ANKR/USDT Wants to Retain Trading at Elevated Price Levels

The ANKR/USDT market has gained significant traction over time. This has led to the market breaking multiple resistance levels over a short period of time. A moderate downward correction occurred over the past two trading sessions, correcting the market towards lower levels. However, today’s session seems to be presenting some bullish hopes as a tailwind is pushing for an upward rebound at this point.

Ankr Statistics:
Current Ankr Value: $0.05334
ANKR Market Cap: $522,906,194
ANKR Circulating Supply: 10,000,000,000
ANKR Total Supply: 10,000,000,000
Ankr CoinMarketCap Rank: 157

Key Price Levels:
Resistance: $0.05334, $0.05500, and $0.06000
Support: $0.05300, $0.05000, and $0.04700

ANKR/USDT Bulls Continue to Fight Bears at High Altitudes

Buyers in the ANKR/USDT market have taken the fight deep into the bears’ side of the market. Over the past two sessions, downward forces were able to resist further price increases. Nevertheless, the current session seems to have witnessed significant price increases, with prices increasing by roughly 8%.

Consequently, this raised the price of Ankr past most lines of the Guppy Multiple Moving Average (GMMA) lines. Meanwhile, the lines of the RSI continue to trend downward at this point. Be that as it may, the displayed price behavior may convince more traders to maintain their bullish stance in this market.

Ankr Eyes the $0.05500 Mark

Coming to the ANKR/USDT 4-hour market, the market seems to have more bullish characteristics. The last price candle on this chart can be seen sitting just above the crossed lines of the GMMA indicator. Furthermore, the Stochastic Relative Strength Index (SRSI) lines can be seen rising out of the oversold region.

The two indicators are aligned to suggest the same possible resultant price movement. At this point, it appears that the market will retrace through the nearby resistance at the $0.05500 mark. Consequently, this will strengthen the use of bullish crypto signals for the upside correction towards the $0.05750 mark.

Trade crypto coins on AvaTrade