$ANKR has experienced a slight decline of -1.337% in the last 24 hours.
The price range has been between 0.01438 and 0.01391.
Currently, the upper Bollinger Band at 0.01432 provides a potential resistance level, while the lower band at 0.01388 suggests strong support.
The overall market is in a downtrend, which can be attributed to macroeconomic pressures such as inflation and regulatory uncertainties impacting investor sentiment.
Bitcoin's influence on ANKR remains unclear at this moment, limiting correlations.
Given prevailing volatility, a short-term trading approach may be prudent for risk management.
Key takeaway: ANKR is at a critical support level; traders should closely monitor the market for signs of reversal or continued decline.
