After experiencing a sharp drop in early June, the price of ANKR is currently rebounding.
The swing low occurred at $0.017, followed by a surge up to $0.029, marking a remarkable increase of +70%. As the price stabilizes, we anticipate a period of consolidation with potential support around the Fibonacci retracement level of approximately $0.023, indicating a trending market.
Furthermore, it appears that ANKR is forming an Inverted Head and Shoulders pattern, a bullish reversal pattern that suggests a potential booming phase.
This pattern, combined with recent fundamental news of ANKR partnering with Tencent, the largest entertainment and telecommunications company in China, raises expectations for future growth.
Be on the lookout for a strong price pump!
The swing low occurred at $0.017, followed by a surge up to $0.029, marking a remarkable increase of +70%. As the price stabilizes, we anticipate a period of consolidation with potential support around the Fibonacci retracement level of approximately $0.023, indicating a trending market.
Furthermore, it appears that ANKR is forming an Inverted Head and Shoulders pattern, a bullish reversal pattern that suggests a potential booming phase.
This pattern, combined with recent fundamental news of ANKR partnering with Tencent, the largest entertainment and telecommunications company in China, raises expectations for future growth.
Be on the lookout for a strong price pump!
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📈 Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b 💜💜💜
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.