ANKR/Tether (ANKRUSDT) Market Overview – 2025-10-08

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• ANKRUSDT traded in a tight range near $0.0137 with a 0.37% intraday range and a bearish close near session lows
• Volatility expanded during the overnight session, with a 15-minute high of $0.01393 and a 0.56% swing
• On-balance volume showed no significant directional bias, but turnover confirmed bearish sentiment after 14:15 ET
• RSI failed to enter overbought or oversold territory, while MACD flattened around neutral
• Price is consolidating near the 61.8% Fibonacci retracement of the recent $0.0137–$0.01393 swing

Price Action and Range

Ankr/Tether (ANKRUSDT) opened at $0.0137 on 2025-10-07 12:00 ET, reaching a high of $0.01393 and a low of $0.0136 during the 24-hour period before closing at $0.01382 on 2025-10-08 12:00 ET. The total traded volume reached 39.8 million ANKR, with a notional turnover of approximately $5.47 million.

Price action over the last 24 hours showed a period of consolidation after an early morning bearish reversal. A sharp 0.42% pullback from $0.01393 to $0.01375 in the afternoon was followed by a limited bounce, suggesting that sellers are regaining control. The price is currently near key resistance levels and appears to be testing the psychological $0.0138 barrier.

Technical Structure and Indicators

The 15-minute chart revealed a bearish bias, with price forming multiple small bearish candles and a morning doji at $0.01373 suggesting indecision. The 20- and 50-period moving averages are aligned bearishly, supporting the downward bias.

On the momentum side, the RSI remains neutral (48.6), indicating a lack of strong buyers or sellers. MACD flattened near zero with a narrow histogram, showing that momentum has weakened. The Bollinger Bands appear to be expanding, indicating rising volatility, while price remains above the midline, suggesting a possible continuation of the current consolidation pattern.

Fibonacci levels indicate that the $0.01382–$0.01378 zone coincides with the 61.8% retracement of the recent upswing, offering potential near-term resistance. Traders may watch for a break above this level to confirm bullish intentions.

Volume and Turnover Behavior

Volume spiked during the afternoon at 14:15 ET, coinciding with the sharp pullback to $0.01375. This suggests strong selling pressure. However, turnover did not confirm the move, indicating that the price drop may not have been backed by conviction.

Later in the session, volume increased again between 15:00–16:00 ET as buyers attempted to push the price back toward $0.01382. This time, turnover increased in line with the move, offering some confirmation of the bullish attempt. The divergence between the two spikes suggests that traders remain cautious and may not commit capital until a clearer trend emerges.

Backtest Hypothesis

Given the current consolidation near key Fibonacci and moving average levels, a potential backtest strategy could focus on a breakout trade using the 20-period MA and the 61.8% retracement as key decision points. A long entry may be considered above $0.01382 with a stop-loss below $0.01375, while a short entry could be triggered on a pullback to $0.01375 with a target at $0.01365. This approach leverages both price action and volatility signals for potential confirmation.

Outlook and Risk

Looking ahead, traders may watch for a breakout above $0.01382 or a breakdown below $0.01375 to determine the next directional bias. If buyers fail to push above resistance, ANKRUSDT could retest the $0.01365 level from earlier in the week. Sellers, however, may find support near $0.01375, where volume and Fibonacci levels converge. As always, sudden news or macroeconomic factors could disrupt the current pattern.