The crypto-infrastructure provider, Ankr, saw major investments and partnerships in the past few months. ANKR's price prediction suggests...
On the daily chart, ANKR recorded mixed performances in Q1 2023. Between January and late February, ANKR rallied by over 250%, rising from $0.01535 on 1 January to $0.05750 on 21 February. The upswing saw it retest its August 2022 levels. However, it wavered towards the end of Q1.
Using the Fibonacci retracement tool, placed between December/January lows and Q1 highs, there are two key support levels to watch out for if sellers extend their gains in the next coming days/weeks. Now that Q1 saw exemplary gains while Q2 seems on the edge unless BTC reverses recent losses, what’s the current state of mid/long-term ANKR holders? Well, Santiment’s MVRV metric could offer some clues.took a market cut in late February. However, quarterly holders sustained about 19% losses as of press time, as shown by the negative 90-day MVRV.
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