Can ANKR add to its 70% weekly gains?

  • Ankr (ANKR) price rose 70% last week, but the positive news has more than doubled its value over the 30-day timeframe.
  • Ankr has partnerships with Microsoft and Tencent.
  • The ANKR price outlook could retest the $0.058 resistance line and move higher or even reverse to the recent demand zone.

Ankr (ANKR) price surged to its highest since August 2022, with bulls testing a key resistance area above $0.05.

Tokens slashed some of Wednesday’s gains, but the massive daily candlesticks seen on Tuesday helped keep weekly gains above 70% and 30-day gains above 100%. rice field.

Ankr Price Prediction Amid Massive Microsoft-Tencent Partnership

ANKR broke the $0.058 high when tech giant Microsoft announced a partnership with its blockchain platform.

As covered by CoinJournal, the deal between Ankr and Microsoft is set to provide node services, focused on making blockchain data easily accessible to businesses and organizations. increase. Microsoft supports the service through Microsoft’s Azure Marketplace.

Our partnership with Microsoft builds on another major collaboration with Tencent Cloud.and announcementthe company said it has signed a memorandum of understanding (MoU) with a Web3 infrastructure provider.

The news has greatly helped ANKR’s price action over the past two days, with the cryptocurrency trading nearly 40% higher since Tuesday’s giant candle.

What’s next for Ankr (ANKR) price?

The price of ANKR is up about 6% on Coinbase as of 13:30 ET on February 22nd, hovering around $0.049.

Although down from yesterday’s highs, the price is still close to a key resistance line and if it breaks out, it will not only retest the $0.058 supply wall, but also $0.066 and $0.100 in early May and early April, respectively. The daily and weekly RSI indicators are trending bullish to support this outlook.

Ankr price chart showing major gains over the last two days. sauce: TradingView.

However, if the price turns bearish in the short term, it may return to the old recent demand zone of $0.031 and $0.015.Matthew Dixon, CEO of Evai, a cryptocurrency valuation platform Predict ANKR price may even drop to an all-time low.

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