ANKRUSDT Market Overview: Volatility Peaks and Bearish Momentum Build Amid Stabilization Efforts

• Price tested key resistance around $0.01525 before consolidating lower, closing near $0.01507 at 12:00 ET.
• Volatility expanded during a sharp midday rally, but selling pressure intensified after 22:30 ET.
• RSI entered oversold territory in the final hours, while volume remained elevated during the downward drift.
• A long lower shadow and bearish engulfing pattern formed around $0.0151–$0.01516, hinting at renewed bearish momentum.

At 12:00 ET on 2025-09-17, Ankr/Tether (ANKRUSDT) opened at $0.01512, reaching a high of $0.0153 and a low of $0.01501 before closing at $0.01507. The pair recorded a 24-hour volume of approximately 16.23 million ANKR and a notional turnover of roughly $247,524 (based on weighted averages).

Structure & Formations

The price tested resistance at $0.01525 during the afternoon, failing to break higher and forming a bearish reversal pattern. A long lower shadow appeared between $0.01507–$0.01514 after 08:00 ET, suggesting renewed bearish control. A doji near $0.01515 on the 15-minute chart around 22:30 ET highlighted indecision. The bearish engulfing pattern between $0.0151–$0.01516 later in the day confirmed downward bias. Key support levels formed at $0.0151, $0.01505, and $0.01501, with resistance at $0.01525 and $0.0153.

Moving Averages

On the 15-minute chart, price closed below both the 20-period and 50-period moving averages, signaling short-term bearish bias. On the daily chart, the 50/100/200-period MAs showed a bearish alignment, with price below the 50-period line, reinforcing the downtrend. A crossover is unlikely unless a strong reversal occurs near $0.01515.

MACD & RSI

The MACD line crossed below the signal line during the late evening session, confirming bearish momentum. Histogram divergence emerged after 08:00 ET, indicating weakening bullish pressure. RSI fell into oversold territory below 30 in the final 3–4 hours of trading, suggesting potential near-term support at $0.01505–$0.01507 could stabilize price. However, RSI failed to break above 50 during the rally, signaling limited conviction.

Bollinger Bands

Bollinger Band contraction occurred between 05:00–07:00 ET, followed by a sharp expansion as price surged to $0.0153. Price then retracted sharply into the lower band by 08:00 ET. The 20-period band width indicated rising volatility during the midday rally, while the closing price at $0.01507 sat just above the lower band, suggesting potential for a rebound.

Volume & Turnover

Volume remained elevated during the midday rally, with a spike at $0.01525–$0.0153. However, after 08:00 ET, volume surged on the downleg, confirming bearish control. Notional turnover reached a 24-hour high of $247,524, with price and turnover aligning during the key selloff. The divergence between volume and price during the early morning consolidation suggests distribution by larger players.

Fibonacci Retracements

On the 15-minute chart, the price retraced to the 61.8% level at $0.01517–$0.0152 before stalling. A deeper retracement to $0.01513 (38.2%) occurred during the afternoon decline. Daily retracements showed strong bearish structure, with the 61.8% level at $0.01504–$0.01505 coinciding with key support. This level may act as a critical pivot for near-term buyers.

Backtest Hypothesis

A potential short-term trading strategy could involve entering long positions during a retest of the $0.01505–$0.01507 support zone if RSI re-enters neutral territory and MACD shows a positive crossover. Stop-loss could be placed below $0.01501, with a take-profit target at $0.01513–$0.01515. This approach aligns with the observed bearish engulfing pattern and Fibonacci levels, aiming to capture a bounce while managing downside risk. The strategy’s validity depends on continued bearish momentum and volume confirmation during key support tests.