Ankr Network (ANKR) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Ankr Network price prediction, the price of Ankr Network is predicted to rise by 39.83% and reach $ 0.036287 by October 13, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 32 (Fear). Ankr Network recorded 18/30 (60%) green days with 6.72% price volatility over the last 30 days. Based on the Ankr Network forecast, it's now a good time to buy Ankr Network.

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Based on the historical price movements of Ankr Network and the BTC halving cycles, the yearly low Ankr Network price prediction for 2025 is estimated at $ 0.02595. Meanwhile, the price of Ankr Network is predicted to reach as high as $ 0.117125 next year. Using the same basis, here is the Ankr Network price prediction for each year up until 2030.

Ankr Network price prediction 2025

The Ankr Network price prediction for 2025 is currently between $ 0.02595 on the lower end and $ 0.117125 on the high end. Compared to today’s price, Ankr Network could gain 355.76% by 2025 if ANKR reaches the upper price target.

Ankr Network price prediction 2030

The Ankr Network price prediction for 2030 is currently between $ 0.022551 on the lower end and $ 0.106368 on the high end. Compared to today’s price, Ankr Network could gain 313.90% by 2030 if it reaches the upper price target.

Ankr Network's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Ankr Network's 200-day SMA will drop in the next month and will hit $ 0.033089 by Oct 13, 2024. Ankr Network's short-term 50-Day SMA is estimated to hit $ 0.027411 by Oct 13, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 56.31, which indicates that the ANKR market is in a neutral position.

Popular ANKR Moving Averages and Oscillators for Sat, Sep 14, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Ankr Network Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Ankr Network Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.025206, Ankr Network has support levels of $ 0.024759, $ 0.023941, and the strongest at $ 0.023494. Similarly, Ankr Network resistance levels are at $ 0.026024, $ 0.026472, and $ 0.02729.

Ankr Network Correlation

Over the past 7 days, Ankr Network price was most positively correlated with the price of and most negatively correlated with the price of .

Ankr Network price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with Ankr Network indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Ankr Network, a move in one direction for Ankr Network would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Ankr Network price in the future, it’s helpful to also explore Ankr Network’s price history. In the last month, the ANKR/USD pair is down .

How to read and predict Ankr Network price movements?

Ankr Network traders use a variety of tools to try and determine the direction in which the ANKR market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Ankr Network price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Ankr Network Price Prediction Indicators

Moving averages are among the most popular Ankr Network price prediction tools. As the name suggests, a moving average provides the average closing price for ANKR over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for ANKR is a sum of ANKR’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the ANKR price moves above any of these averages, it is generally seen as a bullish sign for Ankr Network. Conversely, a drop below an important moving average is usually a sign of weakness in the ANKR market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the ANKR price.

How to read Ankr Network charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Ankr Network with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Ankr Network’s price action in 1-hour chunks. Each candlestick will display ANKR’s opening price, closing price, as well as the highest and lowest prices that Ankr Network reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Ankr Network?

Just like with any other asset, the price action of Ankr Network is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of ANKR. The market capitalization of Ankr Network can change significantly in a short period of time.

When trying to make a Ankr Network forecast, many traders also try to monitor the activity of ANKR “whales”, which are entities and individuals that control large amounts of ANKR. Since the Ankr Network market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Ankr Network’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.