Technical Analysis: Sunday's ANC Drops to Over 20%

WAVES has risen to close to 60% over the past week, despite this.

Anchor protocol (ANC).

After a string of record highs on Wednesday and Saturday, anchor protocol fell by more than 20% as bears finally returned to the market.

This momentum was halted by Anchor protocol, which had been trading higher for five consecutive session.

ANC/USD dropped to $4.55 intraday after a previous high of $5.95 at the beginning of today's session.

This means that the ANC's current price record is now at $6.18. It comes after upward momentum seems to have waned.

For a large portion of the run, prices were too high. Many saw it as inevitable that there would be a fall.

After climbing as high as 86 this week, the 14-day RSI is now below 63.

WAVES

After recovering from Yesterday's decline, WAVES has maintained its #48 ranking as the most popular cryptocurrency in circulation.

Today's movement in WAVES/USD is due to prices rebounding higher and are now marginally under resistance at $19.50

WAVES gained to $19.16 intraday after a low of $16.82 Saturday. This is less than $2 from its highest point since December 5.

WAVES moved 5.23% higher at the time of writing, and the 14-day RSI remained above overbought territory.

The current price strength is 72.4. It now appears that it might be trying to regain the 76.9 resistance.

As we saw with ANC however, bears can also attack markets when they are too overbought.