ANKRUSDT Market Overview – 24-Hour Analysis (2025-10-04)

• Price declined from a 15-minute high of $0.01458 to a low of $0.01365, closing near the daily low.
• Momentum shifted from bullish to bearish, as RSI dropped below 50 and MACD turned negative.
• Volatility expanded, with Bollinger Bands widening as the pair moved into a key Fibonacci support zone.
• Volume surged during the late-night sell-off, confirming bearish sentiment and price breakouts.
• A large red candle on the daily timeframe suggests further downside could be in play in the near term.

Ankr/Tether (ANKRUSDT) opened at $0.01442 on 2025-10-03 at 12:00 ET, reached a high of $0.01458, and closed at $0.01388 by 12:00 ET on 2025-10-04. The total 24-hour trading volume was 10,765,870.2, with notional turnover amounting to $156,199.2. The pair traded in a descending wedge pattern, breaking below key intraday resistance levels.

Structure & Formations

Over the past 24 hours, ANKRUSDT exhibited a clear bearish bias with a large red candle forming on the daily chart following a sharp decline in the latter part of the session. A key intraday high at $0.01458 acted as resistance, and its failure to hold confirmed a breakdown in bullish momentum. A notable bearish engulfing pattern formed at $0.01456, followed by a doji at $0.0144, signaling exhaustion of buyers. Support was tested at $0.0143 and again at $0.0140, with the latter holding briefly before the price dropped further. A 15-minute swing low at $0.01365 marks a potential short-term support level.

Moving Averages

On the 15-minute chart, the 20-EMA has crossed below the 50-EMA, reinforcing the bearish sentiment. The 50/100/200 EMA alignment on the daily chart shows a steepening bearish slope, with the price trading below all three. This suggests that the downtrend remains intact and that short-term bounces may lack conviction unless a retest and close above the 50 EMA occurs.

MACD & RSI

MACD turned negative and is below zero, with the signal line following closely behind, indicating weakening momentum. The histogram has turned bearish. RSI has dropped below 50 and is trending toward oversold territory, currently at around 34. This suggests that the bearish move may be overextended, but without a clear reversal pattern, the decline could continue for now.

Bollinger Bands

Bollinger Bands have widened during the session, indicating increased volatility. The price has moved well below the lower band in the last 4 hours, signaling a strong bearish move. This widening may continue if the bearish trend persists, but a reversal could trigger a tightening of the bands and a potential bounce.

Volume & Turnover

Volume increased significantly during the late-night sell-off, with the highest volume candle occurring at 03:30 ET, where the price dropped from $0.01414 to $0.01406. Notional turnover spiked as well, confirming the bearish action. There were no notable divergences between price and volume, but the declining price matched the rising volume, suggesting strong conviction in the bearish move.

Fibonacci Retracements

Fibonacci retracement levels on the 15-minute swing from $0.01458 to $0.01406 show the price currently trading near the 76.4% level at around $0.01365. On the daily chart, the price is close to the 61.8% Fibonacci level of $0.01382, a critical support area. A break below $0.01365 could target the next Fibonacci level at $0.01355.

Backtest Hypothesis

A potential backtest strategy could involve entering a short position when the price breaks below the 15-minute 50-EMA with confirmation from a bearish engulfing candle and a closing below the 61.8% Fibonacci level. A stop loss could be placed just above the 15-minute high of the breakout candle, while the target would aim for the next Fibonacci level. Given the current alignment of the 50/100/200 EMA lines and the bearish MACD, this strategy could offer favorable risk-reward ratios in the next 24–48 hours. However, any bullish reversal signs, such as a strong rejection at $0.01365 or a bullish divergence in RSI, could invalidate the setup.