Market Overview for Ankr/Tether (ANKRUSDT) on 2025-11-08

Summary
• ANKRUSDT opened at $0.00976 and closed at $0.01009, reaching a high of $0.01036 and a low of $0.00962.
• A bearish engulfing pattern was observed at the peak, followed by consolidation near key support.
• Volume spiked early in the session, with moderate turnover confirming the breakout.

Ankr/Tether (ANKRUSDT) opened at $0.00976 on 2025-11-08 and closed at $0.01009 by 12:00 ET. The pair reached an intraday high of $0.01036 and a low of $0.00962. Total trading volume over the 24-hour window was approximately $121.6M, with a notional turnover of $11.2M based on the dataset. Price action showed a strong early push toward resistance, followed by a pullback and consolidation near key Fibonacci levels.

Structure & Formations

The 15-minute chart reveals a strong bearish engulfing pattern at the intraday high of $0.01036, indicating potential near-term bearish sentiment. A key support level appears to have formed around $0.01005, where price consolidated for several hours. A doji at $0.01007 near the close of the session may signal indecision between buyers and sellers.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA are closely aligned around $0.01003–$0.01006, supporting the consolidation phase. Daily moving averages (50, 100, and 200) are in a bullish alignment, with the 50DMA sitting near $0.00987, suggesting a longer-term uptrend is intact.

MACD & RSI

The MACD crossed above zero during the morning session, showing a short-term bullish bias, but has since returned to neutral territory. RSI reached an overbought level of 63 during the high and has since receded to 55, indicating the pair may be stabilizing.

Bollinger Bands

The price remains within the Bollinger Bands, with the upper band reaching $0.01036 and the lower band settling near $0.00982. The bands have widened slightly, indicating increased volatility, especially during the morning breakout. Price action at the close showed a retest of the lower band, suggesting a potential bounce is likely.

Volume & Turnover

Volume was concentrated during the morning session, with a sharp spike as the price approached the intraday high. Turnover spiked at the same time, confirming the breakout. However, the volume has since declined, suggesting traders are stepping back from aggressive positions.

Fibonacci Retracements

The $0.01005 level coincides with the 38.2% Fibonacci retracement level of the recent bullish swing, offering a potential area for further consolidation or a bounce. The 61.8% level sits at $0.00992, which could act as a strong support if the trend turns bearish.

Backtest Hypothesis

A bearish-engulfing pattern detected on this 15-minute chart could be used as a short-sell trigger for a backtest strategy. Using the exact symbol “BINANCE:ANKRUSDT,” the strategy could be tested on a one-week event-based sell model from 2022–01–01 to today. This pattern’s effectiveness on ANKR/USDT would require precise timestamps and historical data for confirmation, ensuring the hypothesis aligns with actual market conditions.