The current trend of ARKM looks very bad. The Candlestick presents a standard one-sided downward pattern, and the moving average system has completely flipped bearish. The price is hovering around $0.190, having entered the "no support" zone, and is looking downward for a true bottom - the problem is that it is still not visible.

This is not just an ordinary pullback. The structure has already broken. The market's confidence in this project has almost been completely exhausted, and those who long have no say.

**How to view key positions?**

The upward pressure is heavy. $0.300-$0.400 is the area where the recent rebound got stuck, and above it is $0.500. $0.500 was once a starting point and a psychological barrier — after falling below it, ARKM entered free fall. Now this has become a heavy resistance, making it difficult to break back through in the short term.

Looking down, the support has become vague. $0.190 is the current daily low, the last line of defense for the bulls. If this level is lost, the technical aspect will become a blind spot, possibly heading straight for $0.10 or even lower.

**What does volume tell us?**

At the highs of $2.50-$4.00, the trading volume was huge—that was where the major players were offloading. Now, during the decline, the volume continues to shrink. Buying pressure has disappeared, and the feeling of the market being abandoned is particularly evident. Liquidity is draining.

**Words for holders:** There is indeed room for imagination, but now there isn't much left to cut losses. The only hope is that the AI sector heats up again and funds flow back in. But this wait could be very long.

**For those looking to bottom fish:** Don't gamble. The bottom is determined by trading, not by prediction. There are currently no signs of a bottom. Unless you are an aggressive short-term trader who is willing to bet on a deep rebound in the $0.15-$0.18 range (rallying to $0.30), it's better to stay away.

Overall, ARKM has entered a deep adjustment period. Before it regains $0.50, consider any rebound as a chance to escape.