In this Ankr Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for ANKR-USDT. Ankr Network is a decentralized platform that enables users to earn rewards in the form of cryptocurrency by contributing excess computing power from their devices. ANKR’s novel proof-of-usage consensus algorithm ensures fair distribution of these rewards, creating an incentivized network for a more secure and efficient blockchain ecosystem. With its innovative approach to decentralized computing, Ankr Network is poised to revolutionize the way we think about cloud computing and data storage.
Ankr Network Price Overview:
As of May 14, 2024, Ankr Network is trading at approximately 0.04186 USDT. Let’s dive into the detailed price action for ANKR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.04276 |
| High (H) | 0.0438 |
| Low (L) | 0.04142 |
| Close (C) | 0.04186 |
| Volume (C) | 45,719,283.80 |
- Open (O): The opening price for today’s trading session was approximately 0.04276 USDT.
- High (H): Ankr Network reached a daily high of around 0.0438 USDT.
- Low (L): The daily low for ANKR-USDT was approximately 0.04142 USDT.
- Close (C): At the time of analysis, Ankr Network is trading near its daily close of 0.04186 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.10% |
| 3D Change (%) | -3.79% |
| 7D Change (%) | -9.10% |
| 30D Change (%) | -4.39% |
| 90D Change (%) | 57.72% |
| YTD Change (%) | 46.77% |
Over the past three days, ANKRUSDT has fallen by approximately -3.79%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -9.10%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ANKRUSDT maintaining a downward trend of approximately -4.39%, despite intermittent fluctuations. Examining the last 90 days, ANKRUSDT has witnessed substantial increase of approximately 57.72%, reflecting strong long-term confidence. Year-to-date, ANKRUSDT has steadily increased by around 46.77%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Ankr Network Live Chart:
You can access a live price chart for ANKR-USDT 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 0.75853.
- Momentum score is -0.22853.
ANKR USDT Technical Analysis
Ankr Network Trading Volume:
The trading volume for Ankr Network (ANKR) over the past 24 hours has been insignificant, with approximately 45,719,283.80 USDT 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-USDT is currently in the neutral zone, around 45.84459. This suggests that Ankr Network is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Ankr Network (ANKR-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Explore Ankr Network’s (ANKRUSDT) potential setbacks at 4.19e-02 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.
Don’t skip our thorough exploration of ANKR BTC Ankr Network Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
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.