ANKRUSDT Market Overview: Volatile Downtrend with Oversold RSI and Weak Volume Confirmation

• ANKRUSDT declined from 0.01336 to 0.01053 over 24 hours, reflecting bearish momentum.
• Price traded below all key moving averages, confirming a short-term downtrend.
• Volatility expanded during the early session, with a sharp drop to 0.01283 before recovery.
• RSI remained in oversold territory, but volume did not confirm strong reversal signals.
• Bollinger Bands widened, indicating increased uncertainty and potential for consolidation.

The Ankr/Tether (ANKRUSDT) pair opened at 0.01326 on 2025-10-10 12:00 ET and closed at 0.01053 on 2025-10-11 12:00 ET, hitting a high of 0.01339 and a low of 0.00525. Total volume over the 24-hour period was 437,825,508.9 tokens, while notional turnover reached 4,613.9 USDT. The price action reflects a sharp bearish move, with the majority of the decline occurring in the first half of the session.

Structure and formations suggest a key support area forming around 0.0098–0.0099, with several candlestick patterns such as bearish engulfing and long lower shadows reinforcing a defensive stance at this level. Resistance appears clustered around 0.0110–0.0115, where the pair previously found overhead pressure. A bearish divergence in volume was observed as price dropped to 0.01283, with volume failing to confirm a strong bearish move, indicating some short-covering or profit-taking.

15-minute moving averages show the 20-period (SMA20) and 50-period (SMA50) lines well below the current price, with the 20-period declining more rapidly, reinforcing the bearish trend. On a daily basis, 50/100/200 moving averages are also bearishly aligned, with no signs of reversal. The MACD (12,26,9) remains below the zero line, with bearish crossovers confirming the downtrend. RSI is in oversold territory, suggesting a potential rebound could be near, although without a corresponding volume surge, a breakout is unlikely.

Bollinger Bands have recently widened, indicating increased volatility, with price testing the lower band multiple times during the drop. A bounce off the lower band may indicate a short-term bounce, but without a strong reversal candlestick pattern or volume confirmation, the downtrend could resume. Fibonacci retracements suggest 61.8% levels at 0.0093 could act as a potential near-term floor.

The ANKRUSDT pair faces a high-probability continuation of the bearish trend in the next 24 hours, with 0.0093–0.0098 as a key watch area. A failure to close above 0.0105 could signal renewed bearish momentum, while a strong close above 0.0110 might hint at a potential short-term reversal. Investors should remain cautious as liquidity appears thin in the 0.0100–0.0110 range.

Backtest Hypothesis

A potential short-term reversal setup could be identified using a combination of RSI (14) crossing above 25 and a bullish engulfing candlestick pattern occurring near the lower Bollinger Band. Such a pattern could indicate a temporary oversold bounce, offering a short-term trade entry. Given the current low RSI and price near the lower band, a backtest over the past 30 days could assess whether this pattern historically led to a 3–5% rebound. However, due to the weak volume during the recent decline, confirmation should be cautious and accompanied by a tight stop-loss at the nearest swing low.