ARKM crypto rallies 55% following Upbit listing but fails to hold onto gains

Arkm joined up to 55% after obtaining a list on the Upbit of exchange of South Korean crypto, but lost most of its winnings in a few hours.

In a post of March 11 x, Upbit Korea announcement That he had added the Altcoin to his USD market, with a trading from 4:00 p.m. KST on Tuesday, March 11, 2025.

Arkham (Arkm) formed a “God’s candle”, going from $ 0.47 to $ 0.70 within 10 minutes of the announcement. Its market capitalization exceeded $ 220 million at that time, while its daily negotiation volume has oscillated about $ 154 million.

Gains too coincided With the launch of Arkham Exchange in China the same day, which aroused significant interest among his community.

Arkham Exchange is a cryptocurrency trading platform launched by Arkham Intelligence In November 2024. The platform offers spot and perpetual trading services, incorporating advanced analysis and market data tools in real time.

Arkm is the native token of the Arkham ecosystem and is used in the exchange for discounts on negotiation costs, incentive programs and potential participation in governance.

Expansion in China has probably reinforced the demand for ARKM, because more traders and investors in the region had access to the platform.

Lately, Whales have shown interest In Arkm, health data revealing a jump in the number of large portfolio addresses holding between 10,000 and 10 million Arkm tokens compared to the day before. Such an increase in large holders suggests an accumulation among whales, which can see long -term potential in Altcoin rather than focus on short -term benefits.

In addition, quince data Watch coherent net outings of exchanges since mid-January.

However, despite these catalysts, Arkm had lost most of its earnings and increased only 5.8% during the last day, while its daily negotiation volume tripled during the period at 366 million dollars.

ARKM price analysis

On the USDT graph of a day, Arkm is negotiated above the descending trend line in which it had been stuck from December 7 to February 22, signaling a potential rupture of its prolonged downward trend.

The MacD and Signal lines remain close to each other and lower at the price level, indicating a low bullish impulse. This is reinforced by a relative reading of the resistance index of 37, well below the neutral brand 50.

As such, ARKM may have trouble establishing a sustained increase tendency unless the purchase pressure is increasing considerably. Although it has technically exploded from its downward trend, a stronger bullish confirmation is necessary for other gains.

However, some indicators suggest an underlying request that could help counter sales pressure.

According to Correglass data, derivative traders have bet more on ARKM price measures, with an open interest in the long -term market, spending more than 100% in the last day.

Meanwhile, social feeling towards Altcoin has recently become positive, especially due to recent developments.