After nearly two months of market indecision, the bulls change the game. The change in the ranging market ended on August 11th after a spike in buying pressure. AKR/USD 48% increase. From then on, market trends start to become volatile. From the high resistance level of $0.5214392, the price falls to the support level of $0.03683826 within 11 days. Buying pressure seems to influence selling pressure a lot.
Ankr Pricing Statistics:
- Current ANKR Price: $0.04103
- ANKR Market Cap: $398,735,614
- ANKR circulation supply: 9.66 billion
- Total ANKR Supply: 10,000,000,000
- ANKR Coin Market Ranking: 92nd
- Resistance: $0.04099741, $0.04465746, $0.04648748
- Support: $0.04449109, $0.03850192 $0.03700463
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Ankr price analysis: an indicator perspective
Although bullish, the histogram is very small according to the moving average convergence and divergence indicator. Their activities are so flat that they almost melt to zero point. His two lines of the indicator (the fast line and the slow line) were performing very close to each other until the market changed game on August 11th. We can observe that the market repeats the same pattern of movement. This market movement can also be observed after price action spikes and then swings lower. However, if you look closely, the bearish swing is not as strong as the bullish swing. The bearish swing did not break above his $0.03151455 bullish support level on Aug. 10. The RSI line responds quickly to today’s bull market. The RSI line will soon cross the signal line.
Ankr Price Analysis: OGN/USD 4-Hour Chart Outlook
On the 4-hour chart, the price still looks flat. However, from yesterday to today, the bulls are dominating the market. However, these bullish candlesticks have not been very strong. Selling pressure causes the bullish candle to end the session near the open price. This is a sign that buying pressure is waning. Selling pressure in the market is also strong, but not as much as buying pressure. Because of this, prices may not rise much today.
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Ankr Price Prediction for Aug 25: ANKR/USD Bulls Break the Stall
Source link Ankr Price Prediction for Aug 25: ANKR/USD Bulls Break the Stall