ANKR Gained 12% In The Last 24 Hours. What’s Pushing It?

Although it hasn’t been easy, the crypto market has been on its recovery journey since mid-July. There have been some rallies that didn’t last long, followed by extended periods of pullbacks that caused more panic. So, no one can say what direction to expect in the short term. But while some tokens struggle to remain afloat, others seem to be making positive leaps. For instance, the ANKR price movement in the last 24 hours has shocked many in space. Related Reading: Ethereum ETH Back On Track Race, Will ETH Reclaim $2,000 again? The token gained 12% between August 24 and early August 25, while others struggled to hold their price marks. At the time of writing, the ANKR has grown to 19.89%, making it to be the best performing crypto among the top 100s by market cap. ANKR/USD 4-Hour Chart Trend This price chart shows the bullish trend for ANKR from August 24 to 25. The MACD line is pushing to cross above the signal line, indicating a bullish trend. Also, ANKR’s 14-day RSI is at 61, meaning an imminent move to the overbought region. If the token price climbs from the lower left to the upper right of the chart, it has entered the territory. Once ANKR enters the overbought region, it has sustained its upward price movement for a more extended period with lesser pullbacks. This could happen if the ongoing momentum continues. Currently, the ANKR price stands at $0.04211, a gradual climb from $0.0409 earlier today. I...