ANKRUSDT Market Overview for 2025-11-09

Summary
• ANKRUSDT formed a bullish reversal pattern after hitting a 24-hour low of $0.00965.
• Price surged past key resistance at $0.0099 to close near $0.00992.
• Volume increased significantly in the morning session, signaling renewed buyer interest.

Ankr/Tether (ANKRUSDT) opened at $0.00982 on 2025-11-08 at 12:00 ET and closed at $0.00992 by the same time on 2025-11-09. The pair reached a high of $0.01007 and a low of $0.00965 during the 24-hour window. The total traded volume amounted to 108,756,020.1 ANKR while the notional turnover was ~$1,077,391.

Structure & Formations

The price structure on the 15-minute chart showed a bearish breakdown followed by a bullish reversal, especially noticeable after the 04:45 ET session. A key support level formed at $0.00965, which held twice, suggesting its significance. A potential bullish engulfing pattern appeared near the $0.0098–$0.0099 range, signaling a possible short-term reversal. A doji formed at $0.00993 around midnight, indicating indecision and a potential pause in momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed near $0.00986, suggesting a bullish crossover occurred during the late-night session. On the daily chart, the 50-period MA remains below the 200-period MA, indicating the broader trend is still bearish but short-term momentum appears to be improving.

MACD & RSI

The MACD (12,26,9) crossed above zero in the early morning session and remained positive until early afternoon, suggesting bullish momentum. The histogram expanded during the 04:30–05:30 ET period, confirming strength. The RSI reached 61.8 at $0.01007, indicating overbought conditions but not yet extreme. A retest of the $0.00992 level may be necessary to gauge RSI response and potential pullback.

Bollinger Bands

The price broke out of a narrow Bollinger Bands contraction at 05:30 ET and traded near the upper band until midday. Volatility remained elevated, with the bands widening after 02:00 ET. Price closed near the middle band, suggesting consolidation ahead of a potential breakout or pullback.

Volume & Turnover

Volume spiked dramatically in the 02:30–03:30 ET period, aligning with the $0.00994–$0.00996 price range. The notional turnover mirrored volume, confirming strength. A divergence in volume appeared as price moved from $0.00997 to $0.00983 during the 03:30–04:00 ET session, hinting at weakening momentum.

Fibonacci Retracements

A key 61.8% retracement level of the 0.00965–0.01007 move lies at $0.00989, where the price consolidated briefly. A 38.2% retracement at $0.00995 acted as resistance in the early morning session. On the daily chart, a 61.8% retracement of the broader bearish move remains at $0.0104, providing a potential ceiling for near-term bullish traders.

Backtest Hypothesis

Given the observed RSI overbought conditions and bullish divergences on the 15-minute chart, a potential backtest could be structured to analyze RSI-based signals for ANKRUSDT. Using a 14-period RSI with an overbought threshold of 70 and oversold threshold of 30, a backtest could assess the effectiveness of entering long positions on RSI crosses below 30 and exiting on crosses above 70. A holding period of up to 5 days and a fixed stop-loss at 5% could be tested to evaluate profitability and risk-adjusted returns. Confirming the correct ticker format (e.g., "BINANCE:ANKRUSDT") is essential for accurate RSI retrieval and backtest execution.