ANKRUSDT Market Overview: 24-Hour Technical Summary

Summary
• Ankr/Tether traded in a tight range with key resistance forming around $0.00886–0.0089.
• Momentum indicators show mixed signals; RSI suggests slight oversold conditions.
• Volatility dipped mid-day but expanded as the session closed, with high-volume consolidation.
• A bullish engulfing pattern formed near the session low, hinting at potential support.
• Bollinger Bands indicate mild volatility expansion, with price hovering near the upper band at the close.

Market Overview for ANKRUSDT

ANKRUSDT opened at $0.00878 on 2025-11-05 at 12:00 ET, reached a high of $0.00900, dipped to a low of $0.00852, and closed at $0.00857 at 12:00 ET on 2025-11-06. The total 24-hour trading volume was 20,071,358.1 ANKR, while the notional turnover amounted to approximately $170,604. Traders observed a volatile close after a session marked by choppy price swings and volume spikes.

The 15-minute chart revealed a key resistance cluster around $0.00886–0.0089 and a potential support zone forming near $0.00872–0.00875. A bullish engulfing pattern emerged during the late morning hours as prices rebounded from a short-term low of $0.00852, suggesting buying pressure. This is reinforced by the RSI dipping into oversold territory, potentially signaling a corrective rally.

Moving Averages and Momentum

On the 15-minute timeframe, the 20-period and 50-period moving averages showed a narrowing gap, indicating a potential consolidation phase. The MACD remained in negative territory, with a narrowing histogram suggesting fading bearish momentum. However, the RSI hovering near the 30 level implies potential short-term buying interest, particularly if prices test the key support area.

Volatile Close and Volume Divergence

The final hours of the session saw a sharp drop to $0.00852 followed by a rapid rebound to $0.00857. This was accompanied by a noticeable volume spike of over 2 million ANKR during the 16:00–16:15 ET candle. Notably, notional turnover also surged, suggesting meaningful participation, though the price failed to hold above the $0.0086 level. Divergences between volume and price action in the final hour raise questions about the sustainability of the rebound.

Key Levels and Fibonacci Retracements

The most recent 15-minute swing saw a 61.8% Fibonacci retracement level at $0.00867, which coincided with a short-term support zone. On the daily timeframe, the 50-day moving average currently lies near $0.00878, suggesting a potential pivot point for the coming session. A break below $0.00863 could see prices test the 61.8% level at $0.00854, potentially triggering a deeper correction.

Bollinger Bands and Volatility

Bollinger Bands expanded during the late session, indicating rising volatility. Prices moved close to the upper band during the 17:00–17:15 ET candle, then fell back near the lower band by the close. This suggests a potential overbought condition at the upper band and a possible bounce from the lower band during the next session.

Backtest Hypothesis

Given the mixed momentum indicators and divergent volume patterns observed during the final hour, a backtest could explore a breakout strategy targeting the $0.00872–0.00875 support zone. A long entry could be triggered on a bullish reversal candle with strong volume confirmation. Stop-loss placement would be below the 61.8% Fibonacci level at $0.00854, while a target could be set at the 38.2% retracement at $0.00872–0.00878. This approach would need to be tested over multiple similar candlestick setups to confirm its reliability in the ANKR/USDT pair.