Market Overview for Ankr/Tether (ANKRUSDT) – October 28, 2025

• Ankr/Tether (ANKRUSDT) closed at $0.01018 after a 24-hour range between $0.01007 and $0.01045.
• Price declined in the final hours, signaling potential bearish momentum despite early strength.
• Turnover exceeded $4.0M, with volume concentrated in late-night and morning hours.
• Volatility remained moderate, with price consolidating within Bollinger Bands after earlier expansion.
• Key resistance appears near $0.0103–0.01045, with support forming at $0.0102–0.01018.

24-Hour Price Summary

At 12:00 ET on October 28, 2025, Ankr/Tether (ANKRUSDT) opened at $0.01032 and traded within a 24-hour range of $0.01007 to $0.01045, ultimately closing at $0.01018 at 12:00 ET. Over the past 24 hours, total volume reached approximately 20.2 million units, translating to a notional turnover of over $4.0 million. The price has shown a bearish bias in the final 12 hours, with a noticeable retracement from intraday highs.

Structure & Formations

The 15-minute OHLCV data reveals a moderate bullish start with price pushing above $0.01040, followed by a consolidation phase and a gradual bearish reversal. Notable bearish patterns include a hanging man around $0.01043 and a bearish engulfing pattern in the 6–8 a.m. ET window. Key support levels have formed near $0.01020 and $0.01018, while resistance appears to be clustered between $0.01025 and $0.01032. Price appears to be testing these levels in a tightening range, suggesting a potential breakout or reversal.

Moving Averages and Momentum

On the 15-minute chart, the 20-period moving average (SMA) is currently above the 50-period SMA, indicating a temporary bullish bias in early trade. However, the 50-period SMA has started to cross below the 20-period in the last 6 hours, which may signal a shift in momentum. On the daily chart, the 50-period SMA is below the 200-period SMA, suggesting an overall bearish bias for the broader trend. MACD appears to be in a negative crossover since 6 a.m. ET, reinforcing the bearish narrative and indicating weakening momentum.

Volatility and Bollinger Bands

Volatility initially expanded in the late hours of October 27 and early hours of October 28, with price reaching the upper Bollinger Band at $0.01045. This suggests a period of heightened buying pressure. Since 6 a.m. ET, volatility has contracted, and price has consolidated within the Bollinger Band channels. This narrowing suggests a period of indecision, and a break above or below the bands could trigger a new directional move. Price is currently hovering near the lower band, which may act as short-term support or trigger further downward momentum.

Backtest Hypothesis

Given the current price action and the lack of RSI data, a potential backtest could be based on a price-based momentum strategy using moving averages and candlestick patterns. For instance, a strategy could be built around a 20-period and 50-period SMA crossover on the 15-minute chart, combined with volume confirmation and key candlestick patterns like bearish engulfers or hammers. These patterns often signal potential turning points. For instance, in this 24-hour period, a bearish engulfing pattern near $0.01043 coincided with a volume spike and could have been used to trigger a short signal. If RSI data were available, an overbought condition (>70) could have added confirmation. However, based on the available data alone, a moving average crossover with volume and pattern filtering could serve as a robust backtest strategy.