Market Overview for Arkham/Tether (ARKMUSDT): 2026-01-01

Summary
• Price tested 0.173 support multiple times before rebounding.
• A bullish engulfing pattern emerged near 0.175-0.176.
• Volatility increased near close with high volume at 0.179.
• RSI hovered near neutral territory, avoiding overbought/oversold extremes.
• Turnover surged past $85k in final hours, suggesting renewed interest.

ARKMUSDT opened at 0.178 on 2025-12-31 at 12:00 ET, reached a high of 0.18, a low of 0.173, and closed at 0.18 on 2026-01-01 at 12:00 ET. Total 24-hour volume was 5,231,136.5, and notional turnover was approximately $906,275.

Structure & Formations

Price found strong support at 0.173 multiple times during the session, with a bearish rejection observed from that level before 0.175 emerged as a key consolidation zone. A bullish engulfing pattern formed between 0.175 and 0.176, suggesting short-term buying pressure.

Moving Averages and Momentum

On the 5-minute chart, the price closed above the 20- and 50-period SMAs, indicating a slight short-term bullish tilt. The 50-period SMA on the daily chart remains higher than the 100- and 200-period SMAs, suggesting a longer-term bearish trend. The MACD line crossed above the signal line briefly near the end of the session, signaling potential short-term momentum. RSI remained in the 40–50 range, avoiding overbought/oversold extremes.

Volatility and Bollinger Bands

Bollinger Bands expanded in the final 4–5 hours as volatility increased. Price spent the last 3 hours outside the upper band, reaching as high as 0.18, suggesting heightened volatility and trader activity.

Volume and Turnover

Trading volume spiked in the 9:45–10:15 ET window, aligning with a price surge to 0.18. Notional turnover also rose sharply during this time, reaching over $82k in the 10:15 candle. Volume and turnover were positively correlated with price action, providing confirmation of bullish momentum.

Pattern and Fibonacci Levels

A 5-minute swing from 0.173 to 0.18 aligns with 38.2% and 61.8% Fibonacci retracement levels at 0.176 and 0.179, respectively. The price closed near the 61.8% level, suggesting a possible near-term pause or consolidation.

Looking ahead, the 0.176–0.179 range may act as a battleground for short-term buyers and sellers. A break above 0.18 could target the 0.182 level, while a drop below 0.173 could test the 0.170 psychological support. Investors should remain cautious, as volume and volatility remain elevated, increasing the risk of sharp reversals.