Ankr web 3.0 is an open-source platform that supports more than 40 blockchain protocols for staking and developing purposes. They have recently launched the ETH2 staking solution. It is a distributed network for building new platforms, applications, and services that are private, safe, trustworthy, and censorship-resistant. ANKR is the native token of this ecosystem.
On April 3, 2021, the opening price of ANKR is $0.176. As of April 9, 2021, the closing price of ANKR was $0.157. Thus, in the past week, the ANKR price has declined by approximately 12%. In the last 24 hours, ANKR has traded between $0.153-$0.161.
Day-Ahead and Tomorrow
Currently, ANKR is trading at $0.156. The price has decreased from the opening price of $0.157. Thus, the market seems bearish.
The MACD and signal lines are positive. A bullish crossover by the MACD line over the signal line has occurred too. Thus, the overall market momentum is bullish. Hence, we can expect the price to go up.
The OBV indicator has started rising steadily. Thus, buying volumes are slowly overtaking selling volumes in the ANKR market. Hence, we can expect the price to go up in some time.
The RSI indicator is currently at 72%. It is in the ‘oversold’ region. Thus, buying pressures are very high. The price is likely to go up. Moreover, it is the right time for swing traders to go short.
ANKR Technical Analysis
As per technical analysis, the price is currently below the Fibonacci pivot point of $0.157. As the technical indicators are showing bullish signs, we can expect the price to surpass the first resistance level of $0.16 in some time. If the bulls remain strong, the price can break out of the subsequent resistance levels of $0.162 and $0.165, respectively.
The price has tested and broke out of the 38.2% FIB retracement level of $0.156. By day end, we can expect the price to break out of the 76.4% FIB retracement level of $0.159, if the bulls remain strong. In that case, we can expect the price uptrend to continue tomorrow as well.