NEAR Protocol (NEAR) Price Prediction: Will Near Price Defend the Major Support Level and Surprise Double Digit?

On a wider time frame, Near price has been in a bullish trend but sellers are strong in the short term. Since November, NEAR crypto price has been in a bullish trend and extended to the $9 hurdle in March.

Although Near Protocol price is in a bullish trend over a wider time frame, sellers appear strong in the short term. The NEAR crypto price has been in a bullish trend since November and reached as high as $9 in March. The price encountered resistance at the $9 level and profit taking was observed.

NEAR fell 35% in one month, highlighting the dominance of sellers. According to the chart, the $5 level is a bullish zone.

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RSI is at 41 level and is recovering from the oversold zone. The RSI has developed a bullish trend with the based moving average, indicating a bullish trend. The red histograms turn green and the MACD and signal line are recovering.

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Chart structure shows Near crypto price is at the key support level of $4.50 at press time and trying to gain bullish momentum. Source On the daily time frame, the price has crossed the 200-day EMA and is expected to extend to the $9 level.

Will Near Price Defend Critical Support Level and Surprise by Double Digits?

At press time, Near crypto price was $5.40 and has increased by 3% in the last 24 hours increased by .93. Its market capitalization is $5.88 billion and its 24-hour trading volume is $431.83 million. The fully diluted market cap is $6.45 billion.

If Near crypto price surpasses the 200-day EMA and trading volume supports it, a strong buying pressure could be seen. The price could attract investors above the $6 level and extend to the $10 level in the next few months.

Near Protocol price fell below the trend line, which is a bearish sign and could attract sellers. If the price falls below the $4 level, sellers may reduce the price to as low as $2.50.

Conclusion

Near Protocol price showed a bullish trend over a longer time frame but showed weakness in the short term. The price fell about 35% in a month and fell back to the trend line. At the time of writing, it is strengthening on the trend line and trading volume has increased by 150% in the last 24 hours. User The price may be found at the $5.60 and $2.50 support levels.

This article is for informational purposes only and does not provide any financial, investment or other advice. Neither the author nor any person mentioned in this article is responsible for any financial loss you may incur from investing or trading. Please do your own research before making any financial decisions.

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