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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.

ANC’s price rebounded by a little over 42.50% between May 1 and May 6, reaching $2.26, its highest level in three weeks. The token did experience a selloff between May 6th and 7th, after hitting what appeared to be resistance confluence.

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