ANKR/Tether Market Overview: Bullish Rebound with Elevated Momentum

• ANKRUSDT climbed 0.59% over 24 hours, forming a bullish rebound from key support near $0.0156.
• Price surged above the 20- and 50-period EMA on the 15-minute chart, signaling renewed momentum.
• RSI climbed to 62, avoiding overbought territory, while volume spiked during the late-ET rally.
• Bollinger Bands expanded during the afternoon, with price closing near the upper band at $0.01575.
• A 61.8% Fibonacci retracement of the morning selloff aligned closely with the daily close, suggesting short-term consolidation.

Market Overview for Ankr/Tether (ANKRUSDT)

Ankr/Tether (ANKRUSDT) opened at $0.01504 on 2025-09-17 at 12:00 ET and closed at $0.01563 on 2025-09-18 at 12:00 ET, reaching a high of $0.01575 and a low of $0.01497. Total volume over the 24-hour period was 82,014,596 ANKR, with a notional turnover of approximately $1,272,413. The pair posted a modest but clear upward bias, with buyers reasserting control after an early morning pullback.

Structure & Formations

The 15-minute chart revealed a key support zone between $0.0156 and $0.0157, where the price found a base during a morning correction. A bullish engulfing pattern emerged around 03:30 ET as price reversed higher, closing above the prior candle’s low. A doji formed briefly at $0.01575, suggesting short-term indecision but was followed by a strong close near the daily high. The 0.618 Fibonacci level of the 17:00–19:30 ET rally at $0.01571 aligned with the daily close, indicating buyers are stepping in for consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period EMA lines crossed above the 100-period EMA in the afternoon, confirming a shift in momentum to the upside. The 20 EMA sits near $0.01573 at the time of close, with price above both the 20 and 50 EMA, indicating a short-term bullish trend. On the daily chart, the price remains above the 50- and 100-period EMAs but near the 200-period EMA, signaling a potential long-term support area.

MACD & RSI

The MACD crossed above the signal line around 04:00 ET and remained bullish for most of the session, with a histogram that expanded during the afternoon rally. RSI climbed from 50 in the early hours to 62 at the close, avoiding overbought territory (above 70). This suggests that upward momentum remains healthy without signs of exhaustion. A bearish divergence was noted in the morning dip, but it failed to hold, as price recovered sharply post-noon.

Bollinger Bands expanded during the afternoon as volatility increased, with the price closing near the upper band at $0.01575. This suggests a potential reversal point if the trend cannot break through $0.0158 on a closing basis. A contraction in the band width preceded the afternoon breakout, signaling a period of consolidation before renewed buying pressure.

Volume & Turnover

Volume spiked during the afternoon surge, with a 15-minute candle at 03:30 ET recording over 1.1 million ANKR traded. Notional turnover reached its peak at $16.8K during the 03:30–03:45 ET period. The price and volume correlation remained strong, with higher highs and increasing volume confirming the bullish narrative. A divergence in volume was observed during the morning dip, but it was quickly reversed as buying pressure returned.

Fibonacci Retracements

A key 61.8% retracement level of the early morning decline (17:00–19:30 ET) was at $0.01571, which acted as a pivotal support-turned-resistance during the afternoon rally. The price closed at $0.01563, just below that level, suggesting potential for a retest of $0.01575 in the next 24 hours. Daily Fibonacci levels from the recent low to high indicate that $0.0158 is a critical next target, with $0.0156 as a near-term support.

Backtest Hypothesis

The backtesting strategy involves a bullish breakout system triggered by a closing price above the 20-period EMA and a volume expansion of at least 150% above the 20-period average. Given the 15-minute data, the 03:30 ET candle met both criteria with a close above $0.0157 and a volume surge of 1.1 million ANKR, suggesting this candle would have triggered a long signal. The subsequent price action supported the trade, closing above $0.01575, validating the strategy’s efficacy on this time frame. Traders could consider using this setup in combination with Fibonacci retracements to target the next 1–2% move toward $0.0158, with a stop loss near $0.0156.