Summary
• Price action shows key resistance at 0.208 and support at 0.204 on the 5-minute chart.
• Volume spiked during the 20:00–22:00 ET period, but failed to confirm a breakout.
• RSI remains neutral with no overbought or oversold signals, suggesting balanced momentum.
• Bollinger Bands have narrowed in the early morning, indicating a potential shift in volatility.
• Turnover and price moved in tandem, with no major divergence observed.
Arkham/Tether (ARKMUSDT) opened at 0.211 on 2026-01-09 at 12:00 ET, reached a high of 0.213, a low of 0.202, and closed at 0.206 by 12:00 ET on 2026-01-10. Total volume was 3,436,561.4 units, with a notional turnover of 703,609.8 USD for the 24-hour window.
Structure & Formations
Price action has shown a bearish pattern around the 0.210–0.208 resistance cluster, with a series of lower highs and failed attempts to break above. A bullish engulfing pattern briefly appeared at 0.204–0.206, suggesting possible short-term support.
A doji near 0.206 at 02:45 ET also signals indecision.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages are both trending downward, with the price hovering slightly above the 50 MA, indicating a potential short-term equilibrium. Daily averages are not directly observable from 5-minute data, but the downward trend remains consistent.
MACD & RSI
The MACD line has remained below the signal line for much of the day, with a narrowing histogram showing declining bearish momentum. RSI has stayed in the mid-40s, indicating balanced buying and selling pressure without clear overbought or oversold levels.
Bollinger Bands
Volatility has been relatively contained, with Bollinger Bands narrowing in the early morning (05:00–07:00 ET), hinting at a potential breakout. Price remains near the upper band at times but often reverts back toward the middle, suggesting a lack of strong directional conviction.
Volume & Turnover
Volume peaked between 20:00 and 22:00 ET, coinciding with a failed attempt to break above 0.208. Turnover spiked alongside this volume, but price failed to follow through, indicating potential exhaustion in the bullish attempt.
Fibonacci Retracements
Key Fibonacci levels from the 0.213 high to the 0.202 low indicate potential support at 0.206 (38.2%) and 0.203 (61.8%). Price action appears to be consolidating near the 38.2% level, which may either hold or give way in the next 24 hours.
Looking ahead, Arkham/Tether may test the 0.206 level for confirmation, with a potential retest of 0.208–0.210 if bullish momentum picks up. Investors should monitor volume and RSI for signs of a breakout or reversal, with caution warranted due to the tight consolidation and recent indecision.
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