ANKRUSDT Breaks Out — But RSI Warns of Overbought Risk

Summary
• Price surged from $0.0042 to $0.00452 on a strong late-day rally.
• Volume spiked sharply during the bullish breakout in the afternoon.
• RSI reached overbought levels, suggesting caution for short-term traders.
• Bollinger Bands expanded, signaling heightened volatility and strong conviction in price direction.
• A bullish engulfing pattern formed near support, reinforcing momentum.

Ankr/Tether (ANKRUSDT) opened at $0.0042 on 2026-02-24 12:00 ET, hit a high of $0.00452, dipped to a low of $0.00418, and closed at $0.00431 as of 12:00 ET on 2026-02-25. Total traded volume was 28,748,900.8 units, with a notional turnover of $125,530.27 over the 24-hour period.

Structure & Formations

Price action formed a key bullish engulfing candle around $0.00421 to $0.00427, indicating a potential shift in sentiment. A critical support level emerged between $0.00418 and $0.00420, with price bouncing off this area sharply after a brief consolidation phase. Resistance levels at $0.00428 and $0.00431 were tested and broken decisively, with the latter being held into the close.

Moving Averages

On the 5-minute chart, the 20-period and 50-period SMAs both turned upward during the breakout phase, confirming the bullish bias. On the daily chart, the price closed above both the 50-period and 100-period SMAs, indicating a potential continuation of the upward trend.

MACD & RSI

MACD turned positive around 13:00 ET and remained above the signal line, showing strong momentum. The RSI climbed above 70 during the peak of the rally, reaching 73, indicating overbought conditions. A potential pullback may occur as the RSI struggles to hold above 65.

Bollinger Bands

Bollinger Bands widened significantly during the breakout phase, reflecting increased volatility. Price closed near the upper band at $0.00452, suggesting continued strength but also a potential for consolidation or retesting of key levels.

Volume & Turnover

Volume spiked dramatically during the late afternoon and early evening hours, aligning with the bullish breakout. The highest single 5-minute volume was over 1.9 million units, supporting the price move. Notional turnover rose in tandem with price gains, reinforcing the legitimacy of the move and reducing divergence risk.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from $0.00418 to $0.00452, the 50% retracement level at $0.00435 and the 61.8% at $0.00436 appear to be key potential zones for profit-taking or consolidation in the near term.

Price may attempt to extend the bullish move toward $0.00455 or encounter resistance near $0.00445. However, with RSI in overbought territory and volatility elevated, investors should remain cautious and watch for signs of distribution or profit-taking in the next 24 hours.