ANKRUSDT Market Overview: Volatility and Momentum Build in Final Hours

Summary
• Price surged 5.2% on strong volume, forming a bullish engulfing pattern after midday ET.
• RSI pushed into overbought territory, while Bollinger Bands widened, indicating rising volatility.
• Turnover spiked in the final 6 hours, with price consolidating near the upper band in the last 3 hours.

Ankr/Tether (ANKRUSDT) opened at $0.0064 on December 21 at 12:00 ET and closed at $0.00656 by December 22 at 12:00 ET, with a high of $0.00662 and a low of $0.00636. Total volume traded was 10.86 million, with notional turnover of approximately $69.5k.

Structure & Formations

The price formed a key bullish engulfing pattern during the early ET session, with a strong close above a recent 5-minute high. A potential support level formed around $0.00644–$0.00645, which held during several pullbacks. A doji appeared around $0.00641, suggesting indecision before a renewed rally.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart both trended higher, aligning with the bullish bias. RSI reached 74 during the final 3 hours, signaling overbought conditions. MACD showed a strong positive crossover and maintained bullish momentum throughout the session.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly as the price surged toward the upper band in the last 6 hours of the period. Price action near the upper band suggests heightened volatility and potential continuation or a near-term reversal.

Volume and Turnover

Volume surged past 600k in multiple 5-minute intervals, particularly between 14:30–15:30 ET. Turnover increased in tandem, confirming the strength of the rally. No significant divergence between price and turnover was observed.

Fibonacci Retracements

The recent 5-minute swing from $0.0064 to $0.00662 saw the price retesting key 38.2% and 61.8% levels with bullish continuation. The 61.8% retracement at $0.00653 held as support, and the price pushed past it into overbought territory.

The market appears to be in a consolidation phase ahead of a potential breakout. Traders may watch for a sustained break above $0.00662 or a pullback below $0.00644 to determine the next directional move. Investors should remain cautious, as overbought conditions and high volatility could lead to short-term corrections.