- ANKR token prices gain 55% in a week after finding demand near the support level of $0.055.
- The struggles to rise above the 100-day EMA after exceeding other critical EMAs in the daily chart.
- The ANKR/BTC pair trades at 0.000002099 BTC with an intraday gain of +3.54%.
ANKR Token price rose more than 80% within the past week after finding demand near $0.055. The boom resulted in a V-shaped recovery following the breakout of the long-coming resistance trendline.
The recently made red candle in the daily chart is related to 10% in the market capital. As a result, the coin price may soon hit the $0.085 mark as a retest of the breakout before continuing the rally.
ANKR token price rose from the depths of $0.052 to reach the heights of $0.106 in the month. Presently, the ANKR coin price is $0.09241, with a rise of +2.74% in the market capital. Moreover, the intraday trading volume of the token has increased by 400% in the past 24 hours.
Retest Comes In ANKR Token Price
The 4-hour technical chart of the ANKR Token has been respecting the support trendlines incredibly. Furthermore, the token price has retested every level post-breakout before rising higher.
Investors with bullish hope may find an entry spot near the retest of the $0.085 mark.
ANKR Token price may soon reach the heights of $0.12 before facing opposition from a resistance level. However, the increasing bullishness of the overall crypto market might result in a breakthrough.
The resistance level of $0.12 and $0.135 is above the current market price of the ANKR token. However, the unlikely fall might find support from the $0.075 and $0.065 levels.
The RSI indicator (bullish) projects increasing bullish sentiments as the RSI line spikes higher and moves just below the overbought zone.
The ADX indicators project a slow rise in trend momentum.
In short, the coin price is close to being overbought, with rising trend momentum, projecting a high possibility of a bullish rally.
Conclusion – The recent fall of 30% in the ANKR token in the past 24 hours may soon reverse it as soon as the retest is successful. Investors may find the possible morning star pattern an attractive entry point as it may act as a retest.
Support – $0.075 and $0.065
Resistance – $0.12 and $0.135