Arkham (ARKM) displays resilience as the broader market conditions remain bearish. Over the past 24 hours, the token slipped nearly 0.86%, and its weekly performance shows a decline of 6.59%.
At the time of writing, ARKM is trading at $0.6076. Trading activity reflects improving sentiment as 24-hour volume rose to $57.27 million, a 5.92% increase. Market capitalization currently stands at $136.79 million, positioning ARKM as one of the stronger performers in the market.
The latest price action shows that ARKM is consolidating within a large symmetrical triangle pattern. Multiple retests of the lower boundary met strong buyer defense, and the breakout above $0.60 now serves as a fresh support zone. Analysts highlight this as a critical juncture, noting that bulls must hold this level to sustain the positive trajectory.
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Support and resistance zones continue to guide ARKM’s price action. The immediate support lies around $0.51, where the market previously stabilized during pullbacks. Further support lies lower at $0.41, and this level has stood firm under repeated tests. Above, the first resistance is in the area of $0.65 to $0.70. A clear breakout here might pave the way toward $0.85 to $0.90, an area of heavier resistance.
The final projection area is between $1.20 and $1.26. The level is equal to the larger breakout target of the triangle formation. Volume profile data highlights the significance of the $0.60–$0.65 area, demonstrating increased accumulation from the participants opting for a bet on a sustained upsurge.
Momentum signals support the improving outlook. The Relative Strength Index (RSI) is at 48.46, slightly below the midpoint of 50, which is the neutral level. The reading is of stabilization after earlier weakness, and a breakout above 50 would confirm the bull case. A slide below 40, though, would put sentiment back in favor of the bear camp again.
Moving Average Convergence Divergence (MACD) is supporting the bullish formation. Right now, the MACD line is at -0.0748 and is crossing above the signal line at -0.1128. The histogram, meanwhile, reversed positive at 0.0380, confirming the bulls’ return. It shows that buying pressure is gradually gaining over selling pressure.
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