• Client Portal
  • Client Portal
  • Client Portal
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
ambrionic news
No Result
View All Result
No Result
View All Result
ambrionic news
No Result
View All Result

ANKR Gained 12% In The Last 24 Hours. What’s Pushing It?

ambrionic by ambrionic
August 25, 2022
in Uncategorized
0 0
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Although it hasn’t been easy, the crypto market has been on its recovery journey since mid-July. There have been some rallies that didn’t last long, followed by extended periods of pullbacks that caused more panic. So, no one can say what direction to expect in the short term.

But while some tokens struggle to remain afloat, others seem to be making positive leaps. For instance, the ANKR price movement in the last 24 hours has shocked many in space.

Related Reading: Ethereum ETH Back On Track Race, Will ETH Reclaim $2,000 again?

The token gained 12% between August 24 and early August 25, while others struggled to hold their price marks. At the time of writing, the ANKR has grown to 19.89%, making it to be the best performing crypto among the top 100s by market cap.

ANKR/USD 4-Hour Chart Trend 

This price chart shows the bullish trend for ANKR from August 24 to 25. The MACD line is pushing to cross above the signal line, indicating a bullish trend. Also, ANKR’s 14-day RSI is at 61, meaning an imminent move to the overbought region. If the token price climbs from the lower left to the upper right of the chart, it has entered the territory.

Once ANKR enters the overbought region, it has sustained its upward price movement for a more extended period with lesser pullbacks. This could happen if the ongoing momentum continues. 

Currently, the ANKR price stands at $0.04211, a gradual climb from $0.0409 earlier today. If it continues to rally as it is now, the coin price might rise beyond $0.050809, its first significant resistance level before August 25.

But if the bullish momentum doesn’t last long, ANKR might not recover its August highs of $0.059 soon.  

ANKRUSD
ANKR’s price is currently trading around $0.04158. | Source: ANKRUSD price chart from TradingView.com

What’s Pushing ANKR Price

ANKR ranks 92 on CoinMarketCap and is now outperforming the number one and two cryptos, BTC and ETH. However, the overall crypto market hasn’t performed optimally this week. Trend data shows that the recovery is slower than expected. 

For instance, Bitcoin is gradually pushing toward the $22K price market. BTC’s price on CoinMarketCap currently stands at $21,705.68 after it gained only 1.59% on its August 24 price. On the other hand, Ethereum gained 3.82% in 24 hours, pushing its price to $1703.33. 

 Judging from the price movements of the top cryptocurrencies, there’s no reason ANKR should surge at this speed. But one new development took place on the ANKR network, launching its staking service on August 10. According to the network announcement, the move was to decentralize node infrastructure.

Related Reading: Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks

The expanded functionalities of the network have attracted investors’ and traders’ interest in the crypto. If ANKR bulls sustain the ongoing trend, the token price might rise beyond the last highs. Also, data shows that the overall crypto market cap has added 1% in 24 hours. So, if the overall crypto market rebounds, the ANKR price might gain more too.

Featured image from Pixabay and chart from TradingView.com



Source link

Tags: ambrionicANKRbitcoinbitcoin newsbreaking newscrypto newsGainedgaminggaming newsHourslatest gaming newslatest newsPushingWhats
Previous Post

Where to Pre-Order Hogwarts Legacy Collector’s Edition

Next Post

M&M’s Partners With Bored Ape Yacht Club Superband For Cross Promotion And Candy

Next Post

M&M's Partners With Bored Ape Yacht Club Superband For Cross Promotion And Candy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Whoopi Goldberg Calls Out Ron DeSantis For College Diversity Ban – Hollywood Life
  • Randall Crater, Founder of “My Big Coin” Sentenced
  • Out Of Touch Comments Influencers Have Made
  • Warzone 2 Cheaters Can Crash Entire Servers With New Hacks
  • BTC/USD Could Drop Below $22,500 Support

Recent Comments

No comments to show.

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022

Categories

  • No categories
  • Client Portal
  • Client Portal
  • Client Portal
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Client Portal
  • Client Portal
  • Client Portal
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In