Arkham/Tether Market Overview: Volatility, Rebound, and Momentum Cues for ARKMUSDT

• Price dropped from 0.354 to 0.333 before rebounding to 0.352, showing volatility and potential support at 0.33–0.34
• RSI moved from oversold to neutral, suggesting possible short-term reversal
• Bollinger Bands expanded during selloff, then tightened post-rebound
• Volume surged during 21:15–21:30 ET selloff, confirming bearish momentum
• Fibonacci 61.8% level at 0.338 may offer near-term resistance on the rebound

Market Overview: ARKMUSDT on 2025-10-23

Arkham/Tether (ARKMUSDT) opened at 0.352 on 2025-10-22 at 12:00 ET and closed at 0.352 one day later. The pair hit a low of 0.333 before rebounding back to 0.352. Over the 24-hour period, total volume was 23,867,543.9 and total turnover reached 6,748.9. Price showed a distinct bearish selloff between 21:15 and 21:30 ET followed by a gradual recovery.

Structure & Formations

Price broke down from 0.354 to 0.333, forming a bearish impulse with confirmation in volume and price action. A potential support zone developed around 0.333–0.339 as price tested these levels multiple times. A bullish recovery emerged after the selloff, forming a shallow retracement back to 0.352, though momentum appears to be waning on the upside. A doji near 0.345 suggests indecision, with buyers stepping in but not decisively.

Backtest Hypothesis

Given the doji formation and the potential support zone near 0.333–0.339, a backtest strategy could be built around the idea of buying on bearish exhaustion and selling on a confirmed breakout or reversal. For example, if we consider a “buy on Doji Star and sell on next bar close” logic, testing this on ARKMUSDT's 15-minute chart could provide insight into the effectiveness of such timing. To run this strategy accurately, we'd need to define the stock universe (e.g., ARKMUSDT as the only ticker), use close prices for entry/exit, and decide whether additional risk controls like stop-loss or take-profit are desired. With these parameters, a robust backtest could reveal how the strategy performs under real market conditions.

Moving Averages

On the 15-minute chart, the 20-period SMA was below the 50-period SMA during the selloff, confirming the bearish bias. The daily 50/100/200 SMA lines would need to be plotted for broader context, but given the recent recovery, a test of the 50-day SMA could be a key level to watch in the coming days.

MACD & RSI

The RSI moved into the oversold territory during the selloff, then rose into the neutral zone, suggesting potential for a short-term bounce. The MACD line crossed below the signal line during the bearish phase, reinforcing the momentum sell-off. A bullish crossover could be expected if the RSI continues upward.

Bollinger Bands

During the selloff, Bollinger Bands expanded as volatility increased, with price hitting the lower band. After the rebound, the bands started to contract, indicating a potential consolidation phase. Price is now trading near the middle band, which could act as a dynamic support/resistance level.

Volume & Turnover

Volume spiked during the selloff, confirming the bearish move. However, volume has remained relatively flat during the rebound, suggesting limited follow-through from buyers. This volume divergence could hint at a potential pullback in the near term. Notional turnover also aligned with volume patterns, reinforcing the bearish and then neutral price action.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from 0.354 to 0.333, the 61.8% level is at 0.338. Price has tested this level multiple times and may face resistance here in the near term. A break above 0.345 would suggest a more bullish outlook, but for now, the 0.338–0.339 range appears critical.

Forward-Looking View and Risk Caveat

Looking ahead, ARKMUSDT may face a short-term test at 0.338–0.339. A sustained break above this range could signal a stronger recovery, while a failure to hold above it may lead to a pullback. Investors should remain cautious, as volume divergence during the rebound could indicate limited conviction from buyers.