Ankr Network Price Prediction: 2024, 2025, 2030

ANKR price prediction: Key highlights

1. Primary support and resistance levels

• An examination of the weekly chart revealed that the lowest support level was established at $0.018.
• Meanwhile, the highest resistance level is expected to be at $0.12.

2. Market sentiment

• The dominant market sentiment is seen to be robustly bullish in April 2024.

3. Predictive forecasts

• Based on our AI/ML predictive models, the average price of ANKR is projected to be around $1.7 in 2028, with a future increase to more than $13 in 2031.

Check out the comprehensive weekly technical analysis of ANKR, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

ANKR technical analysis: Can the bulls stave off a correction?

The analysis of ANKR on the weekly chart provides a comprehensive understanding of its price movements and potential future trends, with a particular focus on the Ankr Network price prediction for 2024 and beyond.

The review period commenced on a bearish note as ANKR's value depreciated, turning $0.032 support into resistance by late April. This downtrend led the price to reach its lowest support level within the analyzed timeframe, bottoming out at $0.018 in June.
 

In a notable mid-month effort, bulls endeavored to reverse the trajectory, momentarily elevating the price above the $0.023 mark. This attempt to regain footing succumbed to selling pressure, with the retracing back to the lowest support by mid-August. 

From September onwards, an increase in bullish candlestick patterns was observed. Simultaneously, the price began its ascent. After reclaiming the $0.023 level in November, the price proceeded to test the $0.032 level in mid-December. Despite being rejected at this level, the subsequent decline did not reach previous lows. Further decreases were halted at $0.023 in the new year.

This level served as a launchpad for a more pronounced rally in February. The momentum carried the price beyond the $0.032 resistance, setting the stage for an ambitious push toward new heights.

After a minor pullback below $0.050 in mid-March, another surge towards the end of the month propelled the price to retest the higher resistance level of $0.059. At the time of writing, the altcoin was trading at $0.053, effectively challenging this high.

The surge in optimism during March was driven by Ankr's announcement of expanding its Decentralized Physical Infrastructure Network (DePIN). This was a pivotal step towards achieving a more decentralized Web 3.0 ecosystem. Additionally, the company revealed partnerships with other key network providers, further solidifying its commitment to the expansion.
 

Building on this momentum, if the current trajectory continues with sustainable buying pressure, the bulls can likely target $0.09 next. On the upside, $0.12 can be on the cards this year. This level has not been tested since December 2021, so it might lead to some pushback.
 

Nonetheless, given the high possibility of a correction, the price can likely experience high selling pressure in the coming weeks. If the current support breaks, $0.041 can provide a good cushion for the bulls.

Our predictive models anticipate that the average price of ANKR will reach $1.7 in 2028. Moreover, future predictions envision a substantial increase in value, with the price possibly surpassing $13 by 2031, reflecting optimistic market sentiment and growth expectations.

ANKR's 2024 roadmap: Key indicators to watch and trade

• The Moving Average Convergence Divergence (MACD) indicator fell below both the signal line and the zero line in May. This indicated the start of a bearish phase. Additionally, the signal line turned negative mid-month. 
• The MACD remained mostly below the signal line until October, aside from a brief surge above it in August. Since October, the MACD has been on an upward trajectory.
• It crossed into positive territory in December, with the signal line following suit by month's end. A temporary dip below the signal line occurred between late January and mid-February, but it quickly reversed, showing exponential growth. As the analysis concluded, the MACD stood at 0.00725, the signal line at 0.00422, and the histogram at 0.0032032.
• The trading volume was notably low during the periods dominated by bearish trends. Although there was a slight increase in trading volume during the late 2023 rally, it decreased thereafter. 
• From mid-February onwards, coinciding with price spikes, there was a significant uptick in volume. It suggested a strong and potentially more sustained interest from buyers. 
• The Bollinger Bands began to contract in late May, following the price drop below the 20-week moving average (MA) earlier that month. Slight expansions were first observed in June when the price dipped slightly below the lower band.
•  A noteworthy movement occurred at the end of October when the price ascended above the MA. It marginally surpassed the upper band in December, prompting another slight expansion of the bands.
• After a brief dip below the MA from the end of January to February, the price reclaimed its position. It consistently breached the upper band from the end of February until the close of the analysis period. This led to a substantial widening of the bands. It indicated an overvalued market condition, signaling potential volatility and market adjustments ahead.