Market Overview for Ankr/Tether (ANKRUSDT)

• Ankr/Tether (ANKRUSDT) closed 12:00 ET at $0.01117, down slightly from $0.01141 one day ago, with a 24-hour high of $0.01199 and low of $0.01087.
• Price formed a bearish reversal pattern near $0.01195 after a sharp midday rally, followed by a pullback to key support at $0.01115–$0.01117.
• Volatility expanded significantly during the 00:00–07:00 ET window, coinciding with a 7.7% drop in price.
• Momentum indicators suggest a potential consolidation phase, with RSI hovering near 50 and MACD converging.
• Notional turnover reached $70M at the peak, but volume distribution was uneven, indicating fragmented buying pressure.

Ankr/Tether (ANKRUSDT) opened at $0.01141 on 2025-10-13 at 12:00 ET and closed at $0.01117 at 12:00 ET on 2025-10-14. The 24-hour high was $0.01199, and the low was $0.01087. Total volume traded was approximately 55,199,133 ANKR, with a notional turnover of roughly $616,686, reflecting a mix of accumulation and distribution.

The price action over the past 24 hours reveals a volatile and fragmented market. A strong midday rally pushed ANKRUSDT to $0.01195 on 2025-10-13, but this was quickly followed by a sharp sell-off, breaking below key support levels. By 00:00 ET, the price had fallen to $0.01118 and continued declining for several hours, with volume spiking as bears gained control. The bearish pressure eased around 06:00 ET, with buyers stepping in to form a base in the $0.01115–$0.01117 range, which has now been tested twice.

A notable bearish engulfing pattern appeared at the peak of the rally, indicating a potential reversal. On the 15-minute chart, the 20-period and 50-period moving averages have both crossed below the price, reinforcing the bearish sentiment. Volatility expanded significantly during the early hours of the morning, with the 20-period Bollinger Band width increasing to 0.8% from a 0.3% contraction earlier. The price currently resides near the lower band, suggesting a period of consolidation or a potential bounce.

The Relative Strength Index (RSI) has been oscillating within the 40–60 range for the majority of the session, indicating a neutral to slightly bearish momentum phase. A brief dip near 30 at 04:00 ET signaled a temporary oversold condition, but buyers failed to commit, and the price continued to drift lower. The MACD line crossed below the signal line in the early afternoon, confirming a bearish divergence from earlier bullish momentum. Traders may watch for a retest of the $0.01195 level as a potential trigger for renewed short-term bearishness.

The Fibonacci retracement levels from the recent $0.01087 low to the $0.01195 high suggest that the current price of $0.01117 is sitting near the 38.2% retracement level. A break below this level would target the 61.8% retracement at $0.01143, which is currently acting as a key short-term resistance-turned-support. Volume activity supports this interpretation, as the $0.01117 area has seen multiple bids despite the broader bearish trend.

Backtest Hypothesis
The backtesting strategy outlined requires a valid ticker for RSI calculations. While ANKRUSDT appears to be the correct spot pair, it may lack the necessary exchange prefix or may be listed differently on specific platforms. A confirmed ticker—such as BINANCE:ANKRUSDT—will be essential for retrieving RSI values to test the “overbought” condition (RSI > 70) as a potential sell trigger. Once the correct symbol is verified, a historical backtest from 2022-01-01 to 2025-10-14 will provide insight into how frequently the strategy would have been triggered and its efficacy in capturing sell opportunities.