Market Overview for Ankr/Tether (ANKRUSDT): 2026-01-05

Summary
• Price action formed a bullish reversal pattern near 0.00686 after a sharp decline.
• Momentum showed overbought conditions late in the session as RSI approached 70.
• Volatility expanded significantly with heavy volume surges around 15:00 and 16:00 ET.
• Bollinger Bands widened as price broke above the upper band toward the end of the day.

Market Overview

At 12:00 ET-1 on 2026-01-04, Ankr/Tether (ANKRUSDT) opened at 0.00698 and closed at 0.00727 by 12:00 ET on 2026-01-05. The 24-hour range was 0.00684 to 0.00742. Total volume reached 1994093.9, with turnover of approximately $140.317 million.

Structure & Formations

A key support level formed at 0.00686, where a bullish reversal pattern emerged following a strong pullback. Resistance levels are visible near 0.00705 and 0.00722, both of which were tested multiple times during the day. A large bullish engulfing pattern appeared at the end of the session, signaling potential follow-through buying.

Moving Averages and Momentum

The 5-minute 20-period and 50-period moving averages showed a bullish crossover mid-session, reinforcing upward bias. Daily 50- and 200-period MAs remained below the close, indicating short-term strength. The MACD crossed into positive territory with a strong histogram divergence, while RSI pushed into overbought territory, reaching 70 near the session close.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly after 14:30 ET, with price closing near the upper band. This suggests a period of heightened volatility and potential continuation of the upward move.

Volume and Turnover

Volume surged notably during the late morning and early afternoon, particularly around 15:00 and 16:00 ET, with turnover confirming the price action. No significant divergence was observed between volume and price, suggesting that the move is broadly supported.

Fibonacci Retracements

Fibonacci levels from the 0.00684 to 0.00742 swing show key levels at 0.00716 (61.8%) and 0.00705 (38.2%). Price held above the 61.8% level, suggesting short-term buyers are active.

The market appears to be consolidating above key support with strong momentum and volume confirmation. In the next 24 hours, a test of 0.00742 could occur if the bullish bias holds, though a pullback toward 0.00705–0.00716 remains a possible risk to monitor.