NEAR Protocol

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The price of NEAR Protocol (NEAR ) is trading at the price of $1.46. However, the crypto’s price declined by -2.44% in the last 24 hours (press time).</a> </li> 
 <li> <span>2</span> <a>NEAR price observed an increase of 3.39% in the last 7 days.</a> </li> 
 <li> <span>3</span> <a>The market capitalization of the NEAR Protocol is $1,369,639,990.</a> </li> 
</ul> 
<p>NEAR Protocol crypto is stuck in a downward pattern that has two barriers: a trendline and the 200-day EMA. The crypto’s next direction will depend on whether it can break above or fall below the pattern.</p> 
<p>The outlook is uncertain at this point. However, the price rose by 11.35% last week, indicating that NEAR Protocol performed well lately. NEAR Protocol lost -92.85% of its value in 1 year after reaching its all-time high of $9.12.</p> 
<p>The current market mood is ambivalent. There is no significant volume in crypto right now. The price bounced off from the resistance line and found support on the 50-day moving average.</p> 
<h2 class="wp-block-heading" id="strong-near-protocol-price-technical-analysis-strong"><strong>NEAR Protocol Price Technical Analysis</strong></h2> 
<p>NEAR Protocol price has been trapped between 50 and 200 MAs with a bearish crossover that indicates the dominance of sellers in the market. If sellers keep pushing the market lower, NEAR could decline further and enter a downtrend.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/BmFH0n5QEuYP-0rjaSzagP_ssPWMYexTVYlAMqjYXcHVZorLZ26sOwAR_dHl6iLtCcL-6RcC2Aae9hZFNyUmvxS0FJc-o4dd-VWdriq86PxZQ_AtJcNknvZ646pKfIQsiO4lmhhhF6d1Ih_C9sgsO6U" alt="NEAR Protocol Price Prediction: Will NEAR Go Bearish Or Bullish?&nbsp;"> 
  <figcaption class="wp-element-caption">
    Source: NEAR /US DOLLAR by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The RSI line is moving toward the overbought zone. The RSI line is at 53.55. The 14 SMA has a value of 53.14 points. However, <a href="https://www.thecoinrepublic.com/2023/07/17/near-price-prediction-bears-may-defeat-the-bulls-in-near-price/" target="_blank" rel="noopener noreferrer nofollow">NEAR’s price</a> could rise significantly if it breaks out of this channel pattern.&nbsp;</p> 
<p>Currently, MACD is showing bullish signs. The MACD line at 0.02626635 and signal line at 0.01791040 are above the zero line, meaning that the MACD is in positive territory and is giving bullish signs.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/W7xLmhbGskIYDP4_mxAjchA8FlmuBmQ8cHyLeimBu2hUoPJVxOvCS81v2eE298ATHSUuve6s-lVqQOZnvYEmpHXuDuHupiFgxu0DGG_RBX5iwr5zUzjF4cJ_q-Pikvipd5EQmwaYPGlFIUD5VETB584" alt="NEAR Protocol Price Prediction: Will NEAR Go Bearish Or Bullish?&nbsp;"> 
  <figcaption class="wp-element-caption">
    &nbsp;Source: NEAR /US DOLLAR by cryptoGlass 
  </figcaption> 
 </figure> 
</div> 
<p><strong>Volume Analysis: </strong>NEAR Protocol trading volume for the last 24 hours is $50,754556 with a -40.10% drop. Moreover, the volume has been declining for a long time.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The current data and analysis reveal that bears and bulls are in a close contest. NEAR Protocol (NEAR) is trying to break out of a downward pattern that has two barriers: a trendline and the 200-day EMA. The price action indicates that the investors have to wait for a proper setup to identify the next direction. NEAR’s price is in neutral territory at the moment. Furthermore, indicators such as the EMA, RSI, and MACD are giving bullish signals about <a href="https://www.thecoinrepublic.com/2023/07/17/near-price-prediction-bears-may-defeat-the-bulls-in-near-price/" target="_blank" rel="noopener noreferrer nofollow">NEAR Protocol crypto.</a> The current situation requires traders and investors to be patient and look for a definite sign of the market moving up or down beyond the limits before making any decisions in the future.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<ul> 
 <li><strong>Support – </strong>The current support level is $1.299255.</li> 
</ul> 
<ul> 
 <li><strong>Resistance –</strong>The current resistance level is $1.720293.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in crypto is a risky task. Please consider your circumstances and risk profile before making any investment decisions.</p>

NEAR Protocol Price Prediction: Will NEAR Go Bearish Or Bullish?

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Thecoinrepublic.com

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