ARKM (ARKM) fluctuates by 48.9% in 24 hours: New Morgan Stanley tracking activity on the Arkham platform drives rebound

Volatility Overview

ARKM experienced sharp price fluctuations in the past 24 hours, peaking at $0.154 and dropping to a low of $0.1034. It is currently quoted at $0.1191, with a 48.9% price amplitude. Trading volume soared, reaching $470 million according to CoinMarketCap and $117-124 million according to CoinGecko, marking a 665%-686% increase compared to the previous day. Net capital inflow is negative at approximately -$460,000 (mainly from CEX).

Brief Analysis of the Causes of Price Movements

- Arkham platform added Morgan Stanley tracking activities, directly driving the price to rebound 40.7% from its bottom, resulting in a 41.4% fluctuation within 24 hours.

- Binance futures trading volume surged 422%, with speculative capital flowing into derivatives amplifying volatility.

- Overall spot trading volume soared over sixfold, with liquidity driving the price up before a subsequent pullback.

Market Views and Outlook

The market sentiment is bullish, with 87% of the CoinMarketCap community expecting price gains. On the daily chart, ARKM broke through descending resistance and the SMA50, with analysts targeting $0.1411-$0.2970. Technical discussions on the X platform are optimistic about a potential rebound at the $0.095-$0.093 support level, but caution is advised regarding further downside risk below $0.091.