ARKMUSDT Market Overview: Strong Bullish Momentum Amid Elevated Volatility

• Price surged over 10% in 24 hours, closing near the day’s high on strong volume.
• Volatility expanded significantly, especially after 00:15 ET, with multiple bullish reversals.
• RSI reached overbought territory, suggesting potential near-term correction.
• Bollinger Bands widened post-breakout, confirming higher momentum.
• Large-volume candle at 00:15 ET triggered a key bullish move and retest of previous resistance.

Arkham/Tether (ARKMUSDT) opened at $0.641 on 2025-09-12 at 12:00 ET and closed at $0.655 on 2025-09-13 at 12:00 ET. The pair reached a high of $0.675 and a low of $0.641 during the 24-hour period. Total volume was ~14.8 million contracts, and notional turnover amounted to ~$9.5 million, signaling robust participation.

Structure & Formations

Price formed a clear bullish breakout from the 0.65–0.66 resistance cluster after a large-volume candle at 00:15 ET. A 5-minute bullish engulfing pattern confirmed the breakout, followed by multiple higher highs and higher closes. A key support level at $0.655 was retested twice, both times holding, suggesting strong demand. A doji at 04:45 ET hinted at a short-term pause in the rally, with bulls retaking control shortly after.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were strongly bullish, with price consistently above both. The daily chart shows a clean cross above the 50-period and 100-period moving averages, suggesting a stronger longer-term bullish trend. The 200-period MA remains below, indicating potential resistance at $0.665–0.67.

MACD & RSI

The MACD remained above the zero line with a strong positive divergence, supporting the bullish momentum. RSI reached overbought levels (~75) by 08:00 ET, suggesting short-term exhaustion. However, it pulled back and stabilized around 65, indicating ongoing buying pressure.

Bollinger Bands

Bollinger Bands widened significantly after the breakout, with price trading in the upper half of the channel. The contraction before the breakout (around 03:00 ET) signaled a potential reversal, which was confirmed shortly after. Price remains near the upper band, suggesting high volatility and strong trend momentum.

Volume & Turnover

Volume spiked during the breakout at 00:15 ET, with a large-volume candle confirming institutional participation. Notional turnover followed a similar pattern, with a secondary peak at 11:45 ET. The divergence between price and volume during the 03:00–04:00 ET pullback suggests a temporary consolidation before further gains.

Fibonacci Retracements

Key Fibonacci retracements on the 15-minute chart included 38.2% at $0.661 and 61.8% at $0.669. Price reached the 61.8% level but failed to break it, suggesting possible resistance ahead. On the daily chart, the 61.8% retracement level from the recent leg up aligns with the $0.675 level, which may act as a psychological barrier.

Backtest Hypothesis

A potential backtesting strategy could involve a long bias on a bullish breakout above the 0.660–0.665 resistance zone, confirmed by a strong-volume candle. A stop-loss could be placed slightly below the previous swing low at $0.653. Targets align with the 38.2% and 61.8% Fibonacci levels at $0.661 and $0.669, respectively. The MACD and RSI would act as confirmators for momentum, while Bollinger Band expansion could signal increasing volatility.

Looking ahead, ARKMUSDT appears poised to test $0.670–0.675, but traders should remain cautious of overbought RSI and potential short-term profit-taking. A retest of $0.655–0.660 is likely, with the 20-period MA acting as immediate support. Risk remains on the downside if volume diverges significantly from price movement or if the key support levels fail to hold.