Anchor Coin’s V-shaped recovery is remarkably applauded by the bulls as the coin broke out of the distribution area.
The crypto asset is trading high above the 20, 50, 100, and 200-days Daily Moving average.
The ANC coin has broken out of the supply zone and there remains two possibilities of break down or break out in the near future. If the bulls manage to sustain at the supply zone then there won’t be any massive breakdown of ANC coin. However, the coin may consolidate for a short interval of time. On the other hand, if bulls fail then there might be a downtrend on ANC coin’s way.
The ANC coin got support at $1.33 in its crucial demand area during its hard times. Then onwards bulls have pushed their limits to let the coin break out of the supply zone. The bulls need to sustain at the top for a few intraday trading sessions to avoid a sudden fall.
The ANC crypto price is favouring the bulls over the daily chart. The token just registered the highest peak of 2022 by breaking out of the supply zone.
Technical Levels
Support Levels: $3.42 and $1.33
Resistance Levels: $4.80 and $5.00
The crypto asset is trading high above the 20, 50, 100, and 200-days Daily Moving average.
The ANC coin has broken out of the supply zone and there remains two possibilities of break down or break out in the near future. If the bulls manage to sustain at the supply zone then there won’t be any massive breakdown of ANC coin. However, the coin may consolidate for a short interval of time. On the other hand, if bulls fail then there might be a downtrend on ANC coin’s way.
The ANC coin got support at $1.33 in its crucial demand area during its hard times. Then onwards bulls have pushed their limits to let the coin break out of the supply zone. The bulls need to sustain at the top for a few intraday trading sessions to avoid a sudden fall.
The ANC crypto price is favouring the bulls over the daily chart. The token just registered the highest peak of 2022 by breaking out of the supply zone.
Technical Levels
Support Levels: $3.42 and $1.33
Resistance Levels: $4.80 and $5.00