Market Overview: Ankr/Tether (ANKRUSDT) on 2025-09-19

• Ankr/Tether (ANKRUSDT) declined 24-hour low of $0.01496 after forming a bearish breakdown below prior support.
• Price action shows oversold RSI conditions, but volume is weak, suggesting possible bearish continuation.
• A key support level appears to be forming near $0.01505–$0.01508, with Fibonacci 61.8% aligning with that range.
• Bollinger Bands are contracting late in the session, signaling potential volatility expansion ahead.
• MACD shows bearish divergence, reinforcing the likelihood of further downward movement in the near term.

Ankr/Tether (ANKRUSDT) opened at $0.01574 on 2025-09-18 12:00 ET and traded as high as $0.01583 before declining to a 24-hour low of $0.01496 on 2025-09-19 15:15 ET. The pair closed at $0.01506 at 2025-09-19 16:00 ET. Total volume was 90.8 million ANKR, with notional turnover of $13.8 million. The price action reflects a bearish breakout below key support levels.

Structure & Formations

Price broke below the $0.0151–$0.01508 support zone, confirming bearish bias. A bearish engulfing pattern emerged around 2025-09-19 04:15 ET as price closed at a new 24-hour low, and a doji near $0.01521 signals indecision. The 61.8% Fibonacci retracement of the previous bullish swing aligns with current support at $0.01505–$0.01508, a key level to watch for a possible bounce or breakdown.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are bearish, with price below both. The 200-period daily MA is also below the 100-period, suggesting a longer-term bearish trend. Price remains below all three moving averages, reinforcing the downtrend.

MACD & RSI

The MACD is bearish with a negative histogram, confirming downward momentum. RSI is in oversold territory around 28, but this may reflect weak buying pressure rather than a reversal signal. A failure to rebound from this level could suggest continuation of the downtrend.

Bollinger Bands

Bollinger Bands have been relatively wide for much of the session, showing elevated volatility. However, a late-session contraction between 2025-09-19 15:00 ET and 16:00 ET suggests a potential reversal or breakout could be imminent. Price has closed near the lower band, suggesting a high risk of further downside in the near term.

Volume & Turnover

Volume spiked during the breakdown to $0.01496, confirming the bearish move. However, turnover has not matched the volume increase, indicating weaker conviction in the move. A divergence between volume and price may suggest a possible exhaustion in the bearish trend, although confirmation of a reversal remains pending.

Fibonacci Retracements

Key Fibonacci levels at 38.2% ($0.01529), 50% ($0.01537), and 61.8% ($0.01505) have played a role in the recent bearish move. The 61.8% level is now acting as support, and a break below $0.01505 could trigger further losses toward $0.01496–$0.01498, with possible extension to $0.01485.

Backtest Hypothesis

The backtest strategy involves entering short positions when price breaks below the 61.8% Fibonacci level and MACD turns negative, with a stop-loss placed just above the 50% retracement. Given the current price action and technical indicators, this scenario appears to have already played out. However, the oversold RSI may create a short-term bounce, which traders should be cautious of before committing to further shorting. Position sizing and risk management are critical to avoid false breakouts and whipsaw conditions.