ANKRUSDT Market Overview: 2025-11-13

• Ankr/Tether (ANKRUSDT) drifted lower on a bearish bias in the 24-hour period.
• Key support tested at $0.00943 amid bearish momentum and declining volume.
• Volatility remained narrow, with price consolidating within Bollinger Bands.

Ankr/Tether (ANKRUSDT) opened at $0.00964 on 2025-11-12 at 12:00 ET and closed at $0.00925 on 2025-11-13 at the same time. The 24-hour high reached $0.00974, while the low dropped to $0.00922. The total volume for the period was 46,022,600.01, and the notional turnover amounted to approximately $428,212. The price action suggests a continued bearish trend with limited short-term reversal potential.

Structure and formations show a bearish consolidation, with key support levels forming at $0.00943 and $0.00953. Resistance remains at $0.00965, where multiple failed bullish attempts were observed. A bearish engulfing pattern formed on the 15-minute chart at the end of the session, suggesting further downside could be in play. A doji near $0.00950 also signals indecision among buyers and sellers in that price range.

On the 15-minute chart, the 20-period and 50-period moving averages both trend lower, with the 20 SMA pulling below the 50 SMA, signaling bearish momentum. On the daily chart, the 50-, 100-, and 200-day MAs also trend south, with price trading below all three. This confirms that the asset remains in a medium-term downtrend, with no clear signs of reversal at this stage.

The RSI stands at a bearish 28, signaling oversold conditions, but without a strong rebound, this may indicate a continuation of the downtrend rather than a reversal. MACD remains negative with a bearish crossover, supporting the view that selling pressure is dominant. Price remains within the Bollinger Bands, but near the lower band, indicating low volatility and potential for a bounce—though bearish momentum suggests a bearish continuation is more probable.

Volume saw a notable spike at the end of the session, particularly around the 17:00 ET close, with price dropping to a 24-hour low. However, the volume did not confirm a strong bearish move, as it remained moderate compared to earlier intraday sessions. Notional turnover also saw a modest increase at the close, but without a corresponding price reaction, this may indicate order thinning or profit-taking. No clear divergence between volume and price was observed, suggesting the bearish trend is still intact.

Fibonacci retracement levels for the most recent 15-minute swing (from $0.00974 to $0.00922) highlight 38.2% at $0.00950 and 61.8% at $0.00937. These levels have acted as short-term resistance and support, respectively. On the daily chart, the 38.2% retracement of the larger move (from a recent high) aligns with $0.00965, while the 61.8% is at $0.00943. These levels may become key areas to watch for near-term price action.

The backtest hypothesis examined a mean-reversion strategy based on RSI oversold levels, with an entry threshold of RSI < 30 and a 14-day holding period. Despite occasional strong rebounds with returns up to +55%, the strategy delivered a total return of –38.3% over the analysis period (2022–2025). The average trade returned +0.78%, with a wide dispersion between average gains (+15.4%) and average losses (–14.6%). The Sharpe ratio of 0.07 suggests poor risk-adjusted performance.
This underperformance may be attributed to the bearish macro environment and frequent false signals in a sideways or downward-trending market. Tightening the RSI entry threshold to below 25 or adding trend filters (e.g., price above 200-day MA) could reduce whipsaw trades. A stop-loss mechanism (e.g., –10%) or trailing stop may also improve risk management and reduce drawdowns. Preliminary results indicate that shorter holding periods (7–10 days) might better capture mean-reversion bursts and avoid late-stage sell-offs.