$ARKM is currently facing a downward trend, with a significant price drop of 8.93% in the last 24 hours.
The price oscillated between a high of 0.42 and a low of 0.371, nearing the established support level.
Bollinger Bands indicate volatility, with the upper band at 0.419 and the lower at 0.373, suggesting potential for continued price fluctuation.
Given the overall market's bearish sentiment and undefined Bitcoin influence, ARKM appears susceptible to further declines.
Traders should consider a short-term mindset due to high volatility, looking for entry points around 0.371 support.
Key takeaway: Monitor macroeconomic factors and Bitcoin trends closely, as they may dictate ARKM's immediate price action.
