Market Overview for Ankr/Tether (ANKRUSDT) – 2025-10-07

• ANKRUSDT declined 0.96% over 24 hours, with bearish momentum intensifying after 22:00 ET.
• Volatility expanded post-19:30 ET with a breakdown below 0.01435 support into 0.01419.
• RSI entered oversold territory at ~30, while volume surged to 5.18M at 15:15 ET.
• Bollinger Band contraction preceded a sharp move lower around 04:45–06:00 ET.
• Price may test 0.01405 next with a potential rebound or further consolidation ahead.

Market Summary

Ankr/Tether (ANKRUSDT) opened at 0.01439 on 2025-10-06 at 12:00 ET and closed at 0.01422 as of 12:00 ET on 2025-10-07. The pair reached a high of 0.01443 and a low of 0.01365 over the 24-hour period. Total traded volume amounted to 45.5M ANKR, with a notional turnover of ~$6.48M.

Structure & Formations

Price action revealed bearish control after the breakdown below the 0.01435 psychological level. A large bearish engulfing pattern appeared at 22:15 ET as the candle closed at 0.01430 after opening at 0.01433 and hitting a high of 0.01432. A potential key support appears forming near 0.01419–0.01405, as seen by consecutive bearish closes in that zone. A bullish doji at 03:45 ET near 0.01413 may suggest a possible near-term bottoming process.

Moving Averages

The 15-minute chart shows price below both 20 and 50-period moving averages, reinforcing a short-term bearish bias. On the daily chart, price is below the 50-period MA but above the 200-period MA, suggesting a medium-term sideways-to-bullish trend amid strong 24-hour bear pressure.

MACD & RSI

The MACD crossed below the signal line during the night session, confirming bearish momentum. The 15-minute RSI fell below 30 by 15:15 ET, indicating oversold conditions. However, divergence between RSI and price at 05:15–06:30 ET suggests that oversold levels may not lead to immediate reversal.

Bollinger Bands

Volatility expanded after 04:45 ET as the bands widened from 0.01438 to 0.01408. Price remained near the lower band for most of the 05:00–09:00 ET window, signaling bearish bias. A brief contraction occurred from 15:00 to 16:00 ET, suggesting a potential setup for a breakout or breakdown ahead.

Volume & Turnover

Volume spiked to 5.18M at 15:15 ET as price hit 0.01376—the lowest level in the 24-hour period. Notional turnover exceeded $750K at that point. A divergence between price and volume emerged after 09:00 ET when price continued falling despite reduced volume, suggesting potential exhaustion in the short-term bear move.

Fibonacci Retracements

On the 15-minute chart, the 38.2% retracement of the 0.01443–0.01419 swing appears at 0.01430. The 61.8% retracement is at 0.01424. On the daily chart, the 61.8% retracement of the 0.0144–0.01365 swing aligns with current support near 0.01405. Price may retest these levels before the next directional move.

Backtest Hypothesis

Applying the described backtest strategy, which triggers short positions when RSI falls below 30 and price breaks below the 20-period MA on the 15-minute chart, would have generated a signal at 22:15 ET on 2025-10-06. The strategy would have exited at the 0.01413 low on 05:45 ET, capturing a 0.97% move. A stop-loss near 0.01430 would have limited losses in the case of a countertrend bounce. Given the current bearish momentum and oversold RSI, the setup appears viable for another short signal if the 0.01405 level holds.