ANKR/USDT Races Toward the $0.01600 Mark

The Ankr token has climbed to the second position on today’s list of top crypto movers. As of the time of writing, the coin has recorded a price increase of 4.01%. On the daily chart, this appears to be a continuation of the bullish move that began in the previous session. Let’s take a closer look.

Ankr Statistics

Current Price: $0.01518

Market Capitalization: $149.36M

Circulating Supply: 10B

Total Supply: 10B

CoinMarketCap Rank: 250

Key Price Levels

Resistance: $0.01600, $0.01800, $0.02000

Support: $0.01500, $0.01300, $0.01100

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ANKR/USDT Heads Toward Higher Price Levels

The last two price candles on the ANKR/USDT daily chart suggest that the market is experiencing moderately strong bullish momentum. This is evident from the prominence of these candles, with the most recent one bouncing off the 9-day Exponential Moving Average (EMA) line.

In addition, the Moving Average Convergence Divergence (MACD) indicator lines are rising sharply from below the equilibrium level. The MACD histogram bars are also solid and growing, reinforcing the strength of bullish momentum. If this trend continues, the market may soon test the psychological resistance at $0.01600.

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Ankr Maintains a Strong Bullish Outlook

The 4-hour chart for ANKR/USDT reveals that upward momentum has been growing steadily. The latest price candle suggests increasing strength among the bulls. This price action is unfolding above the 9-day EMA line, further supporting the bullish sentiment.

Moreover, the MACD indicator lines have crossed above the equilibrium level, with solid green histogram bars gaining height. Taken together, these technical signals suggest that the $0.01600 resistance level could soon be breached, potentially opening the path toward the $0.01800 price level.

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