Market Overview for Arkham/Tether (ARKMUSDT) on 2025-09-20

• Price dipped to 0.605 before rebounding above 0.613 amid volatile 24-hour action.
• Volume spiked during early NY close hours, then declined in early AM ET.
• RSI signaled oversold conditions at 0.605 but failed to trigger a strong rally.
• Bollinger Bands widened after 00:00 ET as price tested the lower band twice.
• Last 15-minute candle closed at 0.611, slightly below the 20-period MA.

Arkham/Tether (ARKMUSDT) opened at 0.614 on 2025-09-19 12:00 ET and reached a 24-hour high of 0.628 before closing at 0.611 on 2025-09-20 12:00 ET. The pair traded between 0.603 and 0.628 during the session, with total volume of 8,388,538.0 and a notional turnover of 5,180,058.9 USD.

Structure & Formations

The 24-hour price action displayed multiple key support and resistance levels. Notably, 0.614 acted as a strong support level, with the price bouncing off this level on multiple occasions. A bearish engulfing pattern formed around 19:00 ET when the price opened at 0.613 and closed at 0.611, suggesting bearish momentum. A doji formed at 20:15 ET near 0.611, indicating indecision. Resistance levels emerged at 0.616 and 0.618, with the price failing to hold above 0.618 on multiple occasions.

Moving Averages

On the 15-minute chart, the 20-period MA was at 0.614, with the 50-period MA slightly above at 0.615, suggesting a neutral bias. On the daily chart, the 50-period MA was at 0.615, the 100-period at 0.613, and the 200-period at 0.612, indicating a possible consolidation phase. The price is currently trading slightly below the 20-period MA, which could signal a short-term bearish bias.

MACD & RSI

The MACD crossed into negative territory during the early NY close hours, confirming bearish momentum. The RSI dipped into oversold territory at 30 during the 23:45–00:00 ET period when the price hit 0.603. However, the price failed to generate a strong rebound, suggesting bearish exhaustion or lack of buying interest. The RSI closed near 50, indicating a potential reversal or stabilization could occur in the near term.

Bollinger Bands

Bollinger Bands showed increasing volatility, particularly after midnight ET. The price tested the lower band at 0.605 and 0.608, with volume increasing on these touches. The upper band hovered around 0.621–0.623 during the morning hours, where the price failed to break through. The bands were relatively wide, suggesting elevated volatility during the session.

Volume & Turnover

The volume profile revealed distinct spikes during the 23:30–00:00 ET and 15:15–15:30 ET periods. During the 23:30–00:00 ET window, the price hit a low of 0.603 with high volume, suggesting bearish conviction. Later, the price reversed at 0.611 and 0.613 with relatively strong volume, indicating a potential bottoming process. Turnover confirmed the volume spikes, particularly after the 23:30 ET sell-off and during the 15:15–15:30 ET rally.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.628 to 0.603, the 38.2% retracement level is at 0.616, and the 61.8% is at 0.614. The price bounced off the 61.8% level multiple times, suggesting it may act as a strong support. On the daily chart, the 50% retracement of the recent swing from 0.634 to 0.603 is at 0.618, a key level to watch for potential reversals.

Backtest Hypothesis

A potential backtest strategy for ARKMUSDT could involve using a combination of the 20-period moving average and RSI. For example, a long entry could be triggered when the price crosses above the 20-period MA and the RSI rises above 30, indicating oversold conditions and potential bullish momentum. A short entry could occur when the price falls below the 20-period MA and the RSI drops below 70, signaling overbought conditions and possible bearish exhaustion. Stop-loss orders could be placed at key Fibonacci levels (e.g., 61.8% retracement) to manage risk.