Coin Gabbar Token

The pricing analysis of the <a href="https://www.coingabbar.com/en/crypto-currency/near-near-prices-usd" rel="noopener noreferrer nofollow">NEAR Protocol</a> suggests purchasing with little price movement. In response to the downside momentum from the previous session, the bulls attempt to hold the important support region.The NEAR price is settling close to the May-based short-term support zone. The next directional bias for the token would be determined by a break above or below this level. But it seemed like the chances were in the bulls&#39; favour. At $5.00, NEAR Protocol fails to maintain gains. A retest of the crucial breaking zone signals price strength. A daily candlestick above $5.20 might support the bullish tendency more strongly.Can NEAR Protocol be retracted?The NEAR Protocol analysis presents an optimistic outlook for the daily chart. Higher highs and higher lows are being made by the pricing. Recent market action, however, demonstrated significant vigour with an impulse rise from $4.02 to $6.11, with more than 50% upside gains from the lows.Additionally, on August 5, the NEAR/USD demonstrated a breakout of the &#34;Cup and Handle pattern.&#34; The asset established a rounded top after reaching swing highs at $6.11, and is now due for a pullback at the breakout level. Additionally, the 20-day exponential moving average is $5.12 at this time.Although the price ended below the 20 EMA in the previous session, extra buying pressure caused the price to rise over the crucial level. Fresh entries would be welcomed toward the higher side if the daily finish closed higher than the session high of $5.20. The psychological $6.00 level could be the target for the bulls as they advance higher.A requirement for raising the price over the supply zone is increased buyer participation. In the face of persistent purchasing pressure, we anticipate the price to test $8. On the other hand, a daily breach below $4.90 would give bulls hope.NEAR/USD is now trading at $5.04, up 1.17% on the day as of the time of posting. According to market capitalization, NEAR Protocol is ranked number 23. According to data from <a href="https://www.coingabbar.com/" rel="noopener noreferrer nofollow">CoinGabbar</a>, the trade volume decreased by more than 14% over the last 24 hours to $300,879,329.

NEAR Protocol Technical Analysis: During Consistent Buying, Bulls Aims To Reclaim $6.0

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