Summary
• Price tested key support at $0.200–0.201, rebounding with bullish momentum.
• Oversold RSI conditions emerged near 30, suggesting short-term potential for recovery.
• Volume surged in the final 5-hour window, aligning with price consolidation near $0.203–0.204.
Arkham/Tether (ARKMUSDT) opened at $0.209 on 2026-01-11 12:00 ET, reached a high of $0.212, a low of $0.199, and closed at $0.201 on 2026-01-12 12:00 ET. Total volume was 8,183,579.5, and notional turnover was $1,700,413.3.
Structure & Formations
The 24-hour period showed a key support cluster forming around $0.200–0.201, where the price consolidated for several hours. A bullish engulfing pattern appeared at 02:30 ET, followed by a bearish harami near the high of $0.212, suggesting short-term indecision. A key resistance level appears to be forming at $0.208–0.210, where the price stalled multiple times in the latter half of the session.
Moving Averages
The 50-period moving average on the 5-minute chart hovered around $0.205–0.206, aligning with mid-session consolidation. The 200-period daily MA suggests a longer-term bias near $0.203. Price action has bounced off the 50-period MA twice in the last 5 hours, hinting at potential support.
MACD & RSI
The RSI dipped below 30 during the overnight hours, signaling oversold conditions, which may have triggered a short-term rebound. The MACD remained bearish with a narrowing histogram, but a potential reversal is being watched near the zero line as the MACD line appears to flatten.
Bollinger Bands
Volatility increased in the early morning, with a notable expansion of the bands. Price remained within the upper and lower bounds, with a recent contraction suggesting the potential for a breakout. The mid- to late session saw the price hovering near the lower band, indicating oversold conditions.
Volume & Turnover
Volume spiked in the final 5 hours of the session, with a sharp increase in notional turnover coinciding with consolidation near $0.203–0.204. A divergence between volume and price was noted during the early morning pullback, but this was later resolved with a volume-driven rebound.
Fibonacci Retracements
On the 5-minute chart, key retracement levels at 0.618 ($0.206) and 0.382 ($0.203) acted as both support and resistance points. On the daily chart, a 61.8% retracement of the recent swing suggests a potential target near $0.206–0.208, depending on volume confirmation.
The rebound off key support levels and the emergence of oversold conditions suggest
may consolidate or test the $0.205–0.208 range in the next 24 hours. However, a breakdown below $0.200 could signal a deeper correction, and investors should watch for a reversal above $0.206 to confirm a bullish shift.
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