Market Overview for Ankr/Tether (ANKRUSDT)

Summary
• Price action shows consolidation with a minor breakout attempted during early ET hours.
• RSI and MACD hint at waning bullish momentum and possible bearish reversal.
• Volatility expanded in the overnight session, with volume peaking near $3.4M.

Ankr/Tether (ANKRUSDT) opened at $0.00998 on 2025-11-09 at 12:00 ET and closed at $0.01 by 12:00 ET on 2025-11-10. The pair reached a high of $0.01011 and a low of $0.00972 over the 24-hour period, with a total traded volume of ~198.6 million ANKR tokens and a notional turnover of approximately $19.8 million.

Structure & Formations

Price action over the 24-hour period formed a bearish consolidation pattern, with key support observed near $0.0099 and a strong resistance at $0.0101. A long-bodied bearish candle closed the session, signaling potential bearish exhaustion in the short term. A hanging man pattern appeared near the high of the session, suggesting a possible top formation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bearish crossover late in the session, reinforcing a potential downtrend. On the daily chart, the 50-period MA crossed above the 100-period MA earlier in the week, but recent price action has tested the 50-period MA, hinting at potential bearish pressure.

MACD & RSI

The MACD line showed a bearish crossover in the final hours, while the histogram displayed a declining volume of bullish momentum. RSI reached overbought territory during the overnight hours but has since corrected into neutral to slightly oversold territory, suggesting a potential short-term bounce may be near.

Bollinger Bands

Bollinger Bands expanded overnight as volatility increased, with price reaching the upper band before retreating. By the end of the session, price was trading near the middle band, with the lower band sitting at ~$0.00985. This suggests a tightening of volatility and a possible retest of the lower band in the near term.

Volume & Turnover

Volume surged to ~3.4 million ANKR tokens during the session high, with notable divergence in notional turnover. Price failed to sustain the breakout despite strong volume, which may indicate bearish exhaustion. However, the divergence suggests traders may be preparing for a reversal.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute high-low swing from $0.00986 to $0.01011, key levels include 38.2% at $0.01001 and 61.8% at $0.00996. Price closed near the 61.8% level, suggesting short-term support is likely to hold in the next 24 hours.

Backtest Hypothesis
Given the recent RSI correction into oversold territory and the formation of a possible top pattern, a strategy-style backtest could be built using “RSI < 30” as an entry signal on a 20-period RSI. Holding periods of up to 10 days may allow for a measured bounce, especially if price retests key Fibonacci and Bollinger levels. Additional stop-loss rules could be added if volatility spikes again, but the current environment appears conducive to a limited-position, time-bound strategy. This aligns with the bearish exhaustion seen in the 15-minute chart and the divergence in volume.