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Ankr price prediction sees the coin begin a significant recovery above $0.026 as it approaches the major hurdle near $0.028.
Ankr forecast statistical data:
- Current Ankr price – $0.026
- Ankr market capitalization – $257 million
- Ankr circulating supply – 10 billion
- Ankr total supply – 10 billion
- Ankr CoinMarketCap Ranking – #148
ANKR/USD Market
Main level:
Resistance levels: $0.030, $0.032, $0.034
Support levels: $0.021, $0.019, $0.017
ANKR/USD is in bullish hands as the coin breaks above the 9-day moving average and the 21-day moving average. However, according to the daily chart, bulls may need to muster enough energy to push the coin above the upper boundary of the channel. There is a high possibility that the 9-day moving average, a technical indicator, will exceed the 21-day moving average, suggesting a bullish movement.
Ankr Price Prediction: Ankr Could Rise
Looking at the daily chart, Ankr price is poised to enter an upward trend if the bulls increase their buying pressure. But the more pressure the bulls put on the bears, the higher the coin will go. Therefore, if the bulls maintain the upward trend, ANKR/USD may continue its bullish move that could push the coin towards the resistance levels of $0.030, $0.032, and $0.034.
On the other hand, strong selling pressure may begin again in the market, which could push the price below the moving average. If BTC trades below the daily opening price of $0.024, a bearish move could push the price towards support levels of $0.021, $0.019, and $0.017.
ANKR/BTC rises sharply
Compared to Bitcoin, Ankr price is hovering above its 9-day and 21-day moving averages as bulls increase entry into the market. At the time of writing, Ankr price is currently trading at 71 SAT, so there is no way to push the price above the channel cap. If Ankr signals a bullish rally, it will likely hit resistance above SAT 77.
Looking at the daily chart, traders can see that the market can sustain a bullish move as the 9-day moving average can cross the 21-day moving average. Meanwhile, a bearish move below the lower boundary of the channel could lead to support below 60 SAT.
Alternatives to Ankr
According to the daily chart, Ankr price is hovering around $0.026 with a huge bullish move towards the upper border of the channel. However, if the bulls apply more pressure, it could reach the resistance level of $0.028. Therefore, if the 9-day moving average crosses the 21-day moving average, bullish movement within the channel may increase.
However, while Ankr (ANKR) boasts stability with a market capitalization of $257.1 million, near-term growth may be limited. In contrast, Bitcoin Minetrix, which raised over $4.5 million in its initial coin offering, offers an opportunity for fairly quick profits with its low market capitalization. Investors are therefore encouraged to diversify their portfolios considering the potential growth offered by Bitcoin Minetrix along with Ankr stability.
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