ARKMUSDT Breaks Below 0.166 Amid Sharp Bearish Volume Spike

Summary
• Price action consolidated between 0.164 and 0.169, forming multiple bearish engulfing patterns near 0.169.
• RSI remained in neutral territory, suggesting no immediate overbought or oversold conditions.
• Volatility expanded after 02:00 ET, with a sharp volume spike indicating increased bearish pressure.
• Bollinger Bands showed a recent expansion, reflecting increased market uncertainty and range-bound movement.
• 5-minute 20/50 SMA lines showed a flattening trend, suggesting short-term indecision among traders.

Arkham/Tether (ARKMUSDT) opened at 0.168 on 2026-01-26 at 12:00 ET, reaching a high of 0.17 and a low of 0.164 before closing at 0.164 on 2026-01-27 at 12:00 ET. The 24-hour volume totaled 5,764,864.3 and turnover reached $937,484.93.

Structure & Formations

Price action remained range-bound between 0.164 and 0.169 for most of the day, with bearish engulfing patterns forming around 0.169, suggesting short-term bearish bias. Notable support was identified at 0.164, with price consolidating near this level in the latter half of the session.

Moving Averages

On the 5-minute chart, the 20 and 50 SMA lines remained closely aligned, trending downward after 02:00 ET, reflecting bearish momentum. The daily 50/100/200 SMA lines showed minimal directional bias, indicating a lack of clarity in longer-term direction.

Momentum and Indicators

RSI hovered between 45 and 55 for most of the session, suggesting a lack of strong overbought or oversold conditions. MACD remained near the zero line with a bearish crossover after 02:00 ET, reinforcing the bearish tone. Bollinger Bands expanded significantly, indicating increased volatility and uncertainty in the market.

Volume and Turnover

Volume surged after 02:00 ET, with price breaking below the 0.166 level on strong bearish momentum. Notional turnover confirmed the volume increase, showing aligned bearish pressure. No significant price-volume divergence was observed, suggesting strong conviction in the move lower.

Fibonacci Retracements

Fibonacci levels on the 5-minute chart highlighted potential support at 0.164 (61.8%) and resistance at 0.167 (38.2%), which acted as minor consolidation points. On the daily chart, no major retracements were relevant during the session.

Looking ahead, price appears to favor continuation of the bearish trend if 0.164 support holds. A break below 0.164 could trigger further downside toward 0.162. Traders should remain cautious about potential short-covering or buying interest if price retests 0.167–0.169.