Anchor Protocol Price Prediction 2023: Can the Bulls Rise the ANC Price Over $0.1?

Key Takeaways:

• The Anchor Protocol price has been maintaining a steep bearish trend for a long time with diminished volatility 
• The recent trade setup indicates the possibility of a bullish rebound as market participants shift their focus back onto the token
• The technicals, which were grounded for a long time, are displaying some variation that may increase the volatility, compelling price to rise towards the north 

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Anchor Protocol Overview

Anchor Protocol Technical Analysis

Source: Tradingview

• In the short term, the ANC price is trading within a decisive symmetrical triangle and the current bearish action may drag the price lower
• The RSI is displaying a bearish divergence but may certainly not reach the lower support and may trigger a rebound in mid-way
• This may spark a rebound soon after the price hits the lower support, and with this, it may find itself at the peak of the consolidation. 
• The price may surpass the upper resistance of the triangle and reach the interim high at $0.01.

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Anchor Protocol Price Prediction for this Week

The price has been trading within a very narrow range with diminished volatility and volume. The trading volume quickly spiked at the beginning of the week and began to rise effectively. Currently, the ANC price has been displaying enough volatility to keep up the momentum for the rest of the week. As the end of the week is fast approaching, the price may attempt large moves and may close the weekly trade on a bullish note. The ANC price may eliminate a zero from its price by the end of the week and trade above $0.0095.

Anchor Protocol Price Prediction July 2023

The Anchor Protocol price had risen finely for the first 35 to 40 days of 2023 and, after marking the yearly highs, triggered a steep bearish trend. The rally has followed the same trend until now. However, as the trade is heading toward the monthly close, the price is expected to maintain a consolidated trend.  The recent trade setup indicates that price volatility is increasing, which could offer the required momentum to set up a fine upswing. Therefore, the price may maintain a healthy upswing and close the monthly trade around $0.012.

Anchor Protocol Price Prediction 2023

Anchor Protocol Price Forecast 2024

The Anchor Protocol price is expected to carry forward the same bullish momentum that it ignited during the last few days of 2023. The price may quickly rise, secure levels above $0.022, and mark interim highs above $0.25 by the end of the first quarter. The price may further lower its pace and begin to shed some of its gains. The price may drop by 15% to 20% by the end of the first half of 2024 and begin to consolidate within narrow regions. During the second half of the year, the markets may trigger a strong upswing, which may transform into a bull run. Hence, at the beginning of the final quarter, the ANC price is believed to trade around $0.075 to $0.089. 

Anchor Protocol Price Forecast 2025

The bullish momentum may carry forward from the 2024 close, and after trading close to $0.1, the price is believed to surpass these levels in the first few days of 2025. The price may maintain a healthy upswing later and mark new highs for the year at around $0.4 to $0.68. Moreover, the bulls are expected to lift the price above a dollar before it triggers a correction. The price may be expected to retrace, but the bears may jump in to transform the descending trend into a bear market. The price may drop below $0.8 initially, and further down, the downswing may intensify and mark levels around $0.65 by the end.

Anchor Protocol Price Forecast 2026

The ANC price may carry forward the bearish trend that it began in the last few weeks of 2025. The trend is expected to remain largely bearish throughout the year, but the bulls may also intervene and help the price remain above the crucial support. However, with each bullish push, the price may experience an extended fallout as the market participants could have landed in FUD and extracted small gains. Therefore, the trend is speculated to maintain a steep descending trend under an extreme bearish influence until the end of the year. The price may trade around $0.078 to $0.093 by the end of 2026.

Anchor Protocol Price Forecast 2030-2050

Considering the trends in the crypto market since its inception, bull and bear markets have occurred at frequent intervals over the past decade. Therefore, if the price is under the bearish influence now, it may eventually begin a healthy upswing in the future. By the year 2030, the ANC price may be 3x to 4x ahead of the current price. Maintaining a steady upswing, the price may further rise and mark a new milestone by 2050.

Anchor Protocol Price History

What Influences the Price of Anchor Protocol?

The market’s volatility influences the crypto price to a large extent. However, volatility is influenced by a variety of factors, which can cause prices to fall or rise. For example, regulatory concerns may create huge FUD, slashing prices harder. On the other hand, with massive adoption by the industry, the trend may shift in favor of bulls. 

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Should You Invest in Anchor Protocol?

Anchor Protocol has been trading under the acute bearish influence since the beginning of the bear market and is expected to fly high with a slight change in market trends. Besides, the technicals are slowly turning bullish, which may trigger a fine upswing ahead. Therefore, with deeper market research and price analysis, one can consider ANC as a good investment option.