AI Sector Rise Together, What's the Outlook for ARKM?
According to Gate.io market data, ARKM is currently priced at $1.381, with a 24-hour increase of 18.5%. Here are some trading details:
- ARKM is currently in a bullish trend, with the long-short ratio among perpetual contract holders on Gate.io at 1.7:1. The current funding rate is 0.0082%.
- The latest Bollinger Bands support price is $1.1514, and the resistance price is $1.5034.
- The market Fear & Greed Index is at 50, indicating neutral sentiment.
- Technical indicators show that MACD, EMA BREAK, and BOLL do not present clear trading signals; however, KDJ indicates a death cross, and RSI is in the overbought territory.
Trading Strategies
Breakout Trade
- Direction: Long-term
- Entry Condition: When the price breaks above the Bollinger Bands resistance price of $1.5034
- Stop Loss: Set around $1.45
- Profit Target: Set around $1.60
- Rationale: Given the current bullish trend and neutral market sentiment, a breakout above the Bollinger Bands resistance may trigger further upward movement, making it suitable for a momentum trade.
Confirmation of Fund Inflows
- Direction: Long-term
- Entry Condition: Confirm that fund inflows are continuously increasing and exceed outflows
- Stop Loss: Set around $1.15
- Profit Target: Set around $1.70
- Rationale: Continuous increases in fund inflows typically indicate strong buying pressure. Coupled with the current bullish trend, entry could be considered upon confirmation of inflows.
Short-term Volatility Trade
- Direction: Short-term
- Entry Condition: Establish a long position near the Bollinger Bands support price of $1.1514
- Stop Loss: Set around $1.10
- Profit Target: Set around $1.25
- Rationale: While market sentiment is neutral, the short-term volatility presents an opportunity to establish a long position at the support level to capitalize on potential short-term gains.
About ARKM
Arkham is a crypto intelligence analysis platform aimed at systematically analyzing and de-anonymizing blockchain transactions. It uses an AI algorithm engine called Ultra to link-ln" target="_blank" class="blog_inner_link">link-ln” target=”_blank” class=”blog_inner_link”>link-ln” target=”_blank” class=”blog_inner_link”>link blockchain addresses with real-world entities, revealing the individuals and companies behind blockchain activities, along with data and analysis of their behaviors. Arkham’s goal is to make the crypto market more transparent, efficient, and fair by generating large-scale intelligence.
Arkham has also introduced a token system that allows users to post bounties using Arkham (ARKM) tokens on the Arkham Intel Exchange trading market to obtain desired on-chain data intelligence, such as identifying the users behind specific wallet addresses. On-chain data analysts who possess what they consider important information can sell this data through the platform, allowing interested users to bid on it. These trading data will be exclusively owned by the buyers for 90 days before being made public.
