Arkham price set to have a rebound surge in anticipation of OpenAI's release
If there are more than 3 project agreements in a month, it is conceivable.
Arkham price may reverse after clearing major milestones.
ARKM may rise 27% if it breaks $2.74 resistance.
The AI-based token's bullish thesis will be dashed around $2.28.
Arkham's (ARKM) pricing may gain from OpenAI's Friday tweet announcing “ChatGPT and GPT-4 updates” on their live broadcast. Sam Altman, OpenAI's CEO, tweeted that this news is not linked to GPT-5, which many in the field are eagerly awaiting.
Arkham price demonstrates power
Arkham price broke the downtrend line, signaling a possible turnaround. After passing this decreasing resistance level, ARKM rose 32% to a local peak of $2.86 but is now at $2.51.
Arkham price outperformed other cryptocurrencies before OpenAI's Twitter statement. If OpenAI announces a new AI development, it might benefit AI-based cryptocurrencies like ARKM, Worldcoin (WLD), SingularityNET (AGIX), and others.
Technically, Arkham price must break $2.28 support and cross $2.74. ARKM may earn 27% by retesting $3.22 if it turns the later level into a support floor.
The Relative Strength Index (AO) and Awesome Oscillator (AO) are above their mean values of 50 and 0, suggesting strong bullish momentum. RSI and AO may drop below their late April mean levels, giving stalled investors a chance to purchase before ARKM rises.
Arkham price failing to recover off $2.28 would imply a lack of buyers at the present level. This lack of buying pressure will indicate weakness, and a 12-hour candlestick close below $2.28 will turn the footing into resistance.
This might lead to an 8% loss to retest the $2.00 to $2.17 imbalance and undermine the bullish premise. This zone also has the descending trendline and will be a good reversal zone if the bulls come back.