ANKR Sees 90% Jump In Volume, Will The Price Follow?

• 1 ANKR has recently seen a gain of 94% in volume. The price of the asset is however in a consolidation
• 2 ANKR price may see a negative crossover from the 50 DMA. It is down by 3.72% in the intraday session.

ANKR is a decentralized blockchain infrastructure that aims to provide a low-cost, reliable, scalable infrastructure for developers and other businesses. It leverages idle computing resources worldwide, creating a distributed network of nodes that can be used to run various applications. ANKR provides comprehensive blockchain solutions to developers including traditional API. It has become an ideal choice for developers who want to build dapps that can run on multiple networks., ANKR enables developers to reduce their infrastructure costs while improving the speed and reliability of their applications. Ankr was founded by Chandler and Ryan in 2017 after graduation.ANKR gets over 8Bn API requests daily and is supported by 38+ networks.It has over 42173 holders which will see growth in the future. It has a maximum supply of 10,000,000,000 and 97% if it is circulating in the market.

ANKR has a market cap of $350,444,900 and is ranked 109th in the crypto-verse. The volume of the asset has seen a jump of over 90%. It has an ROI of 183% which has benefitted various investors. The volume-to-market cap ratio of the asset is near 0.247 suggesting a weak growth in price.

Are Bulls Of ANKR Looking For A Push?

Source:Tradingview

The weekly technical chart of ANKR suggests a consolidated trend in price. It has been seeing a weak downside trend in the daily chart.ANKR is currently trading near the value of $0.03631 with a small drop in the intraday session. It is trading very close to the 50 Daily Moving Average and can see a negative crossover in the future. Meanwhile, it can see a bounceback from the 100DMA line. Resistance of ANKR can be seen near $0.045.Meanwhile, the bounceback in support can be seen near $0.03.ANKR price may see a continuation in consolidated for the near future.

The RSI of the ANKR is near 53 highlighting its presence in the neutral zone. There is no slope in RSI which hints toward a consolidated trend.

Summary

ANKR has recently seen a strong pump in volume and price might follow the trend. ANKR price may consolidate for a while before seeing any trend in the future.

Technical Levels

Major Support:$0.045

Major Resistance:$0.03

ANKR Sees 90% Jump

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

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