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Summary
• Price tested 0.208–0.212 consolidation range after a sharp 5.6% decline.
• Volume surged near 0.21, but turnover diverged, indicating mixed conviction.
• 5-minute RSI hit oversold levels, hinting at potential short-term rebound.
Arkham/Tether (ARKMUSDT) opened at 0.226 on January 14 at 12:00 ET and closed at 0.211 by 12:00 ET on January 15. The pair reached a high of 0.226 and a low of 0.209 over the 24-hour window. Total volume traded was approximately 13.7 million USDT, with a notional turnover of $2.88 million.
Price formed a bearish breakdown from a 0.224–0.226 resistance zone, confirmed by a bearish engulfing pattern at 17:45 ET. The 0.212–0.209 area has become a key support, with price bouncing off it multiple times. A bullish doji near 0.21 and a 5-minute bullish reversal candle near 06:30 ET suggest short-term buying interest.

The 20-period and 50-period moving averages on the 5-minute chart are bearish, with the latter currently at 0.212. The 50-period daily MA is at 0.218, suggesting a retest of this level could be in order. RSI on the 5-minute chart hit oversold levels (~25) near 0.209, signaling potential short-term correction. MACD turned neutral, with the histogram narrowing as volatility waned.
Volatility expanded significantly during the 18:00–20:00 ET selloff, pushing price below the lower Bollinger Band. Price has since remained near the lower band, indicating a continuation of bearish pressure. A move back into the band’s midline may trigger a short-term bounce, though a sustained break above the upper band is unlikely without a directional catalyst.
Volume spiked near 0.21 and 0.209, but turnover failed to confirm this, suggesting a lack of conviction among buyers. Divergence between volume and price suggests that sellers remain in control. The large volume bar at 06:30 ET and the 0.211 close imply potential for a near-term bounce, but caution is warranted as bearish momentum is still intact.
Fibonacci retracement levels from the 0.226–0.209 swing show critical support at 0.215 (38.2%) and 0.212 (50%). A break below 0.208 (61.8%) would target 0.205. On the daily chart, the 0.218–0.222 range remains a key level for potential reversal.
ARKMUSDT may consolidate near 0.21 in the next 24 hours as short-term buyers test the 0.212 support. However, the risk of a follow-through break to 0.208 remains, especially if volume picks up on the downside. Investors should monitor the 0.213–0.215 range as a key inflection point for near-term direction.
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