Our ANKR price prediction is still the same as mentioned in our last week’s article. The price has failed to reclaim the $0.034 level once again. This level is acting as a range high, and a daily closure below this level might send ANKR crypto back to its $0.025 support.
Most cryptocurrencies have shown massive recoveries within the last few weeks. ANKR coin appears to be lagging in this recovery as the price is still trading inside the same $0.025-$0.034 range. A clear break above or below this range is likely to trigger a massive move in that direction. You can buy ANKR and trade this breakout by signing up on Binance.
At the time of writing, ANKR price is trading at $0.031. The price has lost 5.48% since yesterday. On Tuesday morning, BTC price broke below $23,000 once again. This triggered a sell-off in the altcoins. Therefore, most altcoins are down from their yesterday highs due to the correction in BTC and ETH prices.
According to ANKR news today, the project’s CMO Greg Gopman will be present for the ‘Fireside Chat’ at the main stage of the Blockchain Futurist Conference today. ANKR is also one of the major sponsors of the event, which is the largest blockchain conference in Canada.
A look at the ANKR price chart shows signs of a prolonged bearish accumulation. There seems to be a strong demand at the $0.025 level and a strong resistance at $0.034. The coin needs to break out of this range for an increase in trading volume. An upwards breakout from this range could send the price to the $0.04 level, which is another resistance.
Similarly, ANKR price prediction might become very bearish if the coin loses its $0.025 support level. In such a scenario, the price could plummet to the $0.011 level. This would be an almost 66% price drop from current levels. Therefore, it is advisable to wait for a breakout before entering into any trade.
This post was last modified on Aug 09, 2022, 17:26 BST 17:26