Date: Fri, Aug 15, 2025 | 09:45 AM GMT
The cryptocurrency market is undergoing a healthy pullback following the latest U.S. PPI data release, which has weighed on risk assets. Ethereum (ETH) slipped by 2.45% in the past 24 hours, pulling several altcoins lower — including Arkham (ARKM).
ARKM is down almost 3% today, trimming its weekly gains to 13%. While short-term momentum has softened, its chart is showing a strikingly bullish setup — one that bears a strong resemblance to the explosive breakout recently seen in Skale (SKL).
ARKM Mirrors SKL’s Breakout Structure
A glance at SKL’s daily chart reveals it recently completed a textbook falling wedge pattern — a widely recognized bullish reversal formation. The breakout was confirmed when SKL surged above the wedge resistance, printed a higher high and higher low, then flipped both the 200-day and 100-day moving averages into firm support. That move triggered an extraordinary rally of 148% in a short span.
ARKM appears to be following the same script.
After breaking free from its own falling wedge, ARKM has already established a higher high and higher low. Price is now consolidating just around the 200-day and 100-day moving averages near $0.5750, mirroring the pre-breakout pause SKL experienced before its surge. This type of sideways consolidation beneath major resistance often sets the stage for a breakout if volume picks up.
What’s Next for ARKM?
For the bullish fractal to fully validate, ARKM needs to hold both its 200-day MA at $0.5762 and its 100-day MA at $0.5453. A decisive move above the recent high of $0.65, especially with strong volume, could ignite a rally toward $1.44 — representing a potential upside of around 150% from current levels.
However, until ARKM breaks and holds above that key resistance, traders should be prepared for possible extended consolidation or a false breakout. That said, the fractal pattern is hard to ignore — and if history repeats as it did with SKL, ARKM bulls could be in for a major upside move.
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