The current price of ANKR/BTC is: 0.00000012 (close to the lowest point the chart has shown).
The general trend is clearly downward for a long time (since July 2023 until now) with continued breaking of support levels.
The moving averages (MA7, MA25, MA99) are all above the current price → a strong signal that the market is still under selling pressure.
The trading volume is very low compared to previous peaks → there is no large liquidity entering to support an increase.
The probabilities in the coming days:
🔻 The decline is closer:
There are no technical signals indicating a reversal (like breaking resistance or an increase in volume).
Continuing to trade below MA7 and MA25 means that the downward trend is ongoing.
🔺 The rise is possible but weak in the short term:
A slight rebound may occur if unexpected liquidity enters, but it will likely be limited at levels:
First resistance: 0.00000016
Second resistance: 0.00000023
In summary:
Short term (days): the trend is downward or sideways with a weak rebound possibility.
Medium term: we need to see large liquidity or strong news for the price to actually reverse.
Advice: Watch the volume and any clear break of the level 0.00000016, at that point a real rise may begin.
#ANKR/USDT #ankr