The past week has been extremely volatile for Ankr with prices. The volatility also looks poised to continue today, with prices already down by 7 percent at press time. The current volatility started on August 10, when prices surged by 12 percent. The following day, the strong and aggressive trend did not slow down.
In the early hours of August 11, the prices had risen by 66 percent. However, as the trading sessions progressed, the prices started to come down, and by the end of the day, it prices had dropped by 11 percent to close the markets up by 47 percent.
On the next two days, August 12 and 13, the prices entered a strong bearish trend, which saw the crypto wipe out 22 percent of gains made on previous days. This was followed by three days of sideways trading, where despite prices finishing with gains, they were very small to create a trend.
However, in today’s trading session, the 7 percent drop has shown strong signals that we may be staring at an aggressive price correction.
Ankr Price Prediction
Therefore, my Ankr price prediction expects the Ankr price to continue falling. I expect it to hit the $0.042 price level. There is a high likelihood that the price correction may push further below and possibly hit the $0.040 price level. My trade analysis does not rule out a price reversal. Looking at the previous price history of the crypto, we may likely see a further push to the downside.
However, by the end of the month, I expect the current bear market to have ended and a recovery continuation to have started. This is because the current price drop is a correction that was triggered by the recent aggressive push to the upside.
Should the price close above today’s price high of $0.52, my bearish analysis will be invalidated. It will also be a sign that the price correction has ended.
Ankr Daily Chart
