Market Overview for Ankr/Tether (ANKRUSDT) on 2025-09-22

• Price fell from 0.01494 to 0.01377, a 7.8% decline, pressured by bearish volume in early hours
• Key support tested at 0.0145 and 0.0140, with consolidation near 0.01385 in last 6 hours
• Volatility spiked early, then compressed, while volume remained elevated past 0.0139
• RSI and MACD show bearish momentum, suggesting potential for further downside
• Bollinger Bands reflect a recent contraction, indicating possible breakout or continuation

Opening Summary and Price Context

At 12:00 ET on 2025-09-22, the Ankr/Tether (ANKRUSDT) pair opened at 0.01494, with a session high of 0.01494 and a low of 0.01337. The close at 12:00 ET was 0.01385. Total trading volume over the 24-hour window was 129.2 million ANKR, with a notional turnover of approximately $1.88 million (at an average price of 0.0145).

Structure & Formations

The 15-minute chart reveals a bearish trend from a high of 0.01494 to a low of 0.01337, with several bearish candle formations reinforcing the downtrend. A notable bearish engulfing pattern appeared around 0.0143, while a long lower shadow at 0.01414 suggests initial rejection of further declines. Key support levels are forming around 0.0140, with a previous floor at 0.0145 showing signs of retesting as a potential pivot.

Moving Averages

Short-term moving averages on the 15-minute chart (20/50 EMA) have been bearishly aligned since the early hours, confirming the downtrend. The 50-period EMA crossed below the 100-period line in the daily chart, signaling a bearish bias in the broader timeframe. The 200-period MA is also well above current price levels, reinforcing the potential for further consolidation or a test of 0.0135.

MACD & RSI

The 15-minute MACD remains bearish, with the histogram shrinking as the pair consolidates near 0.01385. RSI is currently at 32, indicating oversold territory, though the divergence between price and RSI remains limited. This suggests that while momentum is low, buyers could enter the market around 0.0137–0.0138. A reversal from these levels may signal a short-term bounce, but a break below 0.0137 would likely confirm a continuation of the bearish bias.

Bollinger Bands

Volatility has decreased significantly following the early morning selloff. The price is now trading near the lower Bollinger band, indicating oversold conditions. A contraction in band width suggests potential for a breakout or breakdown in the near term. If the pair remains within the bands and shows no signs of divergence, it may continue to trade in a tight range for the next 24–48 hours.

Volume & Turnover

Volume spiked dramatically during the selloff in the early hours, with a single 15-minute candle printing a turnover of $6.5 million. This high volume confirms the strength of the bearish move. More recently, volume has decreased, indicating a lack of conviction among sellers. The price has remained in a tight range with moderate volume, which may suggest that the market is consolidating ahead of a potential breakout.

Fibonacci Retracements

On the 15-minute chart, the 38.2% and 61.8% Fibonacci retracement levels are now at 0.01393 and 0.01365, respectively. The price has bounced near the 0.01385 level, which is close to the 38.2% retracement. A break above this could see a retest of the 0.01393 level, but a break below would likely target the 61.8% level of 0.01365.

Backtest Hypothesis

The backtest strategy under consideration involves a mean-reversion approach triggered when RSI hits oversold levels (below 30) while the price is near the lower Bollinger Band. A long entry would be initiated with a stop-loss placed below the recent swing low. Given the current conditions—RSI at 32 and price near the lower band—this setup may provide a high-probability trade if the 0.0137–0.0138 level holds. However, a breakout below this level would invalidate the setup, suggesting the need for a flexible risk management framework.