ANKR +299.93% in 24 Hours Amid Volatile Market Shift

On SEP 8 2025, ANKR rose by 299.93% within 24 hours to reach $0.01505, ANKR dropped by 26.4% within 7 days, dropped by 46.11% within 1 month, and dropped by 5506.99% within 1 year.

The sudden spike in ANKR’s price reflects immediate capital inflows and market sentiment shifts toward specific project developments or protocol upgrades. The surge came amid broader market volatility, though it was not tied to any major macroeconomic or regulatory news. Traders reacted swiftly to on-chain events, likely driven by technical patterns or a short-term catalyst tied to the ANKR network’s activity.

The 24-hour rally, however, contrasts sharply with the broader performance over a seven-day and 30-day timeframe, where ANKR recorded significant declines. These movements suggest a highly speculative environment, where short-term optimism quickly reversed in the face of profit-taking or renewed bearish momentum. Investors have historically shown a high sensitivity to on-chain data and liquidity events, which may have played a role in triggering both the upward and downward swings.

The price behavior over the 24-hour period highlights the asset’s susceptibility to rapid market sentiment changes. The sharp rebound may have attracted new buyers, especially in the DeFi and cross-chain space, where ANKR continues to hold relevance. The price’s inability to maintain its gains over the following days underscores the lack of strong fundamental support and the presence of a fragile buying base.

The asset’s 12-month performance remains one of the most severe drawdowns, with a cumulative drop of over 5500%. This long-term trend indicates a structural bear market for ANKR, despite the recent volatility. The inability to sustain positive momentum highlights the ongoing challenges faced by the project, including competition, governance issues, and token utility.

The technical indicators that underpin the market’s short-term decision-making include RSI, moving averages, and on-chain volume signals. The recent 24-hour surge was likely supported by a short-term RSI divergence and a break above a key 50-period moving average. These signals often trigger algorithmic and discretionary buying behavior, especially in illiquid or speculative assets.

Backtest Hypothesis

To explore the predictive power of these technical indicators, a backtesting strategy was designed based on the assumption that RSI divergence and moving average crossovers could be used to enter and exit positions in ANKR. The strategy assumes a fixed position size and does not account for transaction costs or slippage. It seeks to validate whether these indicators could have captured a portion of the recent 24-hour surge and mitigated the subsequent losses.

The strategy would open a long position upon detecting a bullish RSI divergence and a break above the 50-period moving average, and it would close the position upon either a bearish RSI divergence or a close below the same moving average. The effectiveness of such a strategy depends heavily on market conditions and the consistency of the signals.