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Ankr Price Analysis: ANKR Crypto Price Resumes Its Bullish Momentum For A New High

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  • ANKR coin price is currently in an uptrend and can soon see a new high . In contrast, it has seen a gain of more than 0.74% in the past 24 hours
  • ANKR technical indicators hints towards a strong uptrend for upcoming weeks. Meanwhile, the ANKR/BTC pair is down 0.6% in the intraday session

Why Invest In ANKR Crypto?

ANKR crypto price is currently in a bullish mode and can soon observe a breakout above the $0.12. ANKR coin price is currently near the value of $0.1124. The platform originates as a solution that utilizes shared resources in order to provide easy and affordable blockchain node hosting solutions for the business. It came into existence in November 2017 and during its time on the market, it has become the most popular container-based cloud services through the usage of shared resources.The Ankr Platform was launched by Berkeley University in California as a distributed computing platform which uses the blockchain technology. The Co-founder Chandler Song has worked as an engineer at Amazon Web Services and serves as CEO, while the other co-founder Ryan Fang worked as an investment banker at Morgan Stanley. One can invest in ANKR as per the price action and the positive breakout in the asset price.

Technical Indicators Of ANKR Crypto Hints Towards A Consolidated Momentum For Upcoming Days

Source: Trading view

The weekly technical chart of ANKR coin price suggests a bullish momentum in price for the future . On the daily chart the price is currently observing a consolidation after a short bull run . The bullish momentum of ANKR coin price can observe hostility while going up near $0.14.  The support in the coin price on the downtrend can be seen near $0.094. ANKR price is currently trading above the 50 and  100 Daily Moving Average, with an upcoming . The 50 DMA is currently near the value of $0.0868, making it a temporary bounceback zone for the price. ANKR token price breakout above 100MA can push the price to a new high. ANKR/BTC pair can also see a strong upside momentum in the future.

Conclusion

ANKR crypto price is currently seeing a consolidated momentum on the daily chart . ANKR/BTC pair can also see a new high in the upcoming days . An Investor should do their due diligence before investing.

Technical Levels

Major Support:$0.09

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ANKR Price Analysis: ANKR above $0.094 support, higher prices to follow?

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  • ANKR price analysis for today is bullish.
  • The entire market has acquired a bullish outlook at Bitcoin is up by 2 percent.
  • ANKR/USDT pair currently rests at $0.097.
  • The nearest support is visible at $0.094.
  • The nearest resistance is at $0.0975, while a major one is at $0.1.

ANKR price analysis is bullish for today as the cryptocurrency is up by 2.3 percent compared to the previous day’s price. The ANKR price analysis is based on the readings from various professionally trusted technical indicators and the data from Coinmarketcap as well. The trading volume for the cryptocurrency is down by over 6.78 percent, while the market cap has surged by 3.97 percent.

ANKR has continued to swing between $0.08 and $0.1 since 8th September after the drastic drop of Bitcoin. Bitcoin’s drop from $52K to $43K brought ANKR/USDT price from $0.13 to $0.08. The investors took advantage of this price fall, and we witnessed a rise from $0.08 to $0.105. However, our ANKR price analysis will be bullish today if the cryptocurrency follows Bitcoin’s movements.

Bitcoin price today went below support at $44.7K but bounced back and is currently at $46K. This is a support level, and if the price holds here, we might see the price of Bitcoin keep going up, aiming for higher resistance levels. In all, today seems to be a good day in crypto land and if you are looking for the best time to buy ANKR, keep on reading!

ANKR price analysis on 4-hour chart: Technical indicators showcase bullish scenario

Technical indicators help a lot in predicting the value of a cryptocurrency. Therefore, when it comes to our ANKR price analysis, ANKR/USDT price action might remain bullish for today because there we can see five consecutive green candles in the 4-hour chart. But, none of the candles are engulfing. Therefore, this trend cannot be defined as an uptrend for now. However, if green candles continue to form, there are chances of upward movement.

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The price movement is currently in the middle of the Bollinger Bands after the price action failed to break out from the lower end of the Bollinger Bands yesterday. If the green candles continue and Bitcoin remains above $46K, we can see the price for ANKR to continue growing and reach the upper end of the Bollinger Bands.

Now the position of key Moving Averages in the chart below, i.e., the 50-day and the 100-day Moving Averages, show that the price of the cryptocurrency is below them. This means that the movement is bearish overall, but there is a possibility that today, the price movement tried to reclaim these Moving Averages.

ANKR Price Analysis: ANKR above $0.094 support, higher prices to follow? 1
ANKR Price Analysis on the chart by TradingView

While there are chances that the price of the ANKR/USDT pair might fall today if Bitcoin is unable to maintain the current levels, the long-term prediction is still bullish. Keeping this in mind, our ANKR price analysis shows a reading of 50 on the RSI. This is the neutral zone where the buying pressure matches the selling pressure indicating that a breakout is possible to either side.

On further looking at the MACD indicator, it can be seen that the MACD or the blue line is traversing above the signal line, i.e., the orange one. This is a bullish scenario and followed a bullish divergence on the 4-hour chart. Therefore, bulls might take over the price movement.

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ANKR Price Analysis: ANKR above $0.094 support, higher prices to follow? 2
ANKR Price Analysis on the chart by TradingView

ANKR price analysis: Conclusion

Our ANKR price analysis will be concluded on a bullish note, and it can be seen that the overall price of ANKR/USDT will be bullish for the next 24-hours. If Bitcoin can’t hold the support, you must be ready for the scenario and place the selling orders appropriately. Check out the Price Predictions for other cryptocurrencies too.

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