$ARKM has experienced a notable price decline of -2.477% in the last 24 hours.
The current trading range is tightening, with a high of 0.462 and a low of 0.427.
Bollinger Bands indicate reduced volatility, suggesting potential sideways movement within the range of 0.430 to 0.459.
With established support at 0.427 and resistance at 0.462, the downtrend appears to be weak but persistent.
Macroeconomic factors, such as inflation and regulatory developments, may add pressure, especially if Bitcoin continues to show undefined movements, weakening correlation.
Traders should consider a short-term approach due to volatility and the current market sentiment.
Key takeaway: ARKM’s price stability is precarious; monitoring macro trends and Bitcoin’s direction is crucial for future guidance.
