What could affect ANKR's future price? (28/08/2025)

TLDR

ANKR’s price is currently down due to a combination of bearish market sentiment and technical struggles, despite recent infrastructure expansions and partnerships. Key price catalysts include:

• Market Sentiment – Broader bearish trends in the cryptocurrency market impact ANKR negatively.
• Technical Analysis – ANKR struggles to maintain key moving averages, indicating potential further declines.
• Partnership Developments – New integrations and partnerships could bolster future price recovery, particularly with the launch of Asphere’s services.

Deep Dive

1. Market Sentiment (Bearish Impact)

• Overview: The cryptocurrency market is experiencing a downturn, with many tokens, including ANKR, facing selling pressure. This is reflected in the overall market cap decline and negative price movements across various assets. ANKR’s price has seen a slight increase of 1.17% in the last 24 hours, but this is overshadowed by the broader market trends.
• What this means: A bearish market sentiment can lead to increased selling pressure, causing prices to drop further. For instance, during the 2022 crypto winter, many tokens saw significant declines as market sentiment turned negative, leading to a loss of investor confidence.

2. Technical Analysis (Bearish Short-Term)

• Overview: ANKR is currently trading at $0.0155, struggling to stay above key moving averages. The Relative Strength Index (RSI) is at 51, indicating a neutral sentiment, but the price is below critical support levels. Analysts predict potential price ranges for September 2025 between $0.015 and $0.038, suggesting limited upside in the short term.
• What this means: If ANKR fails to break above resistance levels, it may continue to decline. Historical examples show that tokens often follow bearish trends when they cannot maintain key support levels, leading to further price erosion.

3. Partnership Developments (Bullish Short-Term)

• Overview: Ankr has been actively expanding its infrastructure, particularly through its enterprise arm, Asphere. Recent milestones include the staking of over 39 million FLOW (~$15M) and the integration of RPC endpoints for Etherlink, enhancing developer access. These developments are aimed at improving performance and security for users.
• What this means: Successful partnerships and infrastructure improvements can lead to increased adoption and usage of ANKR’s services, potentially driving up demand and price. For example, similar partnerships in the past have led to significant price recoveries for other tokens, as seen with Ethereum’s growth following its scaling solutions.

Conclusion

ANKR faces a challenging environment with bearish market sentiment and technical struggles, but its ongoing partnerships and infrastructure developments present opportunities for future growth. As the market evolves, will ANKR be able to leverage its partnerships to regain momentum, or will it continue to be weighed down by broader market trends?