ANKRUSDT Breaks Below 0.00482, Bearish Momentum Confirmed

Summary
• Ankr/Tether (ANKRUSDT) consolidates below key resistance at 0.00486.
• Downtrend accelerates after 0.00482 pivot level breakdown, with bearish momentum confirmed by RSI and volume.
• Volatility expands in late hours, with price probing Fibonacci 61.8% support at 0.00457–0.00459.
• Bollinger Bands widen, suggesting potential for a sharp reversal or continuation.
• High volume during 0.00461–0.00471 range suggests accumulation ahead of next move.

Ankr/Tether (ANKRUSDT) opened at 0.0048 and traded between 0.00483 and 0.00457 during the 24-hour window, closing at 0.00462 at 12:00 ET. Total volume was 176,825,015.5 and notional turnover reached $83,597.92.

Structure & Moving Averages

Price action shows a bearish breakdown from 0.00482, with the 20-period and 50-period moving averages on the 5-minute chart confirming the downward bias. On the daily chart, ANKRUSDT remains below the 50-, 100-, and 200-period MAs, reinforcing the longer-term bearish bias.

Momentum and Overbought/Oversold Conditions

The RSI has declined sharply, dropping below 30 after an extended sell-off in the latter half of the 24-hour window, signaling oversold conditions. However, the MACD remains negative with bearish divergence, indicating that selling pressure could persist unless a reversal forms.

Volatility and Bollinger Bands

Bollinger Bands have widened as volatility increased in the final hours of the period. Price action has remained near the lower band, suggesting potential for a bounce. The recent consolidation around 0.00461–0.00468 may provide a temporary floor if buyers step in.

Volume and Turnover

Volume surged sharply during the early morning hours (02:00–06:00 ET), particularly around the breakdown of 0.00472. Notional turnover increased in tandem, confirming the strength of the bearish move. However, volume has since declined, which could hint at diminishing selling pressure or a buildup for a reversal.

Fibonacci Retracements

Fibonacci levels from the recent 0.00483–0.00457 move indicate that 61.8% support aligns with the current consolidation near 0.00461–0.00465. A break below this level could extend the decline toward 0.00453 or lower. On the 5-minute chart, the 38.2% and 61.8% levels coincide with key 0.00466 and 0.00462 price levels, making them critical for near-term direction.

Price appears to be at a turning point, with oversold RSI suggesting a potential rebound but bearish momentum indicating a higher probability of a continued decline. Traders should watch for a close above 0.00468 for short-term bullish potential, but a retest of 0.00457–0.00459 is likely. Risk management remains key, especially as volatility remains elevated.