TradeCityPro | ARKM : Uptrend with Increasing Buy Volume

12月6日

👋 Welcome to TradeCityPro!
In this analysis, I’ll review ARKM. If you’re active in the DeFi space, you’ve likely used Arkham, a platform designed for tracking wallets—a highly useful tool for DeFi enthusiasts.

📅 Daily Timeframe: Uptrend with Rising Buy Volume
On the daily chart, after a price drop, the 0.915 support prevented further decline. Following the breakout above 1.298, bullish momentum entered the market, driving the price upward to the 2.695 resistance level.

🔑 This uptrend is supported by a trendline that has provided solid backing for the price in three instances so far. Additionally, buying volume has been steadily increasing, indicating a strong trend with no signs of weakness.

✨ As long as RSI remains above the 50 level, market momentum is considered bullish. A drop below 50 would reset momentum.

📈 If the 2.695 resistance is broken, the next bullish leg could begin, with 3.917 as the subsequent resistance level.

🔽 In case of a pullback, the price may correct to the trendline, which would be a minor retracement. The next significant support is at 1.981.

📉 For short positions, I personally won’t open any unless the price drops below 1.981 and confirms a trend reversal below this support.

📝 Final Thoughts

This analysis reflects our opinions and is not financial advice.

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