Technical Analysis Crypto

Anchor Protocol(ANC) Technical Analysis: ANC Price Eye’s at 18% Upswing This Week!

Crypto Price Prediction

KEY TAKEAWAYS

  • The ANC price closed the previous day’s close at $2.825 with a market capitalization of $769.63 million and a circulating supply of 264,577,677.49 ANC
  • The price has flipped from the huge descending channel and trying hard to sustain with an uptrend
  • Anchor Protocol may undergo an uptrend of nearly 20% to hit the immediate resistance and also maintain the trend further

ANCHOR PROTOCOL(ANC) TECHNICAL-ANALYSIS FOR TODAY: 16 MARCH 2022

The asset maintained a descending trend ever since it smashed its highs close to $6. Currently, it traded within a strong bearish trend throughout the previous day’s trade to hit the bottom levels around $2.66. However, as the end of the day’s trade approached, the asset flipped hard and ignited a decent uptrend which continued until the press time.

Despite a notable selling volume, the asset maintained a significant uptrend and hence it appears that the bears may not impact the rally to a large extent. Therefore, the ANC price may continue rising high, nullifying the bearish accumulation and regaining the levels above $3 to end the day’s trade.

Additional Read: Anchor Protocol Price Prediction

ANC /USDT TECHNICAL-ANALYSIS FOR SHORT-TERM

Source: Tradingview

  • The price falling from the cliff of the mountain compelled the asset to swing within a falling wedge
  • The recent flip displayed the preparations of the asset to barge in through the resistance and hit the immediate resistance
  • The ANC price may slowly yet steadily rise hit to achieve the important resistance levels at $3.52 and continue rising high close to $4, where it may face a rejection
  • However, the rejection may not drag the price below $3.5, as a strong flip may be ignited at these levels
  • Further with a strong flip, the asset may rise high to test the mandatory resistance close to $4.5.

Click here to read detailed technical analysis of Anchor Protocol 

Read detailed price prediction of trending coins on CoinDCX Crypto Technical Analysis Section


Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to .
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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