Ankr ANKRUSDT Price Analysis (4h)

After experiencing a sharp drop in early June, the price of ANKR is currently rebounding.

The swing low occurred at $0.017, followed by a surge up to $0.029, marking a remarkable increase of +70%. As the price stabilizes, we anticipate a period of consolidation with potential support around the Fibonacci retracement level of approximately $0.023, indicating a trending market.

Furthermore, it appears that ANKR is forming an Inverted Head and Shoulders pattern, a bullish reversal pattern that suggests a potential booming phase.

This pattern, combined with recent fundamental news of ANKR partnering with Tencent, the largest entertainment and telecommunications company in China, raises expectations for future growth.

Be on the lookout for a strong price pump!