Market Overview for Ankr/Tether (ANKRUSDT) - 2025-11-11

Summary
• ANKRUSDT opened at $0.00984 and closed at $0.01045, with a 24-hour range of $0.00973 to $0.01138.
• Total volume reached 248,281,193.8 with $2,498,898.25 in notional turnover.
• Momentum picked up in late morning, breaking above key resistance before consolidation.

Market Movement and Structure

Ankr/Tether (ANKRUSDT) opened at $0.00984 and closed the 24-hour period at $0.01045, forming a bullish breakout pattern in the last 15 minutes of the cycle. The price saw a sharp rally in the 8:30–9:00 ET timeframe, with a high of $0.01138. This breakout was supported by a large volume spike of 108,578,438.7, reinforcing the move. A key resistance at $0.0107 was tested and cleared, suggesting a possible continuation toward $0.0115.

Moving Averages and Volatility

The 20-period and 50-period moving averages on the 15-minute chart show a strong upward trend, with the price consistently above both, confirming bullish momentum. The 20-period MA crossed above the 50-period MA in the early morning, forming a "golden cross" on shorter timeframes. Bollinger Bands reflect increasing volatility during the breakout phase, with price closing near the upper band at $0.01045, indicating a high-risk, high-reward profile for the near-term.

Momentum and Key Levels

The 14-period RSI reached a peak of 78 near the breakout, signaling overbought conditions. However, price did not retrace strongly, suggesting strong buying interest. A critical support level is forming around $0.0102–$0.0103, which has held during consolidation periods. The 61.8% Fibonacci retracement of the day’s range is at $0.0107, aligning with the breakout level, offering a strategic target for continuation.

Backtest Hypothesis
To test the strength of the breakout, we could apply a strategy centered on confirming the pattern with a 20/50 EMA crossover on the 15-minute chart and a clear break above the $0.0107 resistance level. Entry could occur at the close of the candle that clears the resistance with volume above 10 million, and a stop-loss could be placed below $0.0102. Targets might include the next Fibonacci level at $0.0108 and the upper Bollinger Band. This setup could be backtested over the last 3 years to assess win rate and risk-reward ratios.