ANKR/USDa Bulls Push for a Price Upturn

The Ankr market had a downside breakaway from the long-term struggle which is around the $0.03 price level. The $0.03 price level was previously a support level preventing the bearish price from diving to a lower price level. However, in early November, as the selling pressure increased, the price levels drop $0.02. But, in today’s market, the bullish price has crossed over the resistance price level and the 20-day moving average. The tide is about to turn in favour of the bulls.  

Ankr Market Price Statistic:

• ANKR/USD price now: $0.0235
• ANKR/USD market cap: 225,381,031
• ANKR/USD circulating supply:9.66B 
• ANKR/USD total supply: 10,000,000,000
• ANKR/USD coin market ranking: #114

Key Levels

• Resistance: $0.025, $0.0300, $0.0350
• Support: $0.0200, $0.0150, $0.0100

Ankr Market Price Analysis: The Indicators’ Point of View

The Bollinger bands are now showing signs of contraction because the bullish pressure is increasing. But after the market crossed above the $0.023 resistance with a strong move some traders take their profits. This resulted in a pullback of the price from the high of $0.026 but the buyers were still able to conserve the bullish price at $0.0235. The MACD indicator now has a bullish crossover below the zero level. However, the RSI indicator points to a market positioned between the buyers and the sellers as it measures 50 for the momentum.

ANKR/USD 4-Hour Chart Outlook

 In the second four-hour session, the strong bullish move that took the price to the $0.026 level may have triggered the bearish move as we see the sellers overrunning the market in that session. The selling activities continue into the third session. But at this level, the buyers are trying to hold on to their position and preserve the bullish price. The uptrend will continue after the brief pull back and the next stop for the bull market may be the $0.0257 level.

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