trading below both. The 50-period MA was at approximately 0.550, while the 20-period MA was slightly higher at 0.553. The daily chart shows the 50/100/200-day MA forming a bearish slope, reinforcing the short-term downtrend. A cross of the 50-day MA on the daily chart would signal further bearish momentum.

MACD & RSI

The MACD histogram turned bearish after midday on 2025-09-24, with a clear bearish crossover confirming downward momentum. The RSI moved into overbought territory at 0.557 (RSI ~68) before a sharp drop to ~38, indicating strong bearish conviction. While RSI currently resides in neutral territory, the diverging price and oscillator movement suggests that the market could retest key support levels.

Bollinger Bands

Bollinger Bands showed a contraction in the early morning hours before expanding as the market drifted lower. Price action remained within the lower band for most of the session, with a brief touch of the upper band at 0.559 before a sharp decline. This suggests limited volatility and strong bearish control. A move above the 0.559 level may trigger a widening of the bands and renewed buying interest.

Volume & Turnover

Volume spiked at 0.538 (210,233.1 units) and at 0.529 (304,598.7 units), coinciding with key price consolidations. However, these spikes failed to produce strong bullish follow-through, indicating a lack of conviction. Total volume and turnover correlated well, with no major divergences detected. The bearish volume accumulation around 0.528–0.529 suggests a potential support level for the next 24 hours.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing from 0.559 to 0.513, the 0.534 (61.8%) level acted as a minor support. Daily retracement levels show 0.529 as a key 61.8% level for the prior move from 0.559 to 0.513. A break below 0.513 would trigger a 78.6% extension, with a target around 0.505.

Backtest Hypothesis

Given the presence of bearish engulfing patterns, overbought RSI readings, and a failed breakout above 0.559, a potential backtesting strategy could involve a short entry at the open of a candle that closes below the 0.559 resistance level, with a stop above this level and a target at 0.529 (61.8% Fibonacci). This setup would capitalize on the bearish momentum observed in the recent price action. Testing this strategy over multiple cycles could validate its viability in a range-bound, bearish environment.