Ankr coin is one of the best performing cryptocurrencies currently. The cryptocurrency started off on a strong uptrend in the beginning of the week and the bulls are going strong for it. At the time of writing, Ankr stands at a price level of $0.086. The price of the cryptocurrency has increased by 15% in the past twenty-for hours. It has also been one of the top performers in the weekly timeframe with a gain of 46%. Ankr is the ninety-sixth largest cryptocurrency in the market.
Technical analysis
The market sentiment for Ankr coin is bullish given the strong uptrend. Fifteen out of the total twenty-six technical indicators are giving out a signal of buy. Eight of the remaining indicators are standing at a neutral position while only three are bearish with a sell signal. Both the oscillators and moving averages are bullish.
Ankr coin has been portraying increased bullish momentum for a week now. The cryptocurrency has been going upwards. The recent shift in the trend of the cryptocurrency market has resulted in price rallies for many cryptocurrencies – including Ankr. Ankr’s straight downward trajectory has been effectively reversed. The recent candles in the daily timeframe are all bullish. Ankr coin has also crossed a major level at $0.079. According to a trader’s analysis, the breaking of the level indicates the activation of a price target at $0.10. Although the cryptocurrency has rejected previously bullish projections, the current projection may hold.
What is Ankr coin?
Ankr was founded in 2017 with the aim of decreasing the need for centralized hosting servers for blockchain nodes. Ankr coin utilized idle computing resources for node hosting. The solution of Ankr enables developers to host blockchain much more cheaply and efficiently – decreasing the need for centralized hosting service-providers. The platform also has a few developments planned for the network. Ankr plans to design an infrastructure and a marketplace for Web3-Stack deployment.
