What could affect ANKR's future price?

TLDR

ANKR’s price is down 2.20% today, reflecting a broader bearish trend in the market. Key factors that could influence ANKR’s future price include:

• Market Sentiment – Ongoing bearish trends in the crypto market could lead to further price declines in the short term.
• Technical Analysis – ANKR is struggling to maintain key moving averages, with resistance around $0.0178 and support at $0.015.
• Partnership Developments – Strategic partnerships and infrastructure expansions, particularly with Flow and Etherlink, could bolster long-term price recovery.

Deep Dive

1. Market Sentiment (Bearish Impact)

• Overview: The overall cryptocurrency market is experiencing a downturn, with many tokens, including ANKR, facing selling pressure. The Fear and Greed Index currently sits at 49, indicating a neutral sentiment but leaning towards fear, which often leads to price declines.
• What this means: Historical trends show that prolonged bearish sentiment can lead to significant price drops. For instance, during the 2022 crypto winter, many tokens lost over 80% of their value. If the current sentiment persists, ANKR could see further declines, potentially testing support levels around $0.015.

2. Technical Analysis (Mixed Impact)

• Overview: ANKR is currently trading at $0.0156, struggling to stay above key moving averages. The Relative Strength Index (RSI) is at 49, indicating a neutral position, while the price has faced resistance at $0.0178. Analysts predict a potential price range of $0.015 to $0.038 for September 2025.
• What this means: If ANKR can break above the resistance at $0.0178, it may signal a bullish reversal. Conversely, failure to hold above $0.015 could lead to further bearish pressure, similar to past instances where tokens failed to maintain critical support levels.

3. Partnership Developments (Bullish Impact)

• Overview: Ankr is actively expanding its infrastructure and forming strategic partnerships, notably with Flow, which has seen its total value locked (TVL) nearly double to $11.7 million. Additionally, Ankr has integrated RPC endpoints for Etherlink, enhancing developer access and reducing latency.
• What this means: These developments could enhance Ankr’s utility and adoption, potentially leading to increased demand for ANKR tokens. For example, the partnership with Flow has already positioned Ankr as a key player in the liquid staking market, which could drive future price appreciation if adoption continues.

Conclusion

The key inflection points for ANKR’s price will hinge on market sentiment, technical performance, and the success of strategic partnerships. As the crypto landscape evolves, will Ankr’s infrastructure expansions be enough to counteract the bearish market trends, or will it struggle to maintain its position?