NEAR Protocol

Show

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The Near Protocol network crypto’s price is trading below major EMA’s.</a> </li> 
 <li> <span>2</span> <a>The price of the NEAR crypto is trading at $1.151 and the 52-week range is $1.014 – $2.806. </a> </li> 
</ul> 
<p>Near Protocol Network crypto surged by 0.96% in market value and plummeted by 52.36% in trading volume in the last 24 hours, as per the Coinmarketcap, a crypto data analysis website. Its market value is $1,083,230,520 and its trading volume is $49,212,482. There are 941,671,517 NEAR in circulation.&nbsp;</p> 
<p>The NEAR crypto has not performed well in the last month, decreasing by 22.18% and plummeting by 54.99% in the last six months.&nbsp;</p> 
<p>Near Protocol crypto’s (NEAR) open interest is $40.73 Million. As per Coinglass, another crypto analysis website, it rose by 0.39% in the previous session. The long versus short ratio in Near Protocol crypto for 24 hours is 0.9279. The total number of short positions added in the last 24 hours is $819.32 against longs of $9.82 K.</p> 
<p>Near Protocol (NEAR) has a fully diluted valuation of $1,150,039,243. This is a hypothetical market cap, assuming all 1 Billion NEAR tokens are circulating today. This is as per the crypto data, information, and analysis website Coingecko. However, reaching the actual FDV in Near Protocol may take years, depending on how the NEAR tokens are distributed over time.</p> 
<h2 class="wp-block-heading" id="strong-near-crypto-price-technical-analysis-in-the-1-day-timeframe-strong"><strong>NEAR crypto Price Technical Analysis in the 1-Day Timeframe</strong></h2> 
<p>NEAR crypto price in the last three months showed both movements, upward from support of $1.159 to a high at $1.637 and downward by falling from the high during this span by making continuous lower lows and highs.&nbsp;</p> 
<p>At the time of publication, the NEAR crypto’s current price is around $1.151 trading at the demand zone where liquidity is present in The NEAR Protocol crypto, where buyers most probably have pending buy or sell orders in The NEAR Protocol crypto waiting to be triggered and the same can be spotted over daily time frame chart on NEAR Protocol as well, either The NEAR Protocol price consumes liquidity and crashes or takes support and rises.</p> 
<p>Therefore, the NEAR price could continue to move downwards and reach the nearest support at $1.104 and $1.018. If it fails to sustain the current level in Near Protocol.</p> 
<p>However, if the NEAR <a href="https://www.thecoinrepublic.com/2023/08/18/xrp-crypto-price-prediction-will-xrpusd-change-the-game-in-2023/" target="_blank" rel="noopener noreferrer nofollow">crypto price</a> sustains the current level and increases, then it might hit the nearest resistance levels of $1.159 and $1.290.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/IIdg1x4am033KQJBC5hUMJvsZRVHI5Rtz7RWJ1lxSGMWiO-Uh3ZK3VJQgnAAae-qK5-RGpXvuq5XryfCrfZHLTspK5yXjeskMWAADie-QJCGdzYFoaKVkZuLOmNc7bsZmrG9ZRSfJ7h4jtXzuoROpw" alt="NEAR Price Prediction 2023: Can NEAR Protocol Show A Comeback?"> 
  <figcaption class="wp-element-caption">
    Source: NEAR/USD.1D.BITSTAMP by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, the NEAR crypto price (BITSTAMP: NEAR) is trading beneath the 20, and 50-day exponential moving averages, which are declining the NEAR crypto price trend.&nbsp;</p> 
<p>Hence, NEAR crypto price prediction estimates the prices to move downwards, indicating a bearish outlook over the daily time frame chart for its price.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/hFSo4-lfgFvK1_9rJ3Lw2tTsSJIDfQQ2kDADBEvAZT7DqKWOBIEwlXcyFzb4d12tY1DhMRS-SFuaa0GzZmNdGClYy_8uvN394Mlcaoo_8mpVU3AQ0Cj70EOlcxpvL-AFs2AbuqQQD-FdlW8zJBRMDQ" alt="NEAR Price Prediction 2023: Can NEAR Protocol Show A Comeback?"> 
  <figcaption class="wp-element-caption">
    Source: NEAR/USD.1D.BITSTAMP by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The MACD line at 0.059 and the signal line at 0.037 is below the zero line both lines crossed each other and a bearish crossover is observed in the MACD oscillator, suggesting bearish signals. The current value of the RSI is 28.99 points and the 14-day SMA is below the median line at 38.96 points, which indicates bearish sentiments as RSI took rejection on the 14 SMA line and headed for the oversold zone and highlighting bearishness in the market for the NEAR Protocol price.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>NEAR crypto price prediction highlights the bearish sentiments and perspectives of investors and traders regarding NEAR crypto in the daily(1-D) time frame. Near Protocol price action highlights a downward view at the time of publishing. Moreover, the technical parameters of the Near Protocol price hint at the continuation of the downtrend over the daily time frame chart. Major reliable and trustworthy indicators RSI, MACD, and EMA, give negative signals regarding the NEAR crypto price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<ul> 
 <li><strong>Support levels: </strong>The nearest support levels are $1.104 and $1.018.</li> 
 <li><strong>Resistance levels: </strong>The nearest resistance levels are $1.159 and $1.290.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

NEAR Price Prediction 2023: Can NEAR Protocol Show A Comeback?

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