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The Ankr price rose 9% in the last 24 hours to trade at $0.054 as of 00:32 a.m. EST on trading volume that surged 201% to $99 million.
This comes as Ankr launched the Neura public testnet, gearing up towards the Neura mainnet, a blockchain for AI.
Launching the public testnet marks a significant milestone in our journey toward the Neura mainnet release.
Our team is as dedicated and motivated as ever to continue building and achieving the next phases of our development! https://t.co/puGPEGMhx6
— Kev Silk (@KevSilk) April 22, 2024
Ankr Price To Sustain The Bullish Stance Over The Bullish Pennant.
Since August last year, the price of Ankr has been consolidating around the $0.03 mark. As we entered 2024, ANKR experienced a decline, retracing back to the $0.02 support level, only to return to $0.03 and form a rounding bottom pattern.
This pattern marked a turning point, enabling a bullish push that elevated the price to a peak of $0.068, which now serves as the immediate resistance level. Currently, the bulls are struggling to reclaim this level, with ANKR’s price now oscillating within a bullish pennant.”
ANKR is also trading well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish rally above the upper boundary of the pennant.
Additionally, the reading on the Relative Strength Index (RSI) is trading upwards slightly above the 50-midline level at 51, which is an indication of intense buying pressure. If the bulls sustain the bullish stance, the RSI may soar to the 70-overbought region, which is an indication of continued investor optimism.
Moreover, the Average Directional Index (ADX) is also trading above level 25, currently at 29, a signal that ANKR is on a strong bullish trend.
Ankr Price Prediction
The Ankr price analysis indicates that ANKR is currently on a very strong bullish trend, poised for movements over the upper boundary of the bullish pennant. The ADX and RSI indicate that investors are in a buying frenzy, set to push the price even higher.
Additionally, the 50-day SMA is trading above the 200-day SMA, forming a golden cross at $0.022, which is also an encouragement for the bulls to push the price even higher, as they aim for $0.090.
However, in an inverse scenario, the bears could push the price down through a retrace back to the support around $0.031, coinciding with the 200-day SMA.
Meanwhile, as the ANKR price soars, investors are also buying an interesting alternative called $TUK, a project currently in its presale that crypto analyst Jacob Bury says has the potential to surge 10X after launch.
eTukTuk Presale Hurtles Towards $4 Million – Best Green Crypto To Buy Now?
eTukTuk (TUK) combines electric vehicles, blockchain technology, and Artificial Intelligence to deliver AI-powered Tuk Tuks that aim to improve not only traffic conditions but also reduce the user’s carbon footprint.
1/ The sustainable mobility market is booming globally as societies prioritize environmental sustainability and energy efficiency.
Let's delve into key trends and developments shaping this transformative sector 🧵 pic.twitter.com/A9ooNCSZ1k
— eTukTuk (@eTukTukio) April 13, 2024
Such an interesting approach has amassed a huge following, with the eTukTuk presale skyrocketing past $3.1 million in presale.
The project aims to deliver a product to developing nations first, and then to countries worldwide.
Apart from the $TUK token’s potential for growth, you can also stake your acquired tokens for an impressive 87% annual percentage yield (APY).
Introducing Buy and Stake mechanism, get $TUK tokens and instantly stake them, initiating a dynamic APY.
Early stakers enjoy higher returns as APY adjusts with participation, encouraging early adoption and a fair, enticing incentive structure for all. 💫 pic.twitter.com/pMrXEZzB3f
— eTukTuk (@eTukTukio) October 10, 2023
The project is also launching a Play-To-Earn (P2E) game in which players race around the streets of Sri Lanka while picking up and dropping off customers at different locations.
📢📢 EXCITING ANNOUNCEMENT 📢📢
We are thrilled to announce that our awaited game, Crazy Tuk Tuk taxi is now also available on the App store 🤩
Complete quests, earn rewards and compete in thrilling races 😎
Download now:https://t.co/E2rb7J8r2e pic.twitter.com/XXgV8Wgz0Y
— eTukTuk (@eTukTukio) April 21, 2024
To participate in the presale, you can buy $TUK at $0.0305 per token before the price increases in a little more than seven days.
You can buy $TUK tokens today by visiting the official eTukTuk website here. Swap BNB or USDT for $TUK tokens, or buy directly using your bank card.
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