Market Overview for Ankr/Tether (ANKRUSDT): Volatility, Breakouts, and Reversals

• Price surged from $0.01341 to $0.01396 before retracing to $0.01321
• Strong momentum seen midday, followed by sharp sell-off in final 4.5 hours
• Volume spiked during the sell-off, indicating capitulation behavior
• RSI oversold below 30, Bollinger Bands contraction indicates low volatility

Ankr/Tether (ANKRUSDT) opened at $0.01345 on 2025-10-09 12:00 ET and reached a high of $0.01396 before closing at $0.01321 at 12:00 ET on 2025-10-10. The 24-hour price range was $0.0131–$0.01396. Total volume amounted to 12,899,562.8, with notional turnover of $166,854.82, reflecting a mix of consolidation and sharp reversals.

Structure & Formations

ANKRUSDT formed multiple bullish and bearish candlestick patterns during the 24-hour period, including a bullish engulfing pattern near $0.01370 and a bearish evening star pattern as it closed at $0.01321. A doji appeared at $0.01381, indicating indecision. Key support levels are at $0.01339 and $0.01310, while resistance is at $0.01394 and $0.01396.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed upward during the morning before reversing sharply in the afternoon. The 50-period MA held at $0.01383 as a key resistance. On the daily chart, the 200-period MA at $0.01367 appears to have acted as a support, though the price failed to hold above it.

MACD & RSI

The MACD turned bearish in the afternoon as the sell-off accelerated, with the histogram shrinking and moving below the signal line. RSI dropped below 30 into oversold territory near the close, suggesting a potential short-term rebound. However, the divergence between price and RSI indicates caution for bullish bounces.

Bollinger Bands

Bollinger Bands showed a contraction midday before expanding during the sell-off. Price closed at $0.01321, near the lower band, signaling heightened volatility and a possible rebound. The mid-band hovered around $0.01360–$0.01365, acting as a psychological floor during earlier parts of the day.

Volume & Turnover

Volume spiked sharply during the sell-off in the afternoon and evening, with over 6 million tokens traded in the last two 15-minute intervals. Notional turnover aligned with volume during the downtrend. However, the divergence between price and volume near the close suggests a lack of conviction in the bearish move.

Fibonacci Retracements

Fibonacci levels drawn from the $0.01310 low to $0.01396 high showed key retracements at $0.01366 (38.2%) and $0.01335 (61.8%). Price held at the 61.8% level before breaking through in the final hours. On the 15-minute chart, retracements at $0.01367–$0.01369 were tested multiple times during consolidation periods.

Backtest Hypothesis

A backtest strategy could focus on identifying bullish engulfing patterns in conjunction with RSI crossing above 30, as seen near $0.01370. These conditions, when paired with volume confirmation and a price above the 20-period moving average, may signal a high-probability short-term reversal. A trailing stop below the doji at $0.01381 could help manage risk during potential pullbacks.