ANKR Price Prediction: Bulls Need To Hold $0.03 Level
Not a lot has changed since our last ANKR price prediction. After tagging the 200 MA, ANKR crypto failed to reclaim it and fell back into the $0.041-$0.025 zone. The $0.05 region has been previous support which has become a huge resistance now. On the higher timeframe, the price is still maintaining the bullish market structure, but that might change soon.
Most cryptocurrencies are trading at their lowest level in 2 weeks as Bitcoin and Ethereum prices failed to reclaim key levels. Many investors took this rejection as a sell signal as they started to book their profits. You can buy ANKR by signing up on a top crypto exchange like Binance.
ANKR price has risen by 1.9% within the past 24 hrs. Currently, the price is trading at $0.035. The price appears to be heading towards the range of lows while awaiting the next Bitcoin move. On Tuesday, the biggest cryptocurrency by market cap failed to break above the Monday highs of $20,430.
According to ANKR news, Heli Protocol is the new project benefitting from the liquid staking architecture of ANKR. The feature allows the developers to leverage ANKR staking SDKs to enable staking on their respective platforms. Projects that are already using ANKR’s decentralized infrastructure include Polygon, 1inch, Optimism, AAVE, Project Galaxy and Sushiswap.
ANKR Price Prediction
Technical analysis of the ANKR USD chart shows a rejection from the confluence zone of previous support and the 200-day MA. The $0.05 region has acted as a support on many occasions but has now flipped into resistance. There have been multiple attempts to reclaim this region the price failed each time. Consequently, the value dropped by 40% and got support from the $0.035 level.
This support level perfectly aligns with the Fib golden region of 0.618-0.65 level. A daily closure below this could be very bearish. Another factor affecting the price is the negative price action from Bitcoin and Ethereum.
A long-term ANKR price prediction depends on bulls’ ability to reclaim the $0.05 level. Nevertheless, the on-balance volume and Fib confluence point towards another retest of the $0.048-$0.05 level. The stop loss for this swing trade must be kept around $0.0306. A breakdown below this level would break the bullish market structure, marking a lower low on 1D timeframe.