There are times things in crypto can be absurd.
Luna’s popularity was due to Anchor Protocol’s lending program, which promised annual yields of almost 20 percent.
Terra crashed, and Anchor Protocol’s token ANC pumps above 300% in the last 24 hrs.
Analysis (Fibonacci Extension):
Anchor Protocol facing strong resistance @ 100% Fib Ext. level - A repeat of the earlier rally rejection at the same fib level.
How far can this Anchor Protocol's rally continue?
Not a financial advise, I suggest using this only as a guide - Do your own research.
If you have any questions, kindly write in comments below - I will answer them.
Kindly support this idea with your like and comment, thank you.
Luna’s popularity was due to Anchor Protocol’s lending program, which promised annual yields of almost 20 percent.
Terra crashed, and Anchor Protocol’s token ANC pumps above 300% in the last 24 hrs.
Analysis (Fibonacci Extension):
Anchor Protocol facing strong resistance @ 100% Fib Ext. level - A repeat of the earlier rally rejection at the same fib level.
How far can this Anchor Protocol's rally continue?
Not a financial advise, I suggest using this only as a guide - Do your own research.
If you have any questions, kindly write in comments below - I will answer them.
Kindly support this idea with your like and comment, thank you.