Market Overview for Arkham/Tether (ARKMUSDT) on 2025-12-23

Summary
• Price consolidated between $0.188 and $0.195, forming multiple doji and bullish/hanging man signals.
• Volatility expanded mid-day, with volume surging during the $0.193–$0.191 pullback.
• RSI and MACD signaled overbought conditions before a late recovery, hinting at potential near-term reversal risk.

Market Overview

Arkham/Tether (ARKMUSDT) opened at $0.195 on 2025-12-22 at 12:00 ET, reaching a high of $0.195 and a low of $0.188, before closing at $0.191 at 12:00 ET on 2025-12-23. Total volume over the 24-hour period was 9,335,787.2, with notional turnover of $1,762,514.80.

Structure & Formations

Price action revealed key support at $0.188 and resistance near $0.193–$0.195. A hanging man pattern emerged near $0.191 late in the session, suggesting possible bearish pressure. Doji formations appeared near $0.190 and $0.194, signaling indecision.

On the 5-minute chart, the 20-EMA and 50-EMA converged near $0.191, aligning with the closing price and offering potential near-term support. On a daily basis, price held just above the 200-SMA, suggesting short-term stability.

Momentum & Overbought/Oversold Conditions

RSI peaked near overbought levels (~70) during the $0.193–$0.195 rally before retreating. MACD showed a bearish crossover late in the session, aligning with the downward drift. This suggests waning bullish momentum and potential bearish reversal.

Volatility and Bollinger Bands

Volatility expanded mid-day, with price breaching the upper band during the $0.193–$0.195 rally. A contraction followed, as price settled near the 20-period midline, indicating a possible consolidation phase.

Fibonacci Retracements

The recent 5-minute swing from $0.188 to $0.195 saw a 61.8% retracement near $0.191, aligning with the final 2–3 hours of price action. This level may offer short-term support ahead of $0.189.

ARKMUSDT may test support at $0.189 in the next 24 hours if bearish momentum continues. Investors should watch for a break below $0.189 to confirm a deeper correction, while a retest of $0.193–$0.195 could trigger renewed interest. Caution is advised due to elevated volatility and mixed momentum signals.