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

• Ankr/Tether (ANKRUSDT) closed near the high of the 24-hour range, indicating moderate bullish pressure.
• Price dipped to a 24-hour low near $0.01015 but regained nearly all losses in the final hours.
• Volatility increased after 4 PM ET as price broke out of a consolidation range.
• Volume surged in the last 4 hours, confirming the late rally.
• RSI remains in neutral territory, with no overbought or oversold signals detected.

Ankr/Tether (ANKRUSDT) opened at $0.01047 on October 11 at 12:00 ET and closed at $0.01083 on October 12 at the same hour, with a high of $0.01082 and a low of $0.01015. Total 15-minute OHLC data shows a late bull run from ~$0.0103 to ~$0.01083. The total volume traded in the 24-hour period was approximately 64.4 million tokens, with a notional turnover of $6.85 million.

The price action displayed a key consolidation pattern between $0.0103 and $0.0106 for most of the day, punctuated by a decisive breakout in the late hours. This was supported by rising volume and price action above the 20-period and 50-period moving averages, indicating a short-term bullish shift. A bullish engulfing pattern emerged after 3 PM ET, confirming the trend reversal.

Structure & Formations

Price found immediate support around $0.01035 and $0.01015, with a potential resistance forming near $0.01082–$0.01086. A strong bearish divergence in the mid-day hours led to a doji formation near $0.01026, which was later negated by a bullish candle in the 15-minute timeframe. A key consolidation pattern from $0.01019 to $0.01059 was finally broken to the upside, suggesting short-term momentum may favor buyers.

Moving Averages

On the 15-minute chart, price crossed above both the 20-period and 50-period moving averages by the last 6 hours of the 24-hour window. The 50-period MA acted as a dynamic support between $0.01029 and $0.01035, with the 20-period MA trailing closely behind. In the daily context, the 50-period MA is positioned at $0.01053, while the 200-period MA is at $0.01041, suggesting a neutral to mildly bullish setup for the next 24 hours.

MACD & RSI

The MACD histogram expanded positively in the final 4 hours, indicating strong upward momentum. RSI rose from ~48 to ~56 over the same period, staying within neutral territory. No overbought or oversold conditions were observed. A potential bearish crossover occurred midday but was negated by the late rally. The MACD crossover itself shifted from negative to positive in the last 2 hours.

Bollinger Bands

Bollinger Bands showed a moderate widening in the last 4 hours, indicating rising volatility. Price closed above the upper band at $0.01082, suggesting a short-term overbought condition. The consolidation pattern earlier in the day was marked by a contraction in the bands, followed by an explosive move out of that range.

Volume & Turnover

Volume spiked sharply from ~1.1 million to ~13.9 million in the last 4 hours, aligning with the price breakout. Notional turnover increased from ~$0.1 million to ~$1.5 million in this period. A divergence was observed between price and volume in the midday hours, with price falling but volume rising—suggesting potential short-term bearish pressure. However, this was quickly reversed by the late bull move.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing low at $0.01015 and high at $0.01082, price is currently near the 78.6% retracement level at $0.01077. Key support levels lie at the 61.8% ($0.01059) and 38.2% ($0.01043) levels. Resistance is expected around the 100% extension at $0.01089 and potentially the $0.0110 level if the trend continues.

Backtest Hypothesis

Given the recent price behavior and technical setup, a potential backtesting strategy could focus on breakout trades above the $0.0105–$0.0106 consolidation range. This aligns with the observed bullish engulfing pattern and increasing volume in the final hours. A long entry could be triggered with a stop-loss below the 20-period MA and a target at the 61.8% Fibonacci level. A trailing stop could be used to lock in profits as the trend extends. This strategy could be backtested for effectiveness over the past 60 days, adjusting for varying volatility and volume profiles.