ANKR/USDT Will Bulls Take Control or Are We Heading Lower?

Yello Paradisers! Are we about to see #ANKRUSDT break out, or is another rejection incoming? Let’s break it down this is a crucial moment in the market, and you don’t want to miss it.

💎Right now, the 4-hour chart shows sitting above the EMA 50, signaling a short-term bullish push. But don’t get too excited just yet—price is still below the EMA 200, which keeps the overall market bias neutral to bearish. For the bulls to take over, a clean breakout above the EMA 200 resistance is needed. If ANKR fails here, we could see another test of the supply zone between 0.02019 - 0.02271, followed by a potential pullback toward the 0.01504 support level.

💎Now, zooming out to the 1-day chart, the picture gets even more interesting. The price is still trading below both the EMA 50 and EMA 200, confirming that the bigger trend remains bearish. What does this mean? Any bullish moves on the 4-hour chart could just be temporary retracements within a larger downtrend. With this structure, selling pressure is still dominant, and unless we see a major reversal, further downside remains on the table.

💎So, what’s the key takeaway? Short-term bullish opportunities exist, but they’re facing strong resistance from the EMA 200 and supply zone. Meanwhile, the longer-term trend remains bearish, meaning any failure to break higher could increase the risk of a deeper drop possibly toward the 0.01294 support area.

Patience and precision are key in these conditions wait for strong confirmation before making your moves.

MyCryptoParadise
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Trade closed manually

Setup invalidation: Price breaks above major supply zone

MyCryptoParadise

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