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ANKR Price Prediction: Rejection From 200MA No Bueno

Our last ANKR price prediction has played out exactly as predicted. ANKR crypto faced a brutal rejection from the likely resistance that we presented in our last article. The confluence of the 200-day moving average made the $0.05 region even more critical. Nevertheless, on the higher timeframe, the price is still maintaining the bullish market structure.

Crypto markets have been in a downtrend once again since last week as Bitcoin and Ethereum prices failed to reclaim key levels. The investors took this as a massive sell signal as they rushed to book profits. You can buy ANKR by signing up on top crypto exchanges like Binance, BYBIT and Kucoin.

ANKR price has lost 2.1% within the past 24 hrs. At the time of writing, the price is trading at $0.04. As Most altcoins are retesting their supports while awaiting the next Bitcoin move. Despite several attempts, the biggest cryptocurrency by market cap has failed to break above the Monday highs.

According to ANKR news, the much-awaited staking feature is live now. The protocol would allow the developers to leverage ANKR staking SDKs to enable staking on their respective platforms. Many projects have recently moved to use ANKR’s decentralized infrastructure. These include Polygon, 1inch, Optimism, AAVE, Project Galaxy and Sushiswap.

ANKR Price Prediction

A look at the ANKR coin chart shows a clear rejection from the red box. The $0.05 region has acted as a support on many occasions but has now become resistance. The price tried to reclaim this level multiple times but 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 reason for a collapse could be the negative price action of Bitcoin and Ethereum.

A long-term ANKR price prediction depends on the price reclaiming 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.

ANKR Daily Chart

Technical analysis of ANKR price chart (1D).
ANKR Price Chart (1D)