ANKRUSDT Market Overview: 2025-11-04

Summary
• Price action shows a bearish bias after an early rally failed to hold.
• Volatility remains elevated with a 24-hour range of ~1.22%.
• Volume declined toward the 24-hour close, suggesting waning conviction.

The Ankr/Tether (ANKRUSDT) pair opened at $0.00906 at 12:00 ET – 1 and closed at $0.00874 by 12:00 ET. The 24-hour range reached a high of $0.00918 and a low of $0.00860. Total volume traded was 108,037,542.6 ANKR, with a notional turnover of approximately $953,496 (based on average close price). Price action was bearish on the close despite an early attempt to reclaim higher ground.

Structure & Formations

Price formed a series of lower highs and lower lows from 17:00 ET to 08:45 ET, confirming a bearish bias. A key support level appears to be forming around $0.00870–$0.00875, where price found several bounces. A notable bearish engulfing pattern formed around 18:30 ET as the price closed below the prior bar's open. A potential resistance zone is between $0.00905–$0.00910, where price struggled to maintain above during the session. A doji formed near $0.00880 in the early morning, signaling indecision in the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bearish, with the 20 MA crossing below the 50 MA at around $0.00890, suggesting a bearish crossover. The 50-period MA is currently at ~$0.00891, while the 20-period MA is at ~$0.00886. On the daily chart, the 50-day and 200-day MAs are also bearish, with the 50 MA at ~$0.00893 and the 200 MA at ~$0.00910, confirming the downward bias.

MACD & RSI

The MACD line turned negative during the late evening and remained bearish, with the signal line crossing below it, confirming a bearish momentum shift. The histogram showed a consistent decline in positive momentum from the morning to the late evening. The RSI is currently at ~42.4, indicating a neutral to slightly oversold condition but not yet signaling a potential reversal. The RSI did not move above 50, suggesting sellers remained in control through the session.

Bollinger Bands

Price spent the majority of the session near the lower band of the Bollinger Bands, especially from 20:00 ET to 08:45 ET, indicating a period of consolidation and bearish pressure. The bands widened slightly in the early part of the session, suggesting rising volatility, but then narrowed again as the trend solidified. The current midband is at ~$0.00890, and price remains well below it.

Volume & Turnover

Volume was highest during the bearish wave from 18:30 ET to 21:00 ET, with the 23:45 ET candle showing a large volume of ~663,620.3 ANKR traded. Turnover was also elevated during this period. However, as the session progressed, both volume and turnover declined, suggesting that the bearish move is losing steam. Price and volume appear to be aligned on the bearish side, with no significant divergence observed.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci level is at ~$0.00892, where price failed to hold during the morning session. The 38.2% level is at ~$0.00897, which was briefly tested during a minor rebound but not sustained. On the daily chart, the 61.8% level is around $0.00885, which appears to be acting as a support level. A break below $0.00870 would bring in the 78.6% level at ~$0.00855.

Backtest Hypothesis

A potential backtesting strategy could involve using a combination of the 20 and 50-period moving averages on the 15-minute chart to identify trend reversals and the RSI to detect overbought or oversold conditions. A long entry could be triggered when the 20 MA crosses above the 50 MA and the RSI is below 40, with a stop-loss placed below a key support level. A short entry might be considered when the 20 MA crosses below the 50 MA and the RSI exceeds 60, with a stop-loss above a key resistance level. This strategy would aim to capture short-term directional momentum while filtering out noise using RSI conditions.