What could affect ANKR's future price? (30/08/2025)

TLDR

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

• Market Sentiment – Broader market trends and investor sentiment are currently bearish, impacting ANKR’s price negatively.
• Technical Analysis – ANKR is struggling to maintain key support levels, with a current price of $0.0153, indicating potential further declines if it fails to hold above $0.015.
• Partnership Developments – Upcoming partnerships and integrations, particularly with Asphere and Flow, could provide bullish momentum in the medium term.

Deep Dive

1. Market Sentiment (Bearish Impact)

• Overview: The cryptocurrency market is experiencing a bearish phase, with many tokens, including ANKR, facing downward pressure. The overall sentiment score for ANKR is neutral at 53, but the fear and greed index stands at 50, indicating a lack of strong bullish sentiment. This is compounded by a 24-hour price change of +0.99%, which is relatively stagnant.
• What this means: If the broader market continues to decline, ANKR could see further price drops. Historical examples show that during bearish trends, tokens often lose significant value; for instance, during the 2018 bear market, many altcoins lost over 90% of their value.

2. Technical Analysis (Bearish Short-Term)

• Overview: ANKR is currently priced at $0.0153, struggling to maintain above critical support levels. The Relative Strength Index (RSI) is at 51, indicating a neutral sentiment, but the token has been unable to break above key moving averages. Analysts predict a potential price range for September 2025 between $0.015 and $0.038, with a bearish trend persisting unless a breakout occurs.
• What this means: If ANKR fails to hold above $0.015, it could trigger further selling pressure, leading to a test of lower support levels. Comparatively, tokens that break below key support often see accelerated declines, as seen with many altcoins during market corrections.

3. Partnership Developments (Bullish Short-Term)

• Overview: Ankr is actively expanding its infrastructure through strategic partnerships, particularly with Asphere, which is developing the Heurist Chain for decentralized AI compute coordination. Additionally, Ankr has integrated RPC endpoints for Etherlink, enhancing developer access. These developments are expected to improve the platform’s utility and attract more users.
• What this means: Successful partnerships can lead to increased adoption and usage of the ANKR token, potentially driving prices higher. For example, when similar partnerships were announced by other blockchain projects, they often resulted in price surges of 20-50% in the following weeks.

Conclusion

ANKR’s future price trajectory hinges on its ability to navigate current bearish market conditions while leveraging its strategic partnerships for growth. As the market evolves, will Ankr’s infrastructure developments be enough to counteract the prevailing negative sentiment, or will it succumb to broader market pressures?