Deep Dive
1. Technical Breakdown (Bearish Impact)
Overview:
ARKM broke below its 7-day SMA ($0.4767) and key Fibonacci retracement level ($0.49217), triggering algorithmic sell-offs. The MACD histogram turned negative (-0.0044) on September 5, signaling accelerating downside momentum.
What this means:
Technical traders likely interpreted the breakdown as confirmation of bearish momentum, particularly with RSI (44.24) showing room for further declines before oversold conditions. The $0.45–$0.47 zone now acts as make-or-break support.
What to watch:
A sustained close below $0.47 could open downside toward the 2025 low of $0.365.
2. ETH ETF Outflows Spillover (Bearish Impact)
Overview:
ARKM’s blockchain analytics revealed BlackRock, Fidelity, and Grayscale dumped ETH on August 21, contributing to broader altcoin weakness.
What this means:
As a crypto analytics token, ARKM faces headwinds when institutional activity declines. The reported $148M ETH sell-off by whales likely reduced confidence in altcoin ecosystems, indirectly pressuring ARKM’s valuation.
Overview:
Arkham’s August 11 AI Insights upgrade added whale position tracking and exchange flow analysis – features that typically appeal to traders.
What this means:
The muted price reaction suggests market participants either priced in these updates or want clearer monetization pathways for ARKM. With turnover at 0.41 (moderate liquidity), the token struggled to capitalize on product news.
Conclusion
ARKM’s decline reflects technical damage compounded by sector-wide risk-off moves, despite delivering platform improvements. The $0.47 support level and Ethereum’s price action will be critical near-term drivers.
Key watch: Can ARKM hold above its 2025 volume-weighted average price ($0.544) on any rebound attempts?