Ankr Price Analysis: ANKR Gearing Up for a Massive Rally?


  • Ankr’s EMA(10) shows a upward trend.
  • 24-hour trading volume for Ankr is hovering at $424,673,171.00.
  • Ankr gain bullish momentum over the past week gaining 21.75%.
  • Support for the bears has been established at $0.026

22 April 2024 : In this article we will walk you through Ankr price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Ankr, Is ANKR a good investment? Ankr support & resistance levels etc. But before diving deep into the ANKR technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,434,341,932,717. The total trading volume stands at $61,988,761,822. Bitcoin shares 53.56 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $66,263.74 level after an upward movement of 1.88%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.64 percent reaching to $3,226.52 during the previous 24 hours.
While publishing this blog, BNB traded at $603.86, following a price change of 4.84% within the same time frame. SOL the native coin of Solana is up by 1.14 and currently trading at $152.12. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Ankr Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Ankr (ANKR)

ANKR Resistance Levels ANKR Support Levels
Resistance Level 1 $0.029 Support Level 1 $0.026
Resistance Level 2 $0.031 Support Level 2 $0.024
Resistance Level 3 $0.033 Support Level 3 $0.022

Ankr Performance

The daily chart of Ankr shows that the ANKR price has surged up with a 15.21% increase in past 24 hours. The price value of the Ankr (ANKR) coin is standing at $0.040 with market capitalization $387,816,347.00 USD. ANKR price changes 21.75% over the week while the trading volume is hovering around $424,673,171.00 USD.

Ankr Price Analysis

ANKR price analysis for 22 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Ankr.

Moving Averages Price Indicator
Simple Moving Average (10) 0.028 Buy
Exponential Moving Average (10) 0.028 Buy
Simple Moving Average (20) 0.029 Buy
Exponential Moving Average (20) 0.029 Buy
Simple Moving Average (50) 0.032 Buy
Exponential Moving Average (50) 0.032 Buy

The relative Strength Index (RSI) indicates that the ANKR coin is in oversold phase, as RSI is at 25. While ANKR’s Williams %R indicator is at -48.986 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The ANKR/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market.

Conclusions

As of now, Ankr is doing well and is attempting to break out of the reddish zone. In order to invest in the digital currency, crypto investors want to see the ANKR move into the positive zone. As far as we can tell, Ankr is on its way up. In 2022 and beyond, the Ankr price has a significant likelihood of rising. It's important that you do your own research before making a decision on whether or not this is a smart investment for you.