ANKRUSDT Market Overview: Consolidation Amid Volatility

Summary• Price consolidated between $0.0083 and $0.0087 after sharp bearish and bullish swings.• RSI hovered near 50, suggesting neutral momentum with potential for either breakout.• Volume spiked during late ET sell-off but waned in final hours.

Opening Narratives

On November 5, 2025, Ankr/Tether (ANKRUSDT) opened at $0.00868 at 12:00 ET–1, reaching a high of $0.00878 and a low of $0.00800 before closing at $0.00864 at 12:00 ET. Total volume amounted to 52.7 million ANKR, with $458,000 in notional turnover over 24 hours.

Structure & Formations

Price action showed a sharp bearish move overnight to $0.00800 before a rebound pushed ANKRUSDT back to mid-range levels. A bullish engulfing pattern formed between 03:30 and 04:00 ET as price closed above a prior bearish candle. Key support appears around $0.00845–0.00850, while resistance could test at $0.00870–0.00875.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA briefly in the early morning, suggesting a short-term bullish tilt. However, price has since retested lower, indicating potential for further consolidation. On the daily chart, ANKRUSDT remains below both the 50 and 200-day MAs, signaling a bearish bias over longer horizons.

MACD & RSI

MACD crossed into positive territory during the morning rebound, aligning with the bullish engulfing pattern. However, the signal line quickly pulled back, reflecting uncertainty in the move. RSI remained between 40 and 60 for much of the session, pointing to balanced momentum without overbought or oversold conditions.

Bollinger Bands

Volatility expanded significantly during the overnight selloff, with price hitting the lower band before bouncing. In the final hours, price settled closer to the middle band, suggesting a return to consolidation. A sustained move above the upper band may signal renewed bullish momentum.

Volume & Turnover

Turnover surged during the 20:30–21:45 ET window as price dropped to $0.00800, but faded during the subsequent rebound. Notional turnover totaled $458,000, with volume concentrated in the hours around the bearish breakout. Price-volume divergence during the recovery suggests mixed buyer sentiment.

Fibonacci Retracements

A recent swing low of $0.00800 and swing high of $0.00878 generated key retracement levels at 38.2% ($0.00843), 50% ($0.00839), and 61.8% ($0.00835). Price briefly tested the 38.2% level before consolidating lower, which may offer short-term support.

Backtest Hypothesis

The data source appears to reject ANKRUSDT queries, likely due to ticker formatting issues. To proceed with backtesting a Bullish-Engulfing strategy, we could attempt alternative ticker formats like ANKR-USDT or BINANCE:ANKRUSDT. Alternatively, if you can provide a manually extracted list of historical Bullish-Engulfing pattern dates, we can integrate it here to test performance. For now, this strategy would align with the key candlestick pattern observed between 03:30–04:00 ET, which may offer a low-risk entry if volume confirms bullish follow-through.