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ANKR price prediction suggests a rise in the long term. - 2
Ankr crypto price is consolidating inside a narrow range. - 3
ANKR price struggles to climb above the 50-day EMA.
ANKR price prediction is bullish for the coming few months and suggests a rise. Ankr crypto price consolidated for a quite long time in the narrow range between $0.01698 to $0.020292. It formed a strong base and buyers are successfully defending the lower range support.
ANKR price is trying to climb above the 50-day EMA to reverse the short-term trend in an upward direction. However, the seller seems to be active and prices are facing rejection.
The price structure of the ANKR crypto is weak but it is trading near to the demand zone so the downside risk looks limited.
The 200-day EMA slopes downward indicating that the positional trend is in the downward direction. So, if the pullback rally comes, then the 200-day EMA will act as a strong hurdle for the bulls.
At present, ANKR price is trading at $0.01886 with an intraday decline of -1.31%. The 24-hour volume to market cap is 5.06%.The pair of ANKR/BTC is trading at 0.00000070 on a flat bias. The price pattern of ANKR/BTC looks bearish and sellers seem more active.
Will ANKR Price Expand the Range Upward?
ANKR price prediction suggests bulls are getting active and more upside is possible. Slow and steady prices are recovering from the demand zone and buyers seem to be preparing for another attempt of breakout.
Till ANKR crypto price is sustained above the $0.01698 level, the probability of the breakout remains high. If buyers succeed in breaking the $0.01698 hurdle, then a 10% to 20% sharp rise is possible.
The technical analysis suggests that ANKR crypto price looks oversold and the possibility of range expansion remains high.
ANKR Crypto Price Analysis
ANKR crypto price fell 7.41% in the current week and formed a bearish candle. However, until the price drops below the lower range support, it will be risky to create fresh shorts.
The MACD curve sloping sideways indicates the price is likely to consolidate for some more time in the existing range. The RSI at 44 slopes down donotes mild bearishness but if the price declines further. The RSI might enter into the oversold territory.
Conclusion
ANKR price prediction is bullish but the price will pick up momentum when it breaks the $0.02092 hurdle. The analysis suggests that the ANKR price is near the demand zone and looks oversold. So, it might reverse upward and break out of the higher range.
Technical Levels
- Resistance levels: $0.02092 and $0.02400
- Support levels: $0.01698 and $0.01600
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.
Source: https://www.thecoinrepublic.com/2023/10/11/ankr-price-prediction-will-ankr-crypto-perform-by-2023-end/