Market Overview for Ankr/Tether (ANKRUSDT) on 2025-10-06

• Ankr/Tether (ANKRUSDT) formed a bullish reversal pattern after a 24-hour decline, with volume picking up after 14:00 ET.
• Price found temporary support around 0.01386 and tested resistance at 0.0141–0.01414 multiple times during the session.
• RSI showed oversold conditions in the afternoon before stabilizing, suggesting short-term buyer interest.
• Volatility expanded in the evening as price moved between 0.01385 and 0.01426, indicating heightened market activity.
• Bollinger Bands contracted in the early morning, hinting at potential for a breakout in the next 24 hours.

Ankr/Tether (ANKRUSDT) opened at 0.01413 on 2025-10-05 at 12:00 ET and closed at 0.01437 on 2025-10-06 at 12:00 ET, registering a 24-hour low of 0.01385 and a high of 0.01441. Total trading volume reached 26.5 million ANKR, with notional turnover at $3.77 million, reflecting increased market participation toward the end of the session.

Structure & Formations

The price action displayed a key support level forming near 0.01386–0.0139, where ANKRUSDT found buying interest during the evening hours. A bullish harami pattern formed around 0.01403–0.01406 at 18:45–19:00 ET, signaling a potential short-term reversal. A bearish engulfing candle occurred at 18:00–18:15 ET, confirming downward momentum. Later in the session, a bullish pinbar at 06:30–06:45 ET confirmed a rejection of support near 0.01411. These formations suggest a tug-of-war between buyers and sellers, with key psychological levels at 0.01405 and 0.01420 likely to remain pivotal in the next 24 hours.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed above the price near the 07:00–09:00 ET timeframe, indicating a shift in momentum to the bullish side. The daily chart shows the 50-period MA above the 100-period MA but below the 200-period MA, suggesting that ANKRUSDT remains in a medium-term sideways-to-bullish setup with no strong bearish divergence yet. The convergence of 20- and 50-period MAs at 0.01412–0.01415 may provide a temporary line of resistance ahead.

MACD & RSI

The MACD crossed into positive territory after 07:00 ET, with a strong bullish signal forming by 09:00–10:00 ET. RSI hit oversold territory below 30 during the late evening but rebounded above 50 by 09:00 ET, indicating a short-term reversal in momentum. While RSI has yet to enter overbought territory (above 70), it has shown a healthy recovery from its low near 30. This suggests that buyers were able to regain control after a mid-session slump, with the MACD line staying above the signal line as further confirmation of bullish intent.

Bollinger Bands

Volatility was at its lowest during the early morning hours as the bands contracted around 0.0139–0.01405, setting the stage for a potential breakout. By 07:00–09:00 ET, price moved above the upper Bollinger Band and traded within a range of 0.01412–0.01426, indicating increased volatility. The current price of 0.01437 sits just below the upper band on the 15-minute chart, suggesting that traders may expect either a pullback or a continuation if the breakout holds.

Volume & Turnover

Trading volume was relatively low until around 17:00 ET, when it began to pick up. A notable spike in volume occurred during the 06:30–08:00 ET window, coinciding with a strong upward price move. The highest notional turnover occurred between 14:00 and 16:00 ET, when ANKRUSDT traded between 0.01426 and 0.01441. Despite the price rising, volume did not show a significant increase during the final 2-hour stretch, which could hint at a lack of conviction or a consolidation phase before the next directional move.

Fibonacci Retracements

Applying Fibonacci retracement to the recent 15-minute swing from 0.01385 (low) to 0.01441 (high), key levels are found at 0.01403 (38.2%), 0.01414 (50%), and 0.01425 (61.8%). The price has tested the 61.8% level multiple times, with a potential breakdown below 0.01414 likely to trigger a retest of the 38.2% and 50% levels. On the daily chart, the 38.2% level lies around 0.01413, which coincides with the 50-period MA and a previous consolidation zone, making it a likely area of focus in the next 24 hours.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions on ANKRUSDT when the price breaks above the upper Bollinger Band on the 15-minute chart, provided the 20-period MA is above the 50-period MA and RSI is above 50. A stop-loss could be placed just below the recent swing low, with a target aligned with the 61.8% Fibonacci retracement level (0.01425). This strategy would aim to capitalize on the breakout volatility seen in the last 24 hours, while filtering false signals using the MA and RSI conditions. A trailing stop could be used to lock in gains as the price moves higher, especially if the 0.01440–0.01450 area acts as a new support/resistance zone in the next session.