Arkham Price Prediction: 2024, 2025, 2030

ARKM price prediction: Key highlights

1. Primary support and resistance levels

• According to the daily chart, the lowest probable support level can be estimated at $1.04.
• Additionally, the highest resistance was recorded at $3.25.

2. Market sentiment

• The overall market sentiment is seen to be neutral to bearish in May 2024.

3. Predictive forecasts

• Our AI/ML predictive models have projected an average value of $12.58 by 2030 and $48.52 by 2035.

Given below is a comprehensive daily technical analysis of ARKM, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

ARKM technical analysis: A trend reversal on the cards?

The Arkham price prediction for 2024 is derived from an in-depth analysis of ARKM's daily trading activity over the past few months. This report evaluates the key price movements and market behavior that have significantly influenced the cryptocurrency’s valuation over these months.
 

The period under analysis began with ARKM being tested at a peak resistance level of $3.25. However, the token encountered substantial selling pressure as March progressed, pushing its value decisively below the $2.52 level. 
 

Following this downturn, a minor bullish rally emerged, suggesting a potential turnaround for ARKM. This rally briefly hinted at a recovery as the token aimed to reclaim the $3.25 level. 
 

Nonetheless, the momentum proved insufficient to overcome the prevailing market forces. As April began, the rally faded, leading to a further decline in ARKM's value. This resulted in the token plunging to $2.07, marking a new phase of bearish control.
 

By mid-April, ARKM had reached its lowest support level at $1.54, reflecting intense bearish sentiment and a significant retreat from earlier price levels. However, signs of a market correction appeared towards the second half of April. 
 

ARKM experienced a temporary spike, pushing its value above $2.07. This movement indicated a brief resurgence of buying interest, possibly driven by traders capitalizing on perceived low prices.
 

Despite this upward movement, the rally was short-lived, and the gains made in late April did not hold. At the time of writing, ARKM had retreated below the $2.07 level once again, trading at $1.87. 

According to CoinMarketCap, ARKM has grown by a whopping 156% since its inception. Recently, the company also announced its partnership with Wormhole. This collaboration will facilitate interoperability, as Arkham will utilize Wormhole’s messaging protocol to enable token transfer for the Arkham Intel Exchange.

Furthermore, the token recently touched its all-time-high (ATH) value at $3.99 as the bulls showcased resilience. ARKM has two clear paths forward from here on. In a bullish scenario, the token may touch the $2.52 in the near future. Furthermore, under a persistent bullish influence, $3.25 will be within the achievable target range for the asset in the upcoming months. 

However, in the face of a bearish grasp, ARKM’s prices may dip even lower, falling below the lowest support of $1.54 within days. If the bulls don’t retaliate, the bears will continue to gain strength. As a result, the token will likely revert to $1.04 by the end of this year.

The altcoin’s long-term growth prospect seems bullish. Our AI/ML predictive models forecast that ARKM may reach an average value of $12.58 by 2030. If the token’s unique features are widely adopted within the cryptocurrency landscape for its various use cases, this may increase investor interest. As a result, ARKM can even touch an average value of $48.52 by 2035.

ARKM's 2024 roadmap: Key indicators to watch and trade

• The trading volume was considerably higher at the onset of the analysis period. However, it waned in late March and failed to recover until early April.
• During mid-April, the volume recovered again. However, it dipped slightly at the time of writing, albeit not to its previous lows.
• At the beginning of the analysis period, the Moving Average Convergence Divergence (MACD) line and signal line were both above the neutral line. By mid-March, the MACD line dipped below the signal line.
• In the first week of April, both the lines had fallen below the neutral line and had continued on a downward trajectory. However, as the month progressed, it slowly reversed, and the MACD line recovered to surpass the signal line.
• At press time, the MACD line (-0.0446) was slightly above the signal line (-0.0592), and both these lines remained below the neutral line. However, the histogram showcased a positive value of 0.0146. This indicated that the bearish forces were weakening, and a trend reversal might occur soon.
• Until the end week of March, the Chaikin Money Flow (CMF) remained above the neutral line. However, as April commenced, it dipped rapidly and continued below the neutral line until mid-April.
• During the second half of April, it recovered again and continued on an upward trajectory. At press time, the CMF stood at 0.14, indicating an inflow of money into the asset.