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Here’s why ANKR is up by 41% within the last a day

The cryptocurrency market is trading in debt zone heading in to the weekend, with most coins and tokens underperforming right now.

It’s been a net positive week for the cryptocurrency market, however the bears come in control prior to the weekend. The marketplace has lost nearly 2% of its value in the last 24 hours, with the full total market cap still above $1.1 trillion.

Bitcoin has slipped below the $24k mark after failing woefully to mount a rally at night $25k resistance level on Thursday. Ether continues to be trading at around $1,900 per coin and is up by significantly less than 1% within the last 24 hours.

However, ANKR, the native coin of the Ankr protocol, is the greatest performer between the top 100 cryptocurrencies by market cap. ANKR is up by 41% within the last 24 hours, outperforming another major cryptos along the way.

The rally comes a couple of hours after Binance Labs, the capital raising arm of Binance, announced its strategic investment in Ankr.

Binance Labs said the investment is aimed toward ramping up the task on Ankrs remote procedure call (RPC) service and building out its Web3 developer suite. Additionally it is the initial major investment by Yi He since she was appointed because the head of Binance Labs.

Key levels to view

The ANKR/USD 4-hour chart is incredibly bullish as Ankr has been performing excellently during the last 24 hours.

The MACD line is deep within the positive zone, because of ANKRs ongoing rally. The coin could soar higher with support from the broader crypto market on the coming days.

The 14-day RSI of 76 demonstrates ANKR is near entering the overbought region. At press time, ANKR is trading at $0.04942 per coin. If the rally continues, it might surge at night first major resistance level at $0.05486 prior to the end of your day.

However, ANKR would want the support of the broader market to go at night $0.06345 resistance level for the very first time since May.

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