$ARKM has seen a substantial decline of 6.549% in the last 24 hours, indicating a bearish sentiment in the market.
The price oscillated between a high of 0.575 and a low of 0.522, suggesting a tightening range as it approaches significant support at 0.522.
With the current downtrend and Bollinger Bands showing limited room for upward movement, traders should remain cautious.
Macroeconomic factors, including inflation data and regulatory developments, continue to weigh heavily on market sentiment.
Bitcoin's undefined influence suggests limited correlation in ARKM's current movements.
In this volatile environment, a short-term trading strategy may be prudent while monitoring macroeconomic developments closely.
Key takeaway: ARKM's future price action is contingent on external economic factors, emphasizing the importance of a tactical, informed approach.
