- ANKR coin price is currently in an uptrend and can soon cross beyond $0.2 . In contrast, it is trading with a gain of 1.95% in the intraday session.
- Technical indicators of ANKR coin price suggest an upside momentum in price . Meanwhile, the ANKR/BTC pair is down by 2.64% in the intraday session
Why Invest In ANKR Coin?
ANKR coin price is currently seeing an uptrend and can soon cross above $0.2 in the future. ANKR price is trading near the value of $0.1 and has seen a gain of 2.3% in the intraday session.It originates as a solution that utilizes shared resources in order to provide easy and affordable blockchain node hosting solutions.It was founded in November in 2017 and during its time on the market, it has built a marketplace for container-based cloud services through the usage of shared resources.The Ankr Network was launched in 2017 at Berkeley University in California as a distributed computing platform which takes advantage of blockchain technologies. The Co-founder Chandler Song has worked as an engineer at Amazon Web Services and serves as CEO, while the other co-founder Ryan Fang worked as an investment banker at Morgan Stanley. One can invest in ANKR coin as per their risk capacity and price action.
Technical Indicators Of ANKR Coin Price Suggests A Bullish Momentum For The Future
The weekly technical chart of ANKR coin price suggests a bullish momentum for the price . On the daily chart the price is currently in a consolidated momentum . The bullish momentum of ANKR coin price can see a halt near the value of $0.12. The support in the asset price while going downwards can be observed near $0.05. The price is currently trading above the 50 and below 100 Daily Moving Average, with a negative crossover in the past. The 50 DMA is currently near the value of $0.07, making it a temporary bounceback zone for the price. The coin price can soon see a breakout above 100 MA in the future. ANKR/BTC pair can also observe a new high in the future.
Conclusion
ANKR coin price is currently observing an uptrend and can soon see a breakout above the previous resistance. ANKR/BTC pair can also observe a new high in the future . An Investor should do their due diligence before investing.
Technical Levels
Major Support:$0.05
Major Resistance:$0.12