ANKRUSDT: A Strong Demand Zone or Breakdown Risk?ANKRUSDT is currently sitting at a crucial demand zone, a level that has historically triggered massive price movements. This same area in February 2021 acted as a springboard for huge gains, leading to a double top formation at $0.21 before experiencing a major downtrend. Since August 2022, the price has been stuck in a sideways range, with no clear breakout in sight—until now.
Why This Demand Zone is Key
The weekly support level within the range has proven to be resilient, holding strong since 2021. Additionally, the Stochastic RSI is in oversold territory, signaling a potential loss of selling pressure. This setup suggests that buyers might step in soon, making this zone a prime accumulation area for long-term holders.
Best Buy Zone:
🔹 $0.015 - $0.022 → A historically strong support level, ideal for long-term positions.
Potential Targets:
📌 Short-Term Target: $0.057 - $0.066 (Top of the current range)
📌 Mid-Term Target: $0.097 (Potential supply zone)
📌 Long-Term Target: $0.21 (Previous all-time high)
Bearish Scenario: What If Support Breaks?
While the demand zone is strong, there's always a chance of a breakdown. If price fails to hold support, the next major demand zone lies at $0.008—a crucial level for long-term investors to watch.
Final Thoughts
✅ The setup is strong, with price at weekly support and indicators signaling a potential reversal.
⚠️ But always have a plan—if the demand zone breaks, be ready for lower levels.
💡 Risk management is key—stick to your strategy, and trade with confidence!
What’s your take on ANKR? Are you bullish or waiting for more confirmation? Let’s discuss in the comments! 🚀
Keep it shiny~!
KinaStar
