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- Anchor price is trading with a strong uptrend momentum over the daily chart.
- The crypto asset has recovered above 20 and 50 EMA and is now preparing for 100 and 200-days Daily Moving Average.
- The pair of ANC/BTC is at 0.00001108 BTC with an intraday gain of 67.05%.
Anchor price is gaining massively over the daily chart. The token has gained around 68% of its market capitalization in the last 24-hour period. ANC investors might be excited by the massive gains of Anchor coin. It’s a matter of time to see if ANC token recovers above the $1.00 psychological level. In this technical analysis you will get to know about some interesting levels to be attained by ANC in near future. ANC coin is preparing for its bullish rally amid the bear market. The havoc of the bear market can be seen all over the cryptocurrency market. As BTC slumps below $29,000 and amid Bitcoin the traditional cryptocurrency’s slippage, ANC the prominent cryptocurrency based on Anchor protocol is still rising.
Anchor price is presently CMP at $0.28 and has gained 68% of its market capitalization in the last 24-hour period. Trading volume has increased by 1.75% in the intraday trading session. This minute change in the trading volume signifies that the firm is trying to levitate the token’s current market cap. Volume change shows that buyers are accumulating but here something sounds fishy as it is changing with a very low rate of change in the intraday trading session. Volume to market cap ratio is 2.59. This shows that volume is higher than the current market cap and it is said to be the genuine gains for any cryptocurrency.
ANC coin is trying to maintain the current uptrend momentum over the daily chart. The token witnessed the higher and lower levels in the last 24-hour at $0.37 and $0.20. This means that the ANC coin has recovered from 0.20 to 0.37 in the last 24-hour period by adding up around 68% of its market capitalization. Volume change can be seen over the average line and it confirms that bulls are pretty determined for ANC to surge significantly.
Will ANC Sustain above $0.30 or Will it Slumps?
ANC token is paving its way towards the $1.00 psychological mark and it looks pretty determined to achieve it. However, bears may interrupt this bullish momentum of the ANC coin due to the bear market and high volatility nature of the cryptocurrency market. If ANC coin price successfully sustains above $0.30 primary level then it may hike towards $1.00 level to register its remarkable recovery phase.
Technical indicators suggest that ANC coin is in a strong uptrend momentum over the chart. Relative Strength Index showcases that ANC just broke out of neutrality and is now heading toward the overbought territory.
MACD exhibits the bullish momentum of ANC coin. The MACD line is heading towards the signal line for a positive crossover.
Conclusion
Anchor price is gaining massively over the daily chart. The token has gained around 68% of its market capitalization in the last 24-hour period. ANC investors might be excited by the massive gains of Anchor coin. If ANC coin price successfully sustains above $0.30 primary level, then it may hike towards $1.00 level to register its remarkable recovery phase. Technical indicators suggest that the ANC coin has a strong uptrend momentum over the chart.
Technical Levels
Support Levels: $0.25 and $0.20
Resistance Levels: $0.30 and $1.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.