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The post <a href="https://coinpedia.org/price-analysis/near-protocol-price-falls-over-7-today-near-price-to-test-its-crucial-support-soon/" rel="noopener noreferrer nofollow">Near Protocol Price Falls Over 7% Today! NEAR Price To Test Its Crucial Support Soon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Top crypto altcoins record significant price correction for the third day, indicating a strong bearish influence in the cryptocurrency market. Near Protocol price follows the market trend and has experienced a correction of over 7% within the past day.
The <a href="https://coinpedia.org/price-prediction/near-protocol-near-price-prediction/" rel="noopener noreferrer nofollow">Near Protocol price</a> traded in a closed space between $2.066 and $2.365 for a brief period, following which the market gained momentum and the bulls broke out of the range.
The NEAR coin price jumped over 73% within the next two days before facing rejection at $3.576, following which the price traded sideways for a while.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/NBbkjBoxaffaH_sF9qPAraMBJl2nP0VW-FMhw1bpaMLBeMhzd8nLGE_R8bkA8LCXr4MAr0q_sdQoevKAM2gI4y13YBgtiaPql5xbWQXdD0ZwW-8aW_cnPzTilELc9Kv_DRt7_YOCScPk-w-RwDhtNaE" alt="Near Protocol Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: NEAR/USDT
 </figcaption>
</figure>
After testing its support level of $3.296, the price recorded another jump of approximately 22%. The Near Protocol price then displayed significant volatility for the next week, resulting in the price losing momentum and trading in a closed range between $3.576 and $3.908 for over a week.
After multiple attempts to hold the price above the important support level of $3.576, the bulls lost momentum and recorded a correction of 17.6%. The bulls attempted a bounce back, but the price faced rejection at $3.576, resulting in the NEAR coin price continuing to trade under a bearish influence.
Currently, the Near price trades between $3 and $3.296, of which the outcome is unpredictable.
<h2 class="wp-block-heading" id="h-will-near-price-increase">Will NEAR Price Increase?</h2>
The technical indicator, RSI, continues to trade below the mid-point, indicating a weak buying pressure. Moreover, the averages are on the verge of a bullish convergence soon, highlighting a high possibility of a positive trend reversal in the coming days.
If the bulls gain power and push the price above the resistance level of $3.296, the NEAR price will regain power and test its upper resistance level of $3.576 soon. Maintaining the price at that level will set the stage for the Near Protocol price to attempt to test its key resistance level of $3.908 this week.
Conversely, if the bears pull the price below its support level of $3, the Near Protocol price will fall to test its lower support level of $2.747. Further, if the bears continue to hold power over the market, it will plunge and prepare to test its lower support level of $2.365.

Near Protocol Price Falls Over 7% Today! NEAR Price To Test Its Crucial Support Soon?

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