ANKR provides affordable blockchain node hosting solutions by utilizing shared resources. It offers company clients the ability to easily deploy blockchain nodes at a cheaper rate than industry peers. Such nodes take away the centralization issue. Let us look at the technical analysis of ANKR.
<h2><b>Past Performance </b></h2>
In the past seven days, increasing volume led to an increase in volatility as the price traded between the range of $0.094 and $0.099. In August, it <a href="https://www.cryptoknowmics.com/news/ankr-technical-analysis-trading-below-the-second-fibonacci-pivot-point-of-0-10041/">created</a> its all-time high at $0.225 but is now 56% down from that level.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/3/3FEp4Z3Z.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/3FEp4Z3Z/">https://www.tradingview.com/x/3FEp4Z3Z/</a>
<h2><b>Day-Ahead and Tomorrow </b></h2>
In the past 24-hours, the price has increased by 4% and a change of $0.003 in the price has been recorded. At the time of writing, ANKR is trading at $0.098 testing strong support at $0.083.

Although the chart is trading in a range, the price is currently testing the resistance. Moreover, with the news of ANKR 3.0, it might try to break the resistance again. Also, ANKR is coming up with a new ANKR API, and as per ANKR's tweet, it offers boundless interoperability, built for Defi, true scalability, and communication collaboration.

Meanwhile, according to the <strong>Relative Strength Index,</strong> sellers have been dominating the trend. Currently, it is taking support near the equilibrium level. Moreover, if the same selling pressure continues, it can reach the oversold zone.

The <strong>MACD</strong> is indicating a bearish pattern as a bearish crossover is forming. Till the time the signal line crosses the MACD line from below, we will be in a bearish trend, and we can expect a short pullback in the price.
<h2><b>ANKR Technical Analysis </b></h2>
Important levels traders should watch out for-

As the majority of indicators are indicating that the price may fall. Then, traders can take a short position if the price breaks below the support level of $0.0863. Moreover, they can book profit at the next support level, which is $.0.078. However, keeping the stop loss at the $0.109 level is important.

If in case, the buying pressure takes over, then the market traders can go long if the price breaks the crucial resistance level, which is at $0.109. The next target would be $0.116, and the stop loss would be $0.086.

ANKR Technical Analysis: Short Position Price Breaks Below the Support Level of $0.0863, Book Profit at $.0.078

If the buying pressure takes over, then the ANKR market traders can go long if the price breaks the crucial resistance level which is at $0.109. The next target would be $0.116, and the stop loss would be $0.086. 

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: Short Position Price Breaks Below the Support Level of $0.0863, Book Profit at $.0.078

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