Deep Dive
1. Technical Breakdown (Bearish Impact)
Overview: ANKR trades at $0.00754, below its 7-day SMA ($0.00775) and 30-day SMA ($0.00852). The RSI-14 sits at 38.71 (neutral but leaning oversold), while the MACD shows weak momentum (-0.000428 MACD line vs -0.000478 signal line).
What this means: The break below $0.00775 triggered stop-losses, accelerating selling. With no immediate support until $0.00721 (September swing low), traders lack confidence to bid aggressively. The 24h volume of $5.63M (-11.25% vs prior day) confirms thinning liquidity.
What to watch: A close above the 7-day SMA ($0.00775) could signal short-term relief.
2. September Validator Incident Fallout (Bearish Impact)
Overview: On September 11, Ankr-operated Ethereum validators on SSV Network were slashed due to a key management error during maintenance (SSV Labs post-mortem). While resolved, the event impacted 39 validators and eroded staker confidence.
What this means: Validator reliability is critical for Ankr’s core staking/RPC business. The incident raised questions about operational safeguards, potentially slowing institutional adoption. Staking inflows have yet to recover – TVL remains at $39.78M, down 45% from its 2025 peak.
3. Altcoin Weakness (Mixed Impact)
Overview: Bitcoin dominance rose to 58.79% (up 0.15% in 24h), while the Altcoin Season Index sits at 19/100 – deep in “Bitcoin Season” territory.
What this means: Investors are favoring BTC amid macroeconomic uncertainty (fear index: 22/100). ANKR’s 24h correlation with BTC is 0.84, meaning it’s being dragged down by sector-wide outflows despite recent partnerships like RPCfi with Neura.
Conclusion
ANKR’s decline reflects technical breakdowns, sector-wide risk aversion, and delayed trust rebuilding post-September. While infrastructure partnerships (e.g., Xphere, Monad RPCs) aim to boost utility, token demand hasn’t kept pace with supply – 10B coins remain fully liquid.
Key watch: Can ANKR hold the $0.00721 Fibonacci support? A breach could invite a retest of 2025 lows ($0.0072).