Ankr originates as a solution that utilizes shared resources in order to provide easy and affordable blockchain node hosting solutions. It was founded in November 2017 and during its time on the market, it has built a marketplace for container-based cloud services through the usage of shared resources.

This in turn provides developers and enterprise clients with the ability to easily deploy blockchain nodes at a much cheaper price when compared to public cloud providers.

ANKR has been showing some interesting technical analysis moves.
<h2><b>Past Performance of ANKR</b></h2>
ANKR <a href="https://www.cryptoknowmics.com/news/ankr-technical-analysis-price-likely-to-go-down-as-all-indicators-are-giving-negative-signals/">climbed</a> roughly 40 percent this month, following the capabilities being utilized with more use cases. It allows cloud-computing providers to offer underutilized resources to users requiring cloud infrastructure. Ankr's StakeFi product lets investors put up as little as 0.5 Ether to earn staking rewards. Currently, 32 ETH are required to stake on <b>Ethereum</b>'s beacon chain. This is a massive improvement working in favor of ANKR.

On November 26, 2021, ANKR opened at $0.1247 and closed at $0.1757. It had crossed a high of $0.1957 while touching a low of $0.1236 in that time. Overall, it gave a massive gain of 40 percent during that day. However, it fell to $0.173 levels on November 28, 2021, and today seems to be on a similar downturn.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/i/IcO602nc.png" alt="TradingView Chart" />

Source: <a href="https://www.tradingview.com/x/IcO602nc/">https://www.tradingview.com/x/IcO602nc/</a>
<h2><b>ANKR Technical Analysis</b></h2>
ANKR has been decreasing alongside a descending resistance line of $0.178. It has yet to cross this and move to its next resistance of $0.228.

The <b>On-balance Volume</b> is at 863 million, which is above the average volumes it has surpassed so far. It had touched a peak of 1.178 million on November 28, 2021.

<b>RSI</b> has crossed the 70 percent region and is now clearly in the overbought zone. It will stabilize the prices in the highs for a few days. It has crossed all the upper limits and signaled that prices can normalize.

Under the <b>MACD</b>, the MA trend line has been above the signal line. Thus showing the indication of an upcoming rise. The MA trend line is on an upward trajectory. We can be confident of the price to stay this way.

Technical indicators show a strong reason for the currency to stay upwards.
<h2><b>Price Trends for the Day-Ahead and Tomorrow</b></h2>
ANKR is a STRONG BUY as per overall sentiment. The oscillators expect it to be neutral as of now, whereas the moving average indicator gives a BUY signal.

It has already crossed the expected resistances of $0.173 but a few month's trade with good news will bolster to move the resistance to $0.228. This is certainly a good coin to hodl even at today’s rate.

ANKR Technical Analysis: Climbing 40% During the Month, Short-Term Buying Opportunity

ANKR is a STRONG BUY as per overall sentiment. The oscillators expect it to be neutral as of now, whereas the moving average indicator gives a BUY signal.It has already crossed the expected resistances of $0.173 but a few months trade with good news will bolster to move the resistance to $0.228. This is certainty a good coin to hodl even at today’s rate. 

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

ANKR Technical Analysis: Climbing 40% During the Month, Short-Term Buying Opportunity

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