In this Arkham technical analysis, we will examine the current price action, trading volume, key levels and indicators for ARKM-USDT. Arkham (ARKM) is a decentralized platform that utilizes blockchain technology to provide users with secure and transparent financial services. Its innovative features include a unique proof-of-stake consensus algorithm and a modular architecture that enables the integration of various financial instruments. With Arkham, users can enjoy enhanced security, speed, and flexibility in their financial transactions.
Arkham Price Overview:
As of May 11, 2024, Arkham is trading at approximately 2.5604 USDT. Let’s dive into the detailed price action for ARKM-USDT:
| Metric | Value |
|---|---|
| Open (O) | 2.6371 |
| High (H) | 2.7402 |
| Low (L) | 2.5193 |
| Close (C) | 2.5604 |
| Volume (C) | 13,919,744.00 |
- Open (O): The opening price for today’s trading session was approximately 2.6371 USDT.
- High (H): Arkham reached a daily high of around 2.7402 USDT.
- Low (L): The daily low for ARKM-USDT was approximately 2.5193 USDT.
- Close (C): At the time of analysis, Arkham is trading near its daily close of 2.5604 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.87% |
| 3D Change (%) | 9.85% |
| 7D Change (%) | 11.75% |
| 30D Change (%) | 29.57% |
| 90D Change (%) | 325.74% |
| YTD Change (%) | 336.78% |
Over the past three days, ARKMUSDT has risen by approximately 9.85%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 11.75%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ARKMUSDT maintaining an upward trend of approximately 29.57%, despite intermittent fluctuations. Examining the last 90 days, ARKMUSDT has witnessed substantial rise of approximately 325.74%, reflecting strong long-term confidence. Year-to-date, ARKMUSDT has steadily increased by around 336.78%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Arkham Live Chart:
You can access a live price chart for ARKM-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.10032.
- Momentum score is 0.26583.
ARKM USDT Technical Analysis
Arkham Trading Volume:
The trading volume for Arkham (ARKM) over the past 24 hours has been insignificant, with approximately 13,919,744.00 USDT traded against ARKM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ARKM is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Arkham is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ARKM-USDT is currently in the high zone, around 55.20256. This suggests that Arkham is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Arkham (ARKM-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.
Confirm Arkham’s (ARKMUSDT) bullish outlook at 2.56 USDT with technical analysis, emphasizing strong support and positive indicators.
Dive into the details with our in-depth analysis on ARKM BTC Arkham Technical Analysis; you won’t want to miss it if you found this post interesting.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.