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The post <a href="https://coinpedia.org/price-analysis/near-price-plans-a-launch-amidst-market-correction-to-hit-9/">NEAR Price Plans A Launch Amidst Market Correction To Hit $9</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin price</a> approaches the $60,000 mark, the market struggles to form a strong sentiment around the <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/">Bitcoin Halving</a>. Due to this, the altcoins are struggling to halt the downfall and find a reversal spot. In a similar condition, the <a href="https://markets.coinpedia.org/near-protocol/">NEAR token</a> price showcases a bearish trend struggling to survive above a dynamic support. 
With the bearish breakdown of a critical support level and drop under the 50D EMA, the NEAR token is at a pivotal stage. Will the altcoin survive this correction for a jump beyond $10 this year? Find out more in our <a href="https://coinpedia.org/price-prediction/near-protocol-near-price-prediction/">NEAR Price prediction</a>.&nbsp; 
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<a href="https://www.tradingview.com/x/km3AxAU3/">Tradingview</a> 
With the altcoin sector failing to sustain the uptrend in motion, many are reverting to critical support elements. Similar to the broader market condition, the NEAR price trend approaches a long-term support trendline. 
Following a crash from the peak at $8.90, the altcoin is under $6 and trades at $5.476, accounting for a 38% drop in 35 days. Currently, the NEAR price shows an intraday growth of 0.74% and prolongs a short-term sideways trend. 
The lower price rejection from the psychological mark of $5 and the 200D EMA reflects demand at lower levels. Thus, the chances of a reversal are high for Near protocol.&nbsp; 
However, the breakdown of $5.880 support zone reverses the polarity at this level, turning it into a solid resistance. The ongoing consolidation reflects bearish dominance at $5.880, restricting an up move.&nbsp; 
Technical indicators: 
RSI: The daily RSI line takes a sideways turn slightly above the oversold zone. This could give rise to a potential bullish divergence if the consolidation prolongs. 
EMA: The 50-day EMA fails to provide dynamic support leading to a drop to the 100D EMA. Currently, the 100D EMA acts as the baseline of the ongoing sideways trend.&nbsp; 
Also Read : <a href="https://coinpedia.org/price-analysis/chz-price-reversal-eyes-extended-recovery-to-0-16/">CHZ Price Reversal Eyes Extended Recovery To $0.16</a> 
<h2 class="wp-block-heading" id="h-will-near-price-correction-reach-9">Will NEAR Price Correction Reach $9?</h2> 
As the downfall in the NEAR price takes a lateral shift, the altcoin is preparing for a bullish comeback. A breakout of the $5.880 mark will ignite the next stage of recovery rally to potentially hit the $9 mark.&nbsp; 
However, a break below the 100D EMA could test the bullish confluence of the 200D EMA and the long-coming support trendline. As a multi-contact reversal line, the trendline could fuel another bounce back above the $5 mark.&nbsp; 
Read Also : <a href="https://coinpedia.org/price-analysis/bome-price-uptick-aims-to-trigger-a-50-hike/">BOME Price Uptick Aims To Trigger A 50% Hike&nbsp;</a>

NEAR Price Plans A Launch Amidst Market Correction To Hit $9

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