Arkham Price Prediction as ARKM Dumps 29% This Month. Where Are The Whales Going Instead?

ARKM, the native token for Arkham decentralized exchange, experienced a significant 29% decline this month, dropping from its all-time high of $0.79.

At 5:00 a.m. EST, ARKM is trading at $0.56, showing a 7% drop in the last 24 hours, highlighting a challenging market period for the token.

Amidst bearish signals since its launch, the coin’s future remains uncertain, prompting questions about the whales’ next moves and potential investment alternatives.

ARKM Potential Bullish Reversal Signals Opportunities for Investors

ARKM experienced a strong bullish surge upon its launch, drawing in many investors. The price chart displayed a long green candle, but it closed with an inverted hammer candlestick pattern at $0.75.

ARKM’s formation showed potential, but it has entered a consistent downtrend with two lower lows and two lower highs, posing challenges for the token and drawing close scrutiny from investors.

After reaching a second lower high at $0.67, ARKM’s price formed a double top pattern, resulting in a decline to a new low of $0.55. Despite this, the one-hour chart indicates a potential bullish move as it rebounds from the lower trendline, suggesting the formation of a double-bottom pattern.

The 50-day simple moving average, currently trading above the token’s price, signals a potential bullish trend. A break above this moving average would confirm the bullish sentiment. Additionally, the relative strength index has reached the oversold region (30), hinting at a potential change in trend.

ARKM’s price shows potential for a breakout above its upper trendline, surpassing the resistance at $0.67. This could lead to significant changes in the token’s trajectory, offering attractive opportunities for investors and traders.

According to the analysis, ARKM’s price could experience a potential rebound towards the $0.67 resistance level if it follows the lower trendline. However, there is a possibility of a decline towards $0.50 if the lower trendline is broken, considering the presence of the initial hammer formation during its early stages.

For investors seeking a secure ARKM alternative, yPredict could be an ideal choice, providing guaranteed returns.

yPredict’s Presale Surpasses $3.1 Million as Investors Capitalize on Discounted YPRED Tokens

yPredict is making significant progress through its presale phase, benefitting from relative stability as it remains shielded from the highly unpredictable crypto market. 

This stability allows the project to concentrate on building its foundation and attracting investors. As the project gains momentum and the market becomes more favorable, yPredict can strategically leverage these waves to strengthen its position and overall potential for success. 

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— yPredict.ai (@yPredict_ai) July 21, 2023

At the core of yPredict’s platform lies cutting-edge technology, leveraging artificial intelligence and machine learning to analyze extensive crypto data. This unique approach empowers the platform to offer accurate price predictions based on the data it gathers. 

The project’s whitepaper also outlines other compelling features, such as market sentiment analysis and a chart pattern detector, enhancing the platform’s capabilities.

The ongoing YPRED presale funding has achieved a remarkable milestone, already raising $3.1 million, inching to its desired target of $4.5 million. As the presale enters its penultimate stage, it continues to welcome more investors. This presents an opportune moment for investors to purchase yPredict tokens at the discounted price of $0.1.

🚀 Discover the power of decentralized prediction markets with #yPredict! 🌐🔮 Join our ongoing presale and secure #YPRED tokens at $0.10 before the price increases to $0.11 in the next stage, and ultimately $0.12 upon listing. 80% of tokens allocated to presale – act fast!… pic.twitter.com/IEWY3YEk9F

— yPredict.ai (@yPredict_ai) July 20, 2023

Investors have a golden opportunity to capitalize on the low-priced YPRED token by investing early before it reaches its listing price of $0.12. To acquire the YPRED token, they can easily swap their ETH, MATIC, and USDT by connecting their wallet to the yPredict website.

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