Market Overview for Arkham/Tether (ARKMUSDT) – 2026-01-09

Summary
• Price action shows consolidation between 0.205–0.211 with bearish bias after mid-session breakdown.
• RSI remains in neutral territory but volume suggests possible exhaustion near key support at 0.205.
• Volatility dipped sharply following initial morning highs, signaling potential for renewed directional move.

ARKMUSDT, 2026-01-09 12:00–12:00 ET

Arkham/Tether (ARKMUSDT) opened at 0.208 on 2026-01-08 12:00 ET, reached a high of 0.211, a low of 0.202, and closed at 0.206 on 2026-01-09 12:00 ET. Total volume for the 24-hour period was 10,136,647.4, with notional turnover of 2,044,257.37 USDT.

Structure & Formations

Price action formed a descending triangle pattern between 0.211 and 0.204, with the key support at 0.205 holding twice during the session. A bearish engulfing pattern appeared near 0.206–0.205 after midday, signaling short-term bearish momentum. A doji formed near 0.207 in the late evening, hinting at indecision before a final push lower.

Moving Averages

Short-term 20/50-period 5-minute EMAs remained bearish, with price staying below both lines for most of the session. Daily 50/100/200 SMAs were not available due to limited daily data, but price action confirmed bearish bias within the 24-hour timeframe.

Momentum & Volatility

RSI moved between 35–55 for most of the session, staying in neutral-to-mild bearish territory without entering oversold. MACD remained bearish after a negative crossover in the morning, with divergence seen between volume and price during the final leg lower. Bollinger Bands showed a moderate contraction in the early hours, followed by expansion as price fell below the lower band in the afternoon, indicating increased bearish volatility.

Volume & Turnover Analysis

Volume spiked in the early afternoon and evening, confirming bearish price action during key support tests. Notional turnover aligned closely with volume during most of the session, though some divergence occurred near the 0.205–0.206 range, suggesting possible short-term exhaustion.

Fibonacci Retracements

Key 38.2% and 61.8% retracement levels were identified between 0.205 and 0.211, with price failing to retest 0.207 after breaking down. The 0.205 level acted as strong support twice but appears vulnerable if tested again under 0.204.

The market appears to be consolidating bearish momentum with 0.205 as a critical near-term level. A break below that could invite further selling into 0.202. Investors should monitor volume during retests and watch for a possible short-covering rally near 0.206. Volatility may increase if the trend continues or reverses sharply.