Arkham Price Prediction: ARKM Stalls at $0.43 – Should Investors Be Concerned?

Updated: 01 September 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Arkham (ARKM) is up 1.9% in the last 24 hours. At the time of writing, ARKM was trading at $0.43.

ARKM trading in the green today is surprising as most cryptos are down. The total crypto market cap is down 3.5% in the last 24 hours.

ARKM has recorded high volatility after trading from $0.40 to $0.44. Trading volumes for the token have dropped 60% in the last 24 hours to $27 million.

The bullish momentum appears weak as it lacks support from the broader market. As such, the price has stalled at the $0.43 level.

ARKM is the native token for the Arkham blockchain analysis platform. Its recent research revealed that Robinhood was the fifth-largest Ethereum wallet, with $2.54 billion worth of ETH.

Our identification of Robinhood as the owner of the third-largest Bitcoin wallet was widely covered.

But most coverage missed that we’ve also identified them as the owner of the 5th largest ETH wallet, holding $2.54B of ETH.

0x40B38765696e3d5d8d9d834D8AaD4bB6e418E489 pic.twitter.com/Sczj11uLlA

— Arkham (@ArkhamIntel) August 30, 2023

Arkham Stalls At $0.43

Arkham is up by nearly 10% over the past week. On August 30, ARKM created a weekly high of $0.475.

The gains made this week are significant as on August 29, ARKM was trading at a weekly low of $0.36, and it was at risk of creating a new all-time low.

Buying momentum failed to hold prices above $0.47. A resistance level has been created at $0.43, with the price struggling to break past these levels.

On August 18, as crypto prices crashed, ARKM dropped to an all-time low of $0.35. Traders started accumulating at these prices, but uncertainty across the broader market has prevented massive gains.

ARKM has bounced by over 20% from its all-time lows. The token has dropped by 46% from an all-time high created on July 18.

Arkham Turns Bullish As Bears Remain Relentless

ARKM has a bullish momentum today, as seen in its Relative Strength Index (RSI) at 65, which points to massive buying pressure. The RSI line is tipping north, indicating that bulls might remain in control.

The Moving Average Convergence Divergence (MACD) line crosses the positive zone, showing a bullish trend. The MACD histograms are positive, and the bars are green, showing bulls are strong.

ARKM has traded between $0.40 and $0.44 in the past few days. If the price breaks past the $0.44 critical resistance level, more gains will likely be formed, and ARKM will hit $0.47.

Wall Street Memes Presale Explodes After Raising $25 Million

The Wall Street Memes presale has only 26 days before the event closes. The presale has raised more than $25 million from eager investors in over three months since it started.

The team behind Wall Street Memes said the token will list on leading exchanges once the presale closes. This listing could trigger significant gains for WSM.

The Wall Street Memes whitepaper also says the project will feature a stake-to-earn feature. The token has already received much support from the community. The project wants to give power to retailers by enabling them to compete against large investors, mimicking the popular GameStop short-squeeze.

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