Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Arkham (ARKM) Retesting Bullish Pattern Breakout – Is a Rebound Next?

Arkham (ARKM) Retesting Bullish Pattern Breakout – Is a Rebound Next?

CoinsProbeCoinsProbe2025/05/16 23:00
By:Nilesh Hembade

Date: Fri, May 16, 2025 | 07:25 AM GMT

The cryptocurrency market has been surging with strength, and Ethereum (ETH) is leading the way. ETH has gained more than 66% in the past month, pushing toward the $2,600 mark — its highest level in months. This momentum is lifting sentiment across the altcoin market, and Arkham (ARKM) is one of the beneficiaries.

ARKM is currently boasting monthly gains of over 56%. However, with its recent pullback, a key technical level is now being retested — opening the door for a potential bounce.

Arkham (ARKM) Retesting Bullish Pattern Breakout – Is a Rebound Next? image 0 Source: Coinmarketcap

Retesting Inverse Head and Shoulders Breakout

The daily chart for ARKM shows a well-formed inverse head and shoulders pattern — a classic bullish reversal signal. This pattern typically indicates that a downtrend has bottomed out and a new uptrend is on the horizon.

ARKM confirmed the breakout earlier this month when it surged from the right shoulder near $0.48 and broke through the neckline resistance at $0.70. The move was further validated by a cross above the 100-day moving average, propelling the price to a local high of $0.84.

Arkham (ARKM) Retesting Bullish Pattern Breakout – Is a Rebound Next? image 1 Arkham (ARKM) Daily Chart/Coinsprobe (Source: Tradingview)

But after that rally, ARKM faced resistance and dropped over 15%, bringing the price back down to the $0.65–$0.70 zone. This same zone, which once acted as resistance, is now being retested as potential support — a critical technical development.

What’s Next for ARKM?

The $0.65–$0.70 range has become a pivotal zone. If buyers step in here and the support holds, ARKM could resume its uptrend. A confirmed bounce from the earlier local high of $0.84 would validate the breakout and activate the inverse head and shoulders target — potentially driving the price to $1, which would represent a 40% upside from current levels.

However, there is downside risk. If ARKM breaks below the neckline zone and closes under it, the bullish setup could fail. That would likely send the token lower, possibly toward the 100-day moving average before any significant recovery.

ARKM’s next move could also be influenced by broader crypto market sentiment. If Ethereum continues to rally and altcoin momentum remains intact, ARKM may well be positioned for a strong rebound from here.

Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research before making investment decisions in cryptocurrencies.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Dogecoin News Today: Dogecoin ETF Breakthrough: Transitioning from Internet Meme to a Mainstream Investment Option

- Bitwise's DOGE ETF (BWOW) launches Nov 26, 2025, offering regulated DOGE exposure with 0.34% fee. - Dogecoin ranks 9th at $22B market cap, with $1B+ daily volume, driven by institutional adoption and SEC approval shifts. - ETF structure holds actual DOGE, aligning with Bitwise CEO's vision to democratize crypto access through transparency. - Grayscale's Zcash ETF filing and Mutuum Finance's $19M presale highlight growing altcoin institutional interest. - DOGE trades at $0.1503, consolidating in $0.13–$0.

Bitget-RWA2025/11/30 15:32
Dogecoin News Today: Dogecoin ETF Breakthrough: Transitioning from Internet Meme to a Mainstream Investment Option

Regulation and Innovation: SEC Examines Nasdaq’s Proposal for Tokenized Stocks

- Nasdaq seeks SEC approval for tokenized stock trading framework, aiming to modernize settlement while aligning with existing regulations. - The proposal shares CUSIPs and rights between tokenized/traditional shares but faces criticism over potential market fragmentation and investor protection risks. - SEC's cautious approach and December 4 panel will determine if tokenized equities gain regulatory traction or remain niche experiments. - Industry divides persist: Nasdaq prioritizes incremental adoption w

Bitget-RWA2025/11/30 15:32
Regulation and Innovation: SEC Examines Nasdaq’s Proposal for Tokenized Stocks

XRP News Today: Investors Divided: XRP's $5 Buzz Compared to Ozak AI's 7,000% Growth Promise

- XRP gains traction as analysts predict $5 price targets via ETF-driven inflows, citing historical Bitcoin multipliers. - Ozak AI emerges as AI-focused crypto alternative, raising $4.54M in presale with 7,000% return potential via decentralized AI infrastructure. - Market splits between XRP's institutional appeal and Ozak AI's utility-driven innovation, highlighting crypto's shifting risk-reward dynamics. - Analysts note XRP's capped growth vs. Ozak AI's 50X-100X potential, emphasizing real-world AI appli

Bitget-RWA2025/11/30 15:16

Between Breakthroughs and Turmoil: The Struggle for Safety and Longevity in Cryptocurrency

- Crypto sector faces structural challenges balancing innovation with security and sustainability amid rising threats and regulatory uncertainty. - Mutuum Finance advances dual-lending architecture and mtToken mechanics under Halborn audit to build defensible DeFi models. - Upbit's $36M hack and Tether's Uruguay exit highlight systemic vulnerabilities from cyberattacks and energy cost volatility. - Industry shifts toward sustainable yield models with automated collateral rules and revenue redistribution to

Bitget-RWA2025/11/30 15:16
Between Breakthroughs and Turmoil: The Struggle for Safety and Longevity in Cryptocurrency