Summary
• Price consolidates between 0.00763 and 0.00770 after a bullish breakout in the final 4 hours.
• Volume spikes near session high confirm strength, while RSI suggests moderate momentum.
• Bollinger Band contraction early in the session hinted at potential volatility expansion later.
• No clear bearish divergence seen, but buying interest appears to wane near 0.00775.
Key Session Metrics
Ankr/Tether (ANKRUSDT) opened at 0.00762, traded as high as 0.00776, and as low as 0.00748 before closing at 0.00770. Total volume amounted to 108.9 million, while notional turnover reached $825,000 over the 24-hour window.
Structure & Formations
Price action formed a bullish breakout pattern from a descending triangle after consolidating between 0.00763 and 0.00770.
A key support level at 0.00765 appears intact, with a 50-period moving average crossing above the 20-period line in the final hours. No strong bearish reversal patterns emerged, though a long-legged doji at 0.00771 suggests hesitation in buyers.
Volatility & Momentum
Bollinger Bands showed a moderate contraction in the first 8 hours, followed by a widening phase aligned with the final breakout. RSI climbed into the 55–60 range, indicating moderate bullish momentum without overbought conditions. MACD turned positive in the afternoon, suggesting renewed buying pressure.
Volume and Turnover Analysis
Volume increased steadily from 15:00 ET onward, especially around the session high of 0.00776, where a 5-minute candle recorded $235,000 in turnover. However, volume dipped slightly in the last 2 hours despite continued price consolidation, hinting at reduced conviction among large buyers.
Volatility Expansion and Fibonacci Levels
The 0.00776 high marked a 38.2% Fibonacci retracement from the earlier decline, which appears to have been a key trigger for buyers. Price has since held above the 0.00765 level, which now acts as a dynamic support. The next major resistance is likely at 0.00775, where an extended bullish candle recorded earlier in the session may trigger further follow-through buying.
Market dynamics suggest a short-term bullish bias with support around 0.00765 and resistance near 0.00775. Price may attempt a test of the 0.00775–0.00776 range in the next 24 hours, though a reversal below 0.00765 could trigger renewed consolidation. Investors should watch for volume confirmation and divergences in RSI for early reversal cues.
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