Ankr Price Prediction 2021 – Will ANKR Price Hit $0.5 Soon?

This Ankr (ANKR) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ANKR price analysis and prediction.

Over the past few weeks, the entire crypto market looks to be making a fast recovery. After the dip two months back, the crypto market was growing steadily. At present, it seems that the crypto industry might finally be on the up and up again.

Will ANKR experience the same price volatility? We’ll find out soon in this ANKR price analysis 2021 article. But first, let’s have a look at what ANKR is.

What is Ankr (ANKR)?

Ankr is a solution that uses shared resources to make the process of hosting blockchain nodes more affordable and easy. The platform was founded in November 2017, it has also created a marketplace for container-related cloud services via the usage of shared resources.

More so, the platform offers developers and enterprise clients the power to deploy the blockchain nodes easily at a very low cost on comparing to public cloud providers. Moreover, hosting nodes on the blockchain takes away the centralization issues of the Ankr and single point of failure.

In addition, the public blockchains can engage in communities and offer assistance to their networks. Even more, the Ankr focuses to develop an infrastructure platform and marketplace for Web3-stack deployment to enhance resource providers also the end-users to connect to blockchain technologies and DeFi applications.

Notably, the Ankr proprietary platform works independently on comparing it to the providers of public cloud and which is totally based through geographically distributed data centers to raise its stability and resilience levels.

Now that we are clear about ANKR do you think ANKR will be beneficial crypto in 2021? Join me and let us see the charts in this ANKR price analysis and ANKR price prediction.

ANKR Current Market Status

As of the time of writing this Ankr price analysis, ANKR trades at $0.103 with a 24-hour trading volume of $124,831,165. The price of ANKR has decreased by 12.18% in the last 24 hours.

Currently, the top cryptocurrency exchanges for ANKR are Binance, Huobi Global, Mandala Exchange, CoinTiger, and Bybit. Now, let’s go to the next part of this ANKR technical analysis for 2021.

ANKR Price Analysis 2021

Currently, ANKR holds 101st place on CoinMarketCap. But will the latest upgrades, development, and changes in the ANKR blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ANKR price prediction article.

Based on the chart above, ANKR positions itself along with the raging bulls. Today, ANKR trades at a high price of $0.1025. In addition, we can see that ANKR recently performed an ascending Channel pattern. An ascending channel is the price action that occurs in an upward direction through a falling parallel line.

More so, the chart shows the higher highs and higher Lows form the above price pattern. In addition, this pattern indicates a short-term bullish.

In other words, ANKR is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go above its resistance level and reach a bullish price. Of course, this is most likely to happen if the bullish market continues to reside with ANKR.

Conversely, if the bulls turn against crypto, the price of ANKR might decrease. In short, ANKR might break out from its uptrend position and nosedive to a bearish price. Indeed, this price level is not a good picture in the eyes of the investors.

The Relative Strength Index (RSI) is at 36.71, which means that ANKR is in a nearly oversold state. With this traders need to stay cautious while trading, turning away from further losses.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of ANKR.

Since the start of 2021, ANKR’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, ANKR has a competitive market this 2021.

ANKR Price Prediction 2021

The chart below shows that ANKR has performed great over the past few days. Moreover, the ANKR price shows a bullish trend. If this trend continues, ANKR might run along with the bulls, overtaking its $0.304 resistance level and moving even higher to $0.5.

Conversely, if the investors turn against the crypto, the bears might take over and push ANKR from its uptrend position. In simpler terms, the price of ANKR might decrease to almost $0.089, a bearish signal.

Meanwhile, our long-term ANKR price prediction for 2021 is bullish. It has a high possibility of reaching new heights. More so, that will only happen if it breaks many previous psychological resistances.

ANKR Price Prediction 2022

If this bullish trend continues, Ankr will reach $1 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $2. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $1 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

ANKR Price Prediction 2023

If ANKR holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $3.5, making it not plummet but play consistently.

ANKR Price Prediction 2024

As per the latest upgrades, developments, ANKR price prediction, and new project forecasts of the platform, ANKR investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ANKR in the crypto market, and it will be the best investment as the price can spike and reach around $5.

ANKR Price Prediction 2025

In the next four years, ANKR’s price could race up to $8. However, reaching this level could not be so difficult for ANKR as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ANKR has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Ankr has a bright future ahead of it in 2021. With the ongoing developments happening within the ANKR ecosystem, as well as in the overall crypto market, we may see ANKR reach new heights.

Bullish ANKR price prediction 2021 is $0.5. As said above, it may even reach its new ATH if investors have decided that ANKR is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.