- The ANKR price gains bullish momentum with an upside breakout of the consolidation range.
- The ANKR/BTC pair trades at 0.000002182 BTC with a rise of 13.85%.
- The 24 -hours volume for ANKR coins is $903 Million, indicating a 1000% hike.
The ANKR coin price action gains momentum with a bullish breakout of a consolidation range in the 4-hour chart. Additionally, the support zone coincides with the 50% Fibonacci level. However, the price struggles to rise above the $13.5 resistance zone. Thus, the breakout of this level will give a perfect breakout entry opportunity.
The ANKR price shows a rising bullish trend, with its price trading higher than a few crucial EMAs 50, 100, and 200. Moreover, the essential EMA maintains a bullish alignment which will empower the bullish pressure. Additionally, the 50 and 100 days EMA generate a bullish crossover.
The coin price shows lower price rejection; moreover, the pivot points indicate resistance levels at the $0.16 and $0.19 mark if the price breaks above. Additionally, on the flip side, the support levels are at $0.13 and $0.10.
Will The ANKR Coin Price Reach The $0.20 Mark?
We have mentioned that the ANKR coins are gaining momentum because of the consolidation range breakout. Recently, a bullish formation of higher highs was seen, indicating that the coin price can shortly break through the $0.20 mark.
As of press-time, the price of the coin is $0.1425. Over the past 24 hours, the coin’s price has increased by 15.71%. ANKR’s intraday volume traded also increased by 1000%
As it goes above its centerline, the RSI indicator indicates a rise in underlying bullishness. It spikes up. The slope is not divergent from the price action. The RSI indicator is a buy signal.
MACD indicators indicate that MACD moves higher than the signal lines. This suggests that the signal line in the 4-hour charts is in bullish alignment. These lines show a bullish crossover. The MACD indicator is a buy signal.
Conclusion: Technically, ANKR coins show lower price rejection. This is evident in the breakout of the range on the 4-hour chart. The bullish reversal is also indicated by the fact that the demand was met at the 0.5 Fibonacci levels. Therefore, traders may be able to buy at current prices.
Resistance– $0.16 and $0.18
Support– $0.13 and $0.10