1/ I already gave a buy signal for $ANKR in my previous threat, and now I want to dive deeper into its technical analysis. Let’s break it down!

2/

Currently, $ANKR is around the Fibonacci 0.618 level ($0.0359), known as a strong support zone. If it holds, there’s a high potential for a bullish reversal! However, if it breaks down, the next target is 0.786 ($0.0305).

3/

Key resistances to watch:

$0.0425 (0.5 Fibonacci)

$0.0475 (0.382 Fibonacci)

Breaking through these levels could push ANKR toward $0.0536 (0.236 Fibonacci) for the next bullish rally!

4/

Indicators are also worth noting:

Price is still below MA20 & MA50 = bearish pressure. But if it breaks above them, it could signal a short-term bullish trend.

Bollinger Bands show some pressure, but a bounce off the lower band could indicate a reversal.

5/

Simple strategy:

Buy entry: $0.035-$0.036 (around 0.618 Fibonacci).

TP1: $0.0425

TP2: $0.0475

SL: Below $0.030 (0.786 Fibonacci).

6/ Volume will be key! If strong volume comes during a resistance breakout, the bullish momentum could get even stronger. Don’t forget to manage your risk!

7/ So, keep an eye on ANKR. Will it hold at 0.618 or drop further? If it breaks out, it could trigger the next big move!

Follow me for more analyses on potential coins, or feel free to request any coin you’d like me to review for your reference in the next thread.