Market Overview for Ankr/Tether (ANKRUSDT) – 2025-10-04

• Ankr/Tether (ANKRUSDT) declined 0.76% over 24 hours, closing at 0.01431 after a sharp drop in early ET.
• Momentum weakened as RSI fell below 50, signaling bearish bias with no clear oversold conditions.
• Volatility remained moderate, with Bollinger Bands tightening toward the end of the day.
• Volume surged in early ET but faded, showing declining conviction in the price move.

24-Hour Summary and Price Context

At 12:00 ET on 2025-10-04, Ankr/Tether (ANKRUSDT) opened at 0.01442, reached a high of 0.01458, touched a low of 0.01420, and closed at 0.01431. Total volume for the 24-hour window was approximately 34.1 million ANKR, with a notional turnover of $493,813. The price action reflects a bearish trend after a brief recovery attempt, suggesting potential continuation of downward momentum.

Structure & Formations

The 24-hour chart shows a distinct bearish structure with multiple rejection levels observed near 0.01450, forming a resistance cluster. A notable bearish engulfing pattern emerged around 17:00 ET as the price dropped sharply from 0.01456 to 0.01440. A long-bodied bearish candle at 19:30 ET confirmed the breakdown of this key level. Support levels appear to be forming around 0.01430–0.01425, with a doji at 00:30 ET signaling possible indecision.

Technical Indicators and Momentum

The 15-minute RSI has been trending downward, dipping below 50 and currently hovering near 45, indicating a weakening bullish momentum. The MACD line crossed below the signal line in early ET, reinforcing the bearish bias. No significant overbought or oversold conditions were observed. The 20-period and 50-period moving averages on the 15-minute chart are converging downward, confirming the short-term bearish trend.

Bollinger Bands showed a contraction during the overnight hours, narrowing between 0.01425 and 0.01445. The price broke out of the lower band during a sharp decline, suggesting increased volatility and a potential continuation of the bearish trend.

Volume and Turnover Insights

The volume profile showed a sharp spike in early ET with over 4.5 million ANKR traded, coinciding with the price decline from 0.01456 to 0.01440. As the price continued to fall, the volume trended downward, reaching a trough during the overnight hours. This divergence between price and volume suggests weakening conviction in the bearish move. Notional turnover mirrored this pattern, peaking at around $28,000 before tapering off.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing between 0.01415 and 0.01458, key levels at 0.01442 (38.2%) and 0.01435 (61.8%) were tested multiple times. The 61.8% retracement level at 0.01435 acted as a minor support, with the price bouncing slightly but ultimately continuing its decline. On the daily chart, Fibonacci levels from a recent high of 0.01460 to a low of 0.01410 also point to 0.01430 as a potential support zone.

Backtest Hypothesis

Given the observed bearish patterns and the RSI’s weakening trend, a potential backtesting strategy could involve shorting upon the confirmation of a bearish engulfing pattern or a breakdown below the 0.01440 level, with a stop-loss placed above 0.01450. A target could be set at the next Fibonacci level of 0.01425, supported by recent volume behavior and Bollinger Band contraction. A trailing stop could help capture continued momentum in case the trend persists.