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Anchor Protocol rebounds sharply after falling 70% in just two months — what’s next for ANC? -Breaking

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Anchor Protocol rebounds sharply after falling 70% in just two months — what’s next for ANC?

Anchor ProtocolANCAfter a plunge of over 70% during the past two months, ), returned to bullish mode in May.

Between May 1st and May 6th, ANC saw a slight rebound of just over 42.50% to $2.26. This was its highest point in three weeks. However, the token suffered a selloff from May 6 to 7, after climbing into what seems like a resistance confluence.

Daily chart of the ANC/USD exchange rate. TradingView
Anchor Protocol TVL. Source: DeFi Llama