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.

Let us <a href="https://www.cryptoknowmics.com/news/ankr-technical-analysis-short-position-price-breaks-below-the-support-level-of-0-0863-book-profit-at-0-078/">look</a> at the technical analysis of ANKR.
<h2><b>Past Performance</b></h2>
In the past two weeks, the price has remained more or less stable, showing only slight fluctuations. The general trend is upwards, which is typical of ANKR’s price chart since its ICO. It has a history of showing a sudden fluctuation, then remaining comparatively stable for a while.

On November 9, 2021, the ANKR coin opened at $0.1287. It closed on November 15, 2021, at $0.135, after a weekly change of 4.89%. The current 24-hour low is $0.124, while the 24-hour high is $0.1514.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/x/XOLoc0t1.png" alt="TradingView Chart" />

Source: <a href="https://www.tradingview.com/x/XOLoc0t1/">https://www.tradingview.com/x/XOLoc0t1/</a>
<h2><b>ANKR Technical Analysis</b></h2>
The price has entered a box, between $0.13994 and $0.11350, and is expected to remain there in the near future. This means that there will be comparatively less volatility, and the traders may hold their current position.

The current daily change in the price of ANKR is 6.59% lower than the previous day’s close. This can be a signal that the price may break the box from the bottom. Let us first look at what the indicators are showing.

The <strong>OBV</strong> is showing slight domination of the selling pressure on the buying pressure. This may contribute to the price’s decline, but it is not enough for the price to break the box.

A downtrend can be seen in the <strong>RSI graph</strong>, which is a strong signal showing that the bears are dominating the market. It is a signal for the traders to take a short position.

In the <strong>MACD graph</strong>, the MACD line and the Signal line, both are moving close to each other, recently showing a bearish crossover. This is again a negative signal.

On November 11, the first parachain slot auctions took place for the Polkadot network, where an initial round of projects competed for space to operate on one of the highly coveted Polkadot parachains. The competing projects are raising as much funding as they can to secure their space before bidding ends this week, on November 18.
<h2><b>Day-Ahead and Tomorrow</b></h2>
The ANKR price has been very bullish over the past 12 months overall, but also very volatile. We saw a 1,000% run-up as the price moved above $0.20, prior to the most recent sell-off which took away around 75% of the value. In the short-term, there is a lot of volatility in this cryptocurrency, but the price direction has been up overall and currently, ANKR remains on a bullish run.

In the short term, the price is likely to go down as all the indicators are giving negative signals. The traders may be alert for the price to break the support at $0.1203 and place a stop-loss at $0.1135 to avoid losses.

The <strong>Fibonacci numbers</strong> are showing that the price is moving between the Fib levels at $0.14 and $0.12 today. Breaking one of these levels may decide the direction of the price in the coming days.

ANKR Technical Analysis: Price Likely to Go Down as All Indicators Are Giving Negative Signals

ANKR traders may be alert for the price to break the support at $0.1203 and place a stoploss at $0.1135, to avoid losses. The Fibonacci numbers are showing that the price is moving between the Fib levels at $0.14 and $0.12 today. Breaking one of these levels may decide the direction of the price in the coming days. 

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: Price Likely to Go Down as All Indicators Are Giving Negative Signals

Top Picks