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- 1 ANKR price prediction is currently at $0.031 (press time); ANKR is down by 1.84% in the last 24 hours.
- 2 ANKR recorded a 11.96% decline in 24-hour tradg volume.
ANKR Network price prediction suggests that bearish sentiments among investors are increasing significantly. ANKR price prediction affirms this as per the price action. Presently, the sellers are expected to enter the market as the price is moving near its immediate resistance level one one day chart. The EMAs are presently making a convergence, moving in descending order.1 2ANKR Network price prediction suggests that bearish sentiments among investors are increasing significantly. ANKR price prediction affirms this as per the price action. Presently, the sellers are expected to enter the market as the price is moving near its immediate resistance level one one day chart. The EMAs are presently making a convergence, moving in descending order.
The EMA convergence is an indicator of a substantial move. It can be observed by studying the historical price action that each time the price makes a convergence without making a crossover a big move is followed. Hence the investors may keep a keen watch over the token as if the odds line up in the seller’s favor it may provide a lucrative opportunity.
The major resistance point for the ANKR token price is near the 200 EMA. The price recently took resistance from the barrier point twice and might continue to move under bearish influence unless it makes a breakout with strong momentum in the near future. If the sellers succeed in pushing the price down, it can see a further decline of 23%.
The present value of ANKR is $0.025 and it has a market capitalization of around $251.25 Million (press time).
Significant Surge In Bearish Sentiments Of Investors: ANKR Network
There is a decline in the majority of parameters in the LunarCrush platform. The increase in these parameters suggests that the community is bearish and losing interest in the token.
The total bearish sentiment metric observed a rise of 100%, whereas the total social engagement level and 24h volume levels are down by more than 20 points which is indicating a fall in the trading activity.
ANKR Network Price Prediction: Technical Analysis On 1 Day Timeframe
The RSI oscillator is mimicking the price action closely, It is giving a negative crossover to the 14 SMA line. The current value of RSI is 55.73 points, whereas the 14 SMA is providing support to it at 54.74 points. It might see a decline as it is near the overbought levels and has been taking consistent resistance around 60 points.
After taking a rejection, the stochastic RSI line is approaching the oversold zone on the one-day chart. The value of the stochastic RSI is 56.66 points.
Conclusion
As per the analysis, ANKR Network price prediction is suggesting that the ANKR token is presently moving near the supply zone which might encourage the sellers to grab hold of the price action.
Technical levels –
Support – $0.015
Resistance – $0.028 and $0.026
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
