I’m watching $ANKR /USDT on the 4H, and the chart looks firm, but not clean. Price bounced hard from 0.004648 and tapped 0.005466, so buyers clearly showed up. But that quick pullback after the spike tells me sellers are still leaning on this area. Fine. That is normal.
MACD is above zero and RSI sits near 58. That means momentum leans up, but it is not stretched yet. I think of RSI like engine heat. Warm is healthy. Too hot, and parts start to shake loose. Volume also expanded on the push, which gives this move more weight than a thin candle pop.
Better opportunity may come on a hold above 0.00515, or a dip back near 0.00500 with strong buyer response. I do not call this trend change yet. To me, it looks like a market asking for proof. So, who blinks first here, late buyers or trapped sellers?
ANKR
0.00504
+1.61%