Market Overview: Ankr/Tether (ANKRUSDT) 24-Hour Technical Snapshot

• Price swung between $0.0097–$0.0101, with a late rally toward $0.01011 before consolidating.
• Momentum indicators suggest moderate overbought levels in the early session, but diverged later in the day.
• Volatility expanded during the peak rally, while volume spiked in the 20–22:00 ET timeframe.
• A potential bullish engulfing pattern emerged at $0.00993–$0.01006 on 2025-11-02 00:00–01:30 ET.
• Price closed near the 20-period SMA on the 15-minute chart, indicating mixed near-term sentiment.

Ankr/Tether (ANKRUSDT) opened at $0.00993 on 2025-11-01 12:00 ET, surged to a high of $0.01011, and settled at $0.01006 as of 2025-11-02 12:00 ET, with a 24-hour low of $0.0097. The total volume traded was ~29,214,821 ANKR, and the notional turnover came in at approximately $291,313. The price action suggests a mix of accumulation and profit-taking, especially during the early morning and midday hours.

Structure & Formations

The 15-minute chart showed a key support level forming around $0.00992–$0.00997, with price bouncing back multiple times from this zone. A small bearish divergence was observed on the RSI during the decline from $0.01006 to $0.00998, suggesting weakening momentum. The most notable pattern was a bullish engulfing candle on 2025-11-02 at 00:00–00:30 ET, indicating a shift in sentiment to bullish after a long bearish session. A potential key resistance level appears to be forming near $0.01006–$0.01008, where price stalled on multiple occasions.

Moving Averages

On the 15-minute chart, the 20-period SMA was near $0.01000, and the 50-period SMA was slightly above at $0.01002 as of 12:00 ET. Price closed near the 20SMA, indicating mixed near-term sentiment. On the daily chart, the 50-period SMA sits at $0.00995, while the 200-period SMA is near $0.00990, suggesting a slightly bullish bias in the longer-term context. Price remains above the 100-period SMA at $0.00993, which could provide some near-term support.

MACD & RSI

The MACD line crossed above the signal line early in the session, indicating bullish momentum, but later crossed back below by late morning, signaling a potential reversal. RSI hit overbought territory (above 60) at $0.01006 during the late morning but drifted back toward neutral levels by the afternoon. A divergence between RSI and price during the decline from $0.01006 to $0.00998 may signal weakening bearish conviction, though confirmation is needed.

Bollinger Bands

Volatility expanded during the peak rally in the 20–22:00 ET window, with the upper band reaching $0.01011. Price remained near the upper band during that time, suggesting strong buying pressure. Later, price moved closer to the middle band and tested the lower band briefly in the 03:30–04:00 ET window. The narrowing of the bands in the early morning (22:00–00:15 ET) hinted at a possible breakout, which partially materialized toward $0.01006.

Volume & Turnover

Volume spiked during the 20–22:00 ET rally, with a peak of ~2.9 million ANKR traded in the 20:45–21:00 ET window, aligning with the push toward $0.01011. The highest turnover (~$30,000) occurred in the same period, confirming the move higher. In the afternoon and evening, volume declined sharply, suggesting reduced conviction in either direction. A bearish divergence in volume during the decline from $0.01006 to $0.00998 implies weaker bearish momentum.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing from $0.00992 to $0.01006, price tested the 38.2% level at $0.00997 during the morning and found support at the 61.8% level near $0.00998 during the afternoon. These levels may act as key pivots in the coming session, especially if price revisits the $0.00993–$0.00997 range.

Backtest Hypothesis

The backtesting strategy described suggests a short-side approach triggered by divergences in the RSI and a breakdown below key moving averages, particularly the 20-period SMA on the 15-minute chart. This could be tested on past data from 2022-01-01 to 2025-11-02, using stop-loss levels at the 61.8% Fibonacci retracement and exit triggers at the 20SMA. The current RSI divergence and bearish volume trend align with potential entry signals for such a strategy, especially if price breaks below $0.00998–$0.00993. The strategy's success would depend on confirming price action after the breakout and maintaining tight risk management.