ANKR/USDT Market Overview for 2025-09-06

• ANKRUSDT saw a bearish close of 0.0146, down from a 24-hour high of 0.01475 amid moderate volume.
• RSI and MACD signaled weakening momentum, with RSI near 50 and MACD trending lower.
• Volatility remained stable, with price fluctuating inside a narrow Bollinger Band range.
• A key support level formed around 0.01462–0.01466, with bullish rejection evident after dips.
• A notable bearish engulfing pattern emerged at 0.01473, indicating potential downward continuation.

Ankr/Tether USDt (ANKRUSDT) opened at 0.01468 at 12:00 ET on 2025-09-05 and traded between a high of 0.01475 and a low of 0.0146. It closed at 0.0146 at 12:00 ET on 2025-09-06. Total 24-hour trading volume was 17,296,293.3, with notional turnover reaching $256,347. The pair displayed a sideways-to-bearish bias, with key support forming near 0.01466 and resistance near 0.01473. Price appears to be consolidating within a defined range, with no strong breakout evident.

Structure & Formations

Price has been oscillating between 0.01462 and 0.01475 over the past 24 hours. A key bearish engulfing pattern formed at 0.01473, confirming a potential reversal to the downside. A small bullish doji appeared near 0.01462, indicating short-term rejection of lower levels. These patterns suggest a possible continuation of the downward trend toward 0.0146–0.01462.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned near 0.01471–0.01473, with price currently trading slightly below both. On the daily chart, the 50-period MA is around 0.01474, and the 200-period MA is near 0.01468, indicating a neutral-to-bullish bias in the longer term but a bearish bias in the shorter term.

MACD & RSI

The MACD line has been trending lower, crossing below the signal line, indicating weakening bullish momentum. RSI has moved to around 50, signaling a potential shift in balance but not yet into overbought or oversold territory. This suggests that the market is consolidating and may not be ready for a strong directional move in either direction.

Bollinger Bands

Price has been trading within a relatively narrow Bollinger Band channel, with the 20-period middle band sitting near 0.01471. The upper band is at 0.01474, and the lower band is at 0.01467, with price currently near the middle. This indicates low volatility and suggests that traders are waiting for a catalyst to break out of the range.

Volume & Turnover

Volume has been fairly consistent throughout the 24-hour period, with notable spikes at 20:30–22:00 ET when price tested resistance near 0.01473 and 0.01468. Turnover spiked higher during these periods, confirming price action. However, volume has declined in the last six hours, indicating reduced conviction among traders and possible consolidation ahead.

Fibonacci Retracements

Key Fibonacci levels based on the recent 15-minute swing (0.0146–0.01475) show support at 0.01466 (38.2%) and 0.01462 (61.8%). Price has bounced off 0.01466 on multiple occasions, suggesting it is a critical level to watch for the next few hours. A break below 0.01462 could signal the next leg down.

Backtest Hypothesis

Based on the observed support at 0.01466 and the bearish engulfing pattern at 0.01473, a backtesting strategy could be designed to enter short positions on a close below 0.01466 with a stop-loss at 0.01475 and a take-profit at 0.01455. The RSI and MACD indicators support this setup by indicating weakening momentum and a bearish bias. Over the next 24 hours, this approach could provide a risk-managed opportunity if the downward trend continues.