- The current market price of the ANKR coin is $0.02281.
- The ANKR coin price has shown a surge of over 50% in 2023.
- The ANKR coin price has recently breached the crucial resistance level of $0.2081.
ANKR was founded in 2017 by Chandler Song and Ryan Fang. The coin is trading at $0.02281 with a market capitalization of $228.9 Million. The coin’s total supply is 10 Billion, and 100% of the coins are in circulation. The ANKR coin price is in a strong downtrend as the price has been declining since November 2021. In the same year, the coin price made its all-time high level of $0.2252. The all-time low level of the coin is $0.0007111, which was created in 2020.
ANKR has formed a lower high and lower low chart formation till now, which confirms that the coin was in a downtrend. The coin price has been consolidating for the last two months. The recent surge in the price has revived some hopes for investors and it has been supported by the market sentiment.
A Quick Look at the ANKR Coin Chart
The ANKR coin price has formed a falling wedge pattern on the daily chart and has recently given a breakout from it. This is a widely recognized bullish pattern that often signals a shift in the price trend. The ANKR coin’s price is currently making an effort to stay above this level following the breakout, although it appears to be lacking strong buying pressure from the bulls. Nevertheless, the bulls are maintaining their grip on the price, as evidenced by the price rebounding on the same day it experienced a decline.
After two months of long consolidation, the coin price has recently breached the resistance level of $0.02072. This will act as support from now and along with that, $0.01450 will also provide support to the price. Currently, the coin price is inching towards the resistance levels of $0.02750 and $0.03857.
An Outlook on the EMA and RSI Indicator
The ANKR coin price is trading above the 50-day exponential moving average (EMA) and it has regained control of it. The coin price is facing a strong hurdle with the 200-day EMA and the bulls are trying to cross this level. The bears are looking strong at this level as the price has not been able to cross the 200-day EMA comfortably.
The relative strength index (RSI) is curving at the level of 63.77 which is favoring the bulls as of now but the RSI is spending too much time there. The coin price and the RSI are showing divergence at present.
Conclusion
The ANKR coin price is looking strong as of now and it can continue this uptrend. However, the coin price is facing a strong rejection from the 200-day EMA. It can show a massive surge in price once it regains control of its 200-day EMA.
Technical Level
- Resistance – $0.02750 and $0.03857
- Support – $0.02072 and $0.01450
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.