Arkham Is on the Rise but It Is Vulnerable to Further Decline – July 22, 2023
Arkham is experiencing a surge in price, reaching a high of $1.73, but it is also at risk of further decline. The recent price increase on July 18 was significant, surpassing the $0.050 support level and peaking at $1.73. However, the cryptocurrency is susceptible to additional losses. It’s important to note that price spikes without strong fundamentals could lead to a drop in value.
Key Points:
- Arkham’s current price is $0.6339.
- Arkham’s market cap is $94,776,925.
- Arkham’s circulating supply is 150,000,000 ARKM.
- Arkham’s total supply is $625,893,030.
- Arkham is ranked #250 on Coinmarketcap.
The resistance levels for Arkham are $0.70, $0.75, and $0.80, while the support levels are $0.55, $0.50, and $0.45. The price has been declining since the previous uptrend on July 18, and it is currently trading at $0.62. The altcoin is expected to continue falling, potentially reaching the 1.618 Fibonacci extension at $0.46. The Relative Strength Index for period 14 indicates that there is a possibility of further decline.
PEPE/USD – 1 Hour Chart
Arkham is currently testing the support level of $0.55 but remains vulnerable to further decline. It broke through resistance levels but was halted at $0.66. Despite a bullish run, selling pressure has continued.
Arkham Alternatives
Recently, ARKM and other altcoins have been increasing in value in tandem with Bitcoin. The crypto markets are currently in a sideways trend as altcoins recover for a potential upward movement.
Elon Musk aims to dominate the stock market and minimize losses from risky trades. WSM is a successful portfolio that has raised nearly $17 million in its presale.
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