ARKM Recoups as It Approaches the Oversold Mark at $0.51

On Jul 25, 2023

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ARKM Current Slide Terminates as It Approaches the Oversold Mark at $0.51 – July 25, 2023

Arkham is below the current support level of $0.55 as it approaches the oversold mark at $0.51. After retesting the present support, selling pressure has resumed today. According to the price indication, ARKM is likely to fall further. Furthermore, the crypto asset has slid into the market’s oversold zone.

Arkham Price Statistics Data:
• Arkham price now – $0.5263
• Arkham market cap – $78,718,558
• Arkham circulating supply – 150,000,000 ARKM
• Arkham total supply – $526,280,155
• Arkham Coinmarketcap ranking – #283

Resistance Levels: $0, 70,$0.75, $0. 80
Support Levels: $0.55, $0.50, $0.45

Arkham has continued to fall after losing its current support level of $0.55. The cryptocurrency’s price is currently decreasing after a rejection at the $0.55 high. ARKM did, however, make an upward correction on July 20 downtrend and a retraced candle body tested the 50% Fibonacci retracement line.

The correction means that ARKM will drop to the level of the 2.0 Fibonacci extension, or $0.37. At the time of writing, the crypto asset has plunged to a low of $0.52. The price action is currently dominated by small-body indecisive candlesticks known as Doji.

PEPE/USD – 4 Hour Chart

The candlesticks cause the altcoin to drop slightly as it approaches the oversold mark at $0.51. These candlesticks may prevent the negative trend from continuing. ARKM is at level 35 on the Relative Strength Index for period 14. The altcoin is moving into the oversold area of the market.

Alternatives to Arkham

Following a recent price rise on July 18, ARKM/USD has plummeted to the oversold area. The current slide may terminate in the market’s oversold territory. When prices approach lower levels, buyers will be drawn to the oversold region. The advent of buyers at lower price levels will cause the altcoin to increase.

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