Market Overview for Arkham/Tether (ARKMUSDT) – 2025-12-21

Summary
• Price consolidates between $0.194–$0.196 as key support and resistance cluster forms.
• Mixed momentum with RSI neutral and MACD showing weakening bullish momentum.
• Volatility contracts into late ET with declining turnover despite active trading.
• Volume remains uneven, with no clear divergence from price action.
• No strong reversal patterns emerged, but bullish and bearish engulfing hints at indecision.

Arkham/Tether (ARKMUSDT) opened at $0.195 on 2025-12-20 12:00 ET, hit a high of $0.196, fell to a low of $0.192, and closed at $0.194 as of 2025-12-21 12:00 ET. Total volume was 8.1 million, with notional turnover of $1.57 million over 24 hours.

Structure and Candlestick Formations

Price action remained in a tight $0.194–$0.196 range for most of the 24 hours, with key support at $0.194 and resistance at $0.196. A few bearish engulfing patterns emerged around $0.195–$0.196 during the early ET hours, but they failed to trigger a decisive break. A long lower shadow at $0.194 on the 24-hour close indicated some buying interest. No strong doji or reversal patterns appeared.

Moving Averages and Momentum

The 20- and 50-period moving averages on the 5-minute chart remained closely aligned, with price fluctuating around them without a clear bias. The 50-period MA sits slightly above the 100-period, but the 200-period remains a key long-term reference.

. RSI hovered near 50 for much of the period, indicating neutral momentum, though with signs of weakening bullish strength as the 24-hour session progressed. MACD showed a narrowing histogram with the line dipping below the signal, suggesting waning upside conviction.

Volatility and Bollinger Bands

Volatility showed a moderate contraction in the last 8 hours, as measured by the narrowing of Bollinger Bands. Price spent much of the time near the middle band, with brief excursions to the upper and lower boundaries. The recent low of $0.192 hit the lower band and bounced, while the high of $0.196 reached the upper band but failed to break through. This pattern suggests a continuation of range-bound conditions ahead.

Volume and Turnover

Volume remained consistently above 100k in most 5-minute intervals but declined significantly in the early hours of 2025-12-21, particularly after 03:45 ET when it dropped to zero. Notional turnover dropped in tandem, suggesting reduced conviction despite active price movement. No clear divergence appeared between price and turnover, implying that trading activity largely aligned with directional bias.

Fibonacci Retracements

Recent 5-minute swings within the $0.192–$0.196 range aligned with 38.2% and 61.8% Fibonacci levels at $0.1936 and $0.1944. Daily retests of the 61.8% level at $0.1935 were observed, with price bouncing off twice without confirmation. These levels may continue to act as pivotal zones for near-term direction.

Price may test the $0.192 support or break above $0.196 resistance in the next 24 hours. Investors should monitor volume for confirmation of any breakout attempt.