Rare CryptoPunk NFT sells for $6M with seller absorbing a $10M loss amid NFT price slump
CryptoPunk NFT Sale: A rare CryptoPunk NFT, #3100, sold for $6 million, resulting in a $10 million loss for the seller who originally purchased it for $16 million a year ago, reflecting the significant decline in NFT prices and Ethereum's value.
Market Trends: Despite CryptoPunks remaining a leading NFT collection, their floor price has dropped 67% from its peak, contributing to a broader decline in NFT trading volume, which fell by 24% in Q1 2025 compared to the previous quarter.
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Technical Analysis for ARKM
Technical Sentiment Analysis for Arkham (ARKM) As of , Arkham (ARKM) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ARKM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ARKM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Arkham (ARKM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0481 | 0.0741 | 0.101 | 0.127 | 0.154 | 0.18 | 0.207 |
| Fibonacci | 0.0741 | 0.0943 | 0.107 | 0.127 | 0.147 | 0.16 | 0.18 |
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