Arkham Price Prediction: Should Investors Worry as ARKM Stalls at $0.43?

ARKM Trading and Volatility

– ARKM is up 1.9% in the last 24 hours, trading at $0.43.
– This is surprising as most cryptos are down, with the total crypto market cap down 3.5%.
– ARKM has experienced high volatility, trading between $0.40 and $0.44.
– Trading volumes for ARKM have dropped 60% in the last 24 hours to $27 million.

Identification of Robinhood as ARKM Owner

– ARKM is the native token for the Arkham blockchain analysis platform.
– Arkham’s recent research revealed that Robinhood is the fifth-largest Ethereum wallet, holding $2.54 billion worth of ETH.
– This identification of Robinhood as an ETH wallet owner was widely covered, but most coverage missed the fact that they are also the owner of the third-largest Bitcoin wallet.

ARKM Stalls at $0.43

– ARKM is up nearly 10% over the past week, reaching a weekly high of $0.475.
– The gains made this week are significant, as ARKM was at risk of creating a new all-time low.
– However, buying momentum failed to hold prices above $0.47, and a resistance level has formed at $0.43.
– ARKM has bounced by over 20% from its all-time low and dropped by 46% from its all-time high.

Arkham Turns Bullish

– ARKM currently has a bullish momentum, with a Relative Strength Index (RSI) at 65, indicating massive buying pressure.
– The Moving Average Convergence Divergence (MACD) line also shows a bullish trend.
– ARKM has traded between $0.40 and $0.44, and breaking past the $0.44 resistance level could lead to more gains, potentially reaching $0.47.

Wall Street Memes Presale

– The Wall Street Memes presale has raised over $25 million from investors.
– The token will list on leading exchanges once the presale closes, potentially triggering significant gains.
– The project aims to give power to retailers by enabling them to compete against large investors.
– The project’s whitepaper mentions a stake-to-earn feature and has received support from the community.

Hot Take:

ARKM’s recent trading and volatility indicate a lack of strong support from the broader market. However, the identification of Robinhood as a major wallet owner and the bullish momentum seen in ARKM’s technical indicators suggest potential for future gains. Additionally, the Wall Street Memes presale’s success and its focus on empowering retailers could bring attention and potential opportunities to the cryptocurrency market.