- ANKR token shows a bullish crossover of the 20-and-50-day EMA
- The ANKR/BTC pair was trading at 0.000002141 BTC, with a gain of 8%
- The 24-hour trading volume is ANKR tokens $905.5 Million, indicating a 2.3% loss
The ANKR token started a significant up movement on October 28th when its price bounced off the $0.93 support with a bullish inside day candle. The rally displayed six consecutive green candles, which marked a high till $0.182 level. However, even with such strong bullish momentum, the token still struggles to close a daily candle above the $0.13 resistance.
The ANKR token price is trading above the 20, 50, 100, and 200 EMA’s, indicating a strong bullish trend. The chart shows a bullish crossover between the 50 and 200 EMAs, which could attract even more buyers to this token.
The Relative strength index(BULLISH) value is 75, indicating a bullish sentiment for this token. The RSI line has shown an impressive rally similar to the ANKR price.
ANKR Token Shows An Evening Star Candle Pattern At $0.16
Today, the ANKR token price was rejected from the $0.16 resistance with an evening star pattern. The price also provides a proper follow-up candle, and now it’s slowly charging towards the nearest support of $0.13. The current price is ANKR is $0.135, with an intraday of 11.3%.
The super trend indicator projects an uptrend in this 4-hour time frame chart.
The moving average convergence/divergence indicator (BULLISH) shows bullish momentum in the token as both the MACD line and the signal line are moving higher than the neutral zone(0.00).
Conclusion: From a technical perspective, the ANKR token still indicates a decent uptrend. However, the current price action suggests a bearish outlook, as the token price is struggling hard to close a daily candle above the $0.13 mark.
Support – $1.13
Resistance: $1.6