In this technical analysis of the Ankr Network, we’ll delve into the current price action, trading volume, key levels, and indicators for ANKR-BTC. The Ankr Network is a decentralized platform that enables users to earn rewards by providing infrastructure for decentralized applications. As the backbone of this ecosystem, the ANKR token empowers holders to participate in governance and decision-making processes. With its innovative approach to decentralized infrastructure, Ankr Network is poised to transform the way we think about web3 applications.
Ankr Network Price Overview:
As of July 19, 2024, Ankr Network is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for ANKR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 3,584,818.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Ankr Network reached a daily high of around 0.0 BTC.
- Low (L): The daily low for ANKR-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Ankr Network is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.00% |
| 3D Change (%) | 4.26% |
| 7D Change (%) | 4.26% |
| 30D Change (%) | 2.08% |
| 90D Change (%) | -35.53% |
| YTD Change (%) | -27.94% |
Over the past three days, ANKRBTC has experienced a notable surge of approximately 4.26%, indicating increased market volatility. This upward trend continued throughout the week, with an additional gain of around 4.26%, signaling growing investor interest. A 30-day analysis provides a more comprehensive view, revealing ANKRBTC’s steady upward trajectory of approximately 2.08%, despite occasional fluctuations. Looking back at the last 90 days, ANKRBTC has witnessed a significant decline of around -35.53%, reflecting a strong long-term confidence in its value. Year-to-date, ANKRBTC has steadily dropped by approximately -27.94%.
Ankr Network Live Chart:
You can access a live price chart for ANKR-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.4561.
- Momentum score is -0.03922.
ANKR BTC Technical Analysis
Ankr Network Trading Volume:
The trading volume for Ankr Network (ANKR) over the past 24 hours has been significant, with approximately 3,584,818.00 BTC traded against ANKR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ANKR is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Ankr Network is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ANKR-BTC is currently in the low zone, around 44.2594. This suggests that Ankr Network is in bearish territory.
Analysis from TradingView:
Our Key Takeaways: Ankr Network (ANKR-BTC) is currently displaying short-term bearish momentum, with key support and resistance levels drawing attention. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals indicating a potential downward movement.
Explore Ankr Network’s (ANKRBTC) bullish trends at 4.90e-07 BTC, supported by strong fundamentals and promising indicators, as revealed in technical analysis.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.