Market Overview for Ankr/Tether (ANKRUSDT)

• ANKRUSDT traded in a tight range, with price consolidating between $0.01008 and $0.01038.
• Momentum indicators suggest neutral to bearish bias, with RSI hovering around mid-40s.
• Volatility expanded during Asian hours, followed by a consolidation phase after the $0.01031 high.
• Volume spiked during the $0.01031–$0.01028 correction, hinting at short-term profit-taking.
• Price remains above key 50-period MA on the 15-minute chart, suggesting potential for a test of the $0.01035–0.01040 zone.

Opening Snapshot and Context

Ankr/Tether (ANKRUSDT) opened at $0.01022 on 2025-10-23 at 12:00 ET and closed at $0.0102 at 12:00 ET on 2025-10-24. The price hit a 24-hour high of $0.01038 and a low of $0.01008. Total volume for the 24-hour period was 196,867,343.2 units, with a notional turnover of approximately $1,968,673.43. The pair has shown a bearish bias overall despite a brief breakout in the early hours of the session.

Structure and Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have both flattened out, indicating a period of consolidation. Price action has been largely within the $0.01015–$0.01032 range, with the 50-period MA acting as a dynamic support at $0.01020. The daily timeframe shows the 50-period MA at $0.01024 and 200-period MA at $0.01026, suggesting a slightly bearish bias in the broader context.

A bearish pinocchio bar formed during the early morning hours (05:45–06:00 ET) at $0.01032, followed by a series of shrinking bodies in the mid-morning, which may indicate a potential reversal to the downside. The $0.01020–0.01025 zone has been a recurring support, with price bouncing back up three times within this 24-hour period.

Indicators and Volatility

The 20-period MACD has been hovering around the zero line, with a weak bearish crossover observed late in the day. RSI remains in the 40–50 range, suggesting a neutral bias and no overbought or oversold conditions. Bollinger Bands widened during the Asian session but have since contracted, signaling a decrease in volatility and a possible continuation of the consolidation phase.

Notable divergence was observed between price and volume during the $0.01031–$0.01028 pullback, where volume spiked but price failed to break higher. This may indicate a lack of conviction among buyers. Fibonacci levels from the $0.01008–0.01038 swing suggest that key support is at $0.01022 (61.8%) and $0.01020 (78.6%), with resistance at $0.01031 (38.2%).

Backtest Hypothesis

Given the mixed signals from candlestick patterns and technical indicators, a backtest for the Doji Star pattern on ANKRUSDT could yield valuable insights. The absence of Doji data from the initial query suggests that the ticker format may not align with the data source’s requirements. A logical step would be to retry with the more explicit format “BINANCE:ANKRUSDT,” as this format is widely recognized across platforms. Alternatively, we could use the provided OHLCV data to detect Doji patterns locally and then simulate a trade based on the pattern’s formation. A potential entry rule might include a short entry after a confirmed Doji with bearish confirmation, or a long entry after a bullish confirmation. This could be backtested over the 24-hour window to assess its viability in this low-volatility environment.