ARK [ARKM] Breaks Out of Bullish Flag, Eyes $2.828 Resistance as Volume Surges

With Arkham [ARKM] breaking out of its bullish flag and trading at $1.97, up 11.77% at press time, all eyes are on whether it can overcome the critical $2.828 resistance.

As cryptocurrency prices continue to surge, Arkham [ARKM] has emerged as a standout performer,੍ breaking out of a bullish flag pattern and surging over 11% to trade at $1.97 at press time.

This rapid ascent has brought ARKM to the doorstep of a critical resistance level, setting the stage for a potential clash that could determine the token's next move.

After clearing the $1.75 support, ARKM began a new uptrend, eventually breaking out of the bullish flag at $1.8. This breakout pushed the token toward the next resistance at $2.828, which could signal a major rally if breached.

At the same time, a failure at this level might lead to a short-term pullback.

ARKM’s 163.18% volume surge brought the total trading volume to $276.58 million in the past 24 hours. This massive volume increase indicated that traders were accumulating ARKM, which was crucial for sustaining upward momentum.

However, if volume fails to keep up, ARKM might struggle to push through $2.828.

Hence, maintaining elevated volume was key to any potential breakout.

suggesting more people were interested in ARKM. This rise in network activity coincided with the price surge, indicating that more users were interacting with the token.

Therefore, this uptick in activity supported the likelihood of Arkham continuing its upward trend.

Finally, ARKM’s Open Interest also surged by 19.54%, reaching $57.09 million. This rise suggested that more traders were opening positions, reflecting strong market sentiment.

The combination of high Open Interest and rising volume implies that Arkham could be primed for a significant move.

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