Ankr Long-Term Ascending Channel & 2025 ATH (1,840% Potential)

7 days ago

Good afternoon my fellow trader,

Here we have Ankr Network (ANKRUSDT) and we can easily spot a long-term ascending channel. The channels bottom happened December 2022, which signals the end of the last bear-market and we have higher highs and higher lows ever since. This pair has been growing for almost two years straight and is preparing for the 2025 bull-market.

The most recent higher low was hit in August this year and we have some early bullish action. The low in August 2024 activated the same support range that was hit in September and June 2023, but still a higher low which is a signal of strength. We can expect a long-term higher high in 2025 which means a new All-Time High.

We have two targets for the All-Time High. The shy target and the main target.

➢ The shy target sits around $0.33 for a total of 1,120% growth potential.
➢ The main target sits around $0.53 for a total of 1,840% potential for growth from current price.

These are good numbers. Seeing that this pair has been in a long bullish consolidation for years tells us that these targets are do-able on the next bullish run.

Thank you for reading.

Namaste.