Convergence

Divergence

The post <a href="https://coinpedia.org/price-analysis/near-protocol-jumps-over-18-today-will-near-price-hold-its-gains/" rel="noopener noreferrer nofollow">Near Protocol Jumps Over 18% Today! Will NEAR Price Hold Its Gains?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The crypto industry has recorded an upswing of less than 1% within the past day. Further, the top crypto tokens continue to display minor fluctuations in their price. On the other hand, the Near Protocol price has jumped over 17%, making it the top gainer in the crypto market for the day.
The <a href="https://coinpedia.org/price-prediction/near-protocol-near-price-prediction/" rel="noopener noreferrer nofollow">NEAR price</a> traded in a closed range between $1.733 and $1.888 for over a week, following which the market gained momentum and the price surged. After multiple attempts, the price successfully broke out of the resistance level at $2.066.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/eVWgt30j93RqtzIH3fD4m-_SNycZ5QJENV8cchy2E4fFT-kRpz23w2mVJ8Tktk6kQueTSy0ahfnnQMsw20_Oe8TDjKG2es3xtlJdSfjj3r94tBZ5OMS_zwzBjRNVu4w8ca8JNevUrIQXdNiePzODkts" alt="Near Protocol Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: NEAR/USDT
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</figure>
The NEAR coin price jumped over 14% before facing rejection at $2.365. Following this, the price traded in a consolidated range for a while after which the bulls broke out of the range but faced rejection at $2.564.
After this, the price was pulled back within the consolidated range where it traded sideways for about two weeks. Recently, the bulls regained momentum and jumped over 33% during this week. Further, the price is on the run to test its resistance level at $2.853 of which the outcome is unpredictable.
The Moving Average Convergence Divergence (MACD) displays a rising histogram, indicating an increased buying pressure in the market. Moreover, the averages show a sharp rise, suggesting the price will continue gaining value in the coming days.
<h2 class="wp-block-heading" id="h-will-the-near-price-go-up-again">Will The NEAR Price Go Up Again?</h2>
If the bulls hold the price above the support level of $2.714, the NEAR price will continue to gain value and test its upper resistance level of $2.853 soon.
Maintaining the price at the level will set the stage for the Near Protocol price to test its resistance level of $3 this week.
Conversely, if a trend reversal occurs, the Near token will lose its momentum and fall to test its support level of $2.564. Moreover, if the bears continue to dominate the market, it will plunge further and prepare to test its lower support level of $2.365 in the coming days.

Near Protocol Jumps Over 18% Today! Will NEAR Price Hold Its Gains?

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