Analyst Highlights 285% Gain Potential and Breakout Opportunities, Is ANKR Ready to Soar?

$ANKR’s consolidation phase increases the chances of a 285% surge to $0.1614, with further potential for a 639% rally.

Historical price action shows cyclical patterns, setting the stage for an upward trend, potentially pushing $ANKR to $0.30761.

$ANKR’s rounded bottom and steady gains signal a possible breakout, with $0.1614 and $0.30761 acting as key resistance levels.

According to analyst Javon Marks, the coin's consolidation phase increases the chances of a surge to $0.1614. This target is a potential 285% gain from current levels. Furthermore, breaking past $0.1614 could propel $ANKR another 80% higher, reaching $0.30761. If achieved, this would signify a 639% rally from its current value.

Historical Price Action Sets the Stage

Examining $ANKR’s price history reveals a cyclical pattern. In early 2022, the asset soared to an all-time high before entering a steep downtrend. The bearish phase, defined by lower highs and lows, persisted for months, eroding market confidence. However, by mid-2022, $ANKR entered a period of stabilization. During this phase, reduced volatility and declining trading activity signaled market consolidation.

Source: Javon Marks

This sideways movement prepared for a modest breakout in late 2022, becoming the beginning of a new upward trend. In early 2023, heightened volatility resulted in a sharp price spike followed by a corrective phase. This correction shaped a rounded bottom, suggesting a potential market recovery.

Breakout Momentum and Key Resistance Levels

As 2025 begins, $ANKR displays higher lows and steady gains, indicating renewed bullish momentum. Javon Marks highlights two critical resistance levels: $0.1614 and $0.30761. These levels represent potential breakout points that could attract market activity. Moreover, spikes in trading volume during previous breakout phases reinforce the importance of these levels.

Additionally, $ANKR’s rounded bottom formation in 2023 and subsequent consolidations show its potential for sustained upward movement. Historical volume trends reveal heightened market participation during critical price shifts, adding credibility to the ongoing rally.

Javon Marks emphasizes that $ANKR’s cyclical price patterns and strong technical structure create an optimistic outlook. Besides, the ongoing breakout momentum and key resistance levels could catalyze a rally