ANKR Price Prediction 2021-2022: Market Analysis and Opinions

By Coindoo | Coindoo | 26 Nov 2021


What is ANKR? Ankr is a cross-chain infrastructure built on the blockchain that includes a DeFi platform for staking and dApp development. It hosts a number of protocols related to dApp development and the DeFi sector. Find more about this altcoin in this ANKR price prediction.

Table of Contents

  • ANKR Price Prediction: Technical Analysis
  • ANKR Price Prediction: Market Opinions 
  • ANKR Price Prediction: Cryptocurrency Experts and Influencers 
  • Latest News and Happenings Concerning ANKR
  • ANKR Price Prediction: Verdict

ANKR Price Prediction | Introduction

In this article, we will analyze the predictability of ANKR coin across multiple forecasts to find the median ANKR price prediction. For an accurate outlook on ANKR coin price prediction, we’ll consider technical and fundamental factors, market opinion, and more, as we have done with all other price predictions. 

At the time of writing this piece, ANKR was valued at $0.1435 according to price data curated by CoinMarketCap. The market cap of the entire network stood at nearly $1.1 billion and fully diluted to $1.4 billion. These figures will go a long way in helping us unearth an ANKR coin price prediction 2030. 

ANKR coin price prediction is tied to the future of its Web3 products. The network has witnessed tremendous growth and is currently processing over $1 billion transactions per month and over 500 million calls to blockchain per day. Keep on reading for ANKR coin price prediction 2030.  

ANKR Price Prediction: Technical Analysis

Based on the recent price action, ANKR is trending close to breaking its all-time high. The price of ANKR coin saw a tight consolidation from early August to early November, proceeding with a massive breakout. This move was followed by a spike in buying pressure that set a new all-time high to charter the path for our NKR price prediction 2030.

 

Ankr price prediction Source: TradingView

ANKR price hit a dead end at $0.2499 in the first week of November and consolidated above a new level where it currently trades to date. The coiling up seen in the chart above collected enough momentum to shoot ANKR price above the $0.1401 resistance line. This upswing put ANKR under significant pressure to retest the all-time high again. 

However, all technical analysis metrics point to ANKR price prediction falling under the sword of selling pressure. The coin is likely to undergo a minor retracement and might bounce off the new support at $0.1401 to a demand zone at $0.16. A daily close above $0.1244 will indicate the capability of buyers and suggest the start of an uptrend and bullish ANKR coin price prediction. 

Ankr price prediction Source: TradingView

In such a case, ANKR price prediction is likely to rally for another rest of $0.2499 but might experience trouble on the $0.20 resistance level. This move would set the pace for another stab at the all-time high towards the end of 2021. While things are looking up for this price prediction, a breakout above $0.20 will trigger an increase in selling pressure. 

This move will likely suggest that ANKR is likely to head lower towards a support level at $0.14, where buyers can come back on a bullish ANKR priceforecast. However, the best place for this trend would be a 50.5% Fibonacci retracement level at $0.20 towards the end of 2021.  

Also readOXT Price Prediction 2021-2022: Market Analysis and Opinions

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Coindoo
Coindoo

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