The price is moving in an ascending channel in the daily time frame.
After reaching the ceiling of the channel and the price area of $0.0700, #ANKR started to decrease, and we see more than 50% correction. Now, the price has reached the bottom of the ascending channel. Strong bearish candles have formed in the chart, which shows the strength of the sellers.
We expect price will be support from these areas, and after a little rest, it will start to grow and continue to grow again until the top of the channel.
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