On the daily chart, ANKR recorded mixed performances in Q1 2023. Between January and late February, ANKR rallied by over 250%, rising from $0.01535 on 1 January to $0.05750 on 21 February. The upswing saw it retest its August 2022 levels. However, it wavered towards the end of Q1.
Using the Fibonacci retracement tool, placed between December/January lows and Q1 highs, there are two key support levels to watch out for if sellers extend their gains in the next coming days/weeks. Now that Q1 saw exemplary gains while Q2 seems on the edge unless BTC reverses recent losses, what’s the current state of mid/long-term ANKR holders? Well, Santiment’s MVRV metric could offer some clues.took a market cut in late February. However, quarterly holders sustained about 19% losses as of press time, as shown by the negative 90-day MVRV.
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Source: CryptoAmb - 🏆 22. / 68 Read more »