NEAR Protocol

Resistance

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>Amidst the bearish wave, the Near Protocol price has reclaimed the $7 mark.</a></li>
 <li><span>2</span> <a>Buyers have started accumulation and surpassed the 20-day EMA mark.</a></li>
</ul>
<p>The NEAR price has replicated the buying momentum and has breached the trendline hurdle of $7, gaining strength in the last sessions. Moreover, the NEAR crypto has retained its bullish trajectory, reflecting Bull’s willingness to dominate the battle ahead. A break and close above the $7.80 mark would validate the buying strength, and the NEAR crypto will start to shoot the gains soon.</p>
<p>At press time, the NEAR Protocol (NEAR) price traded at $6.80 with an intraday drop of 3.09%, reflecting neutrality on the charts. It has a monthly return ratio of -2.20% and 252.78% yearly. The pair of NEAR/BTC is at 0.000107 BTC, and the market cap is $4.13 Billion. Analysts are bullish and suggest that the NEAR crypto may continue to shine gains and will outperform in the following sessions.</p>
<h2 class="wp-block-heading" id="strong-near-price-volume-profile-analysis-on-daily-chart-strong"><strong>NEAR Price Volume Profile Analysis On Daily Chart</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (NEAR), Volume (NEAR), RSI 1d (NEAR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=near-protocol&amp;pt=NEAR&amp;df=2023-10-30T18%3A29%3A59.418Z&amp;dt=2024-04-30T18%3A29%3A59.418Z&amp;sat=shchcfg_laILfpCZovmt&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd%3Brsi_1d&amp;wax=0%3B1%3B2&amp;wc=%2326C953%3B%23FFCB47%3B%23FF5B5B&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22__appliedInterval%22%3Atrue%7D" scrolling="no"></iframe>
<p>Per the Santiment data, the price-to-volume profile of the NEAR Protocol replicates buyer accumulation action in the last trading sessions. Moreover, the price action signifies a trendline breakout, and buyers have started fighting the battle and showcased their muscles. Meanwhile, the sellers have begun covering their positions. The intraday trading volume dropped over 11.90% to $391.15 million.</p>
<h3 class="wp-block-heading" id="strong-near-protocol-volatility-and-total-weighted-sentiment-review-strong"><strong>NEAR Protocol Volatility and Total Weighted Sentiment Review</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (NEAR), Weighted sentiment (Total) (NEAR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=near-protocol&amp;pt=NEAR&amp;df=2023-10-30T18%3A29%3A59.418Z&amp;dt=2024-04-30T18%3A29%3A59.418Z&amp;sat=shchcfg_laILfpCZovmt&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Despite the significant price recovery, the <a href="https://www.thecoinrepublic.com/2024/04/29/can-helium-crypto-boost-a-rally-and-claim-a-higher-price-level/" target="_blank" rel="noopener noreferrer nofollow">price</a> volatility curve witnessed a regression of over 5.20% to 0.011. Conversely, the weighted sentiment data signifies a positive development, and the value sustained above the midline is around 0.925.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-twitter-x-followers-insights-strong"><strong>Social Dominance and Twitter (X) Followers Insights</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (NEAR), Twitter Followers 24h (NEAR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=near-protocol&amp;pt=NEAR&amp;df=2023-10-30T18%3A29%3A59.418Z&amp;dt=2024-04-30T18%3A29%3A59.418Z&amp;sat=shchcfg_laILfpCZovmt&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_24h&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The social dominance data noted a down move and dragged over 32.09% to 0.704%, noting a negative thought among the investors. However, the X followers data noted an up move of over 21.89%, reaching 427.</p>
<h4 class="wp-block-heading"><strong>Development Activity and Total Open Interest Insights</strong></h4> <iframe loading="lazy" title="Santiment Chart: Development Activity (NEAR), Dev. Activity Contributors Count (NEAR), Total Open Interest in USD (NEAR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=near-protocol&amp;pt=NEAR&amp;df=2023-10-30T18%3A29%3A59.418Z&amp;dt=2024-04-30T18%3A29%3A59.418Z&amp;sat=shchcfg_laILfpCZovmt&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Bdev_activity_contributors_count%3Btotal_open_interest&amp;wax=0%3B1%3B2&amp;wc=%238358FF%3B%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>On the daily charts, the development data witnessed a stable move and stayed close to the midline support mark, near 29.31, showing a neutral outlook. The development activity contributors’ count value declined and dropped to 7. However, the derivative data signifies a short covering. The open interest dropped over 2.39% to $176.13 million.</p>
<p>Per the Fib levels, the NEAR price trades near the 50% zone and is above the mid-Bollinger Band, directing a bullish trend on the charts. However, the RSI curve stayed close to the midline region, and a negative crossover was noted on the charts.&nbsp;</p>
<p>The total supply of the NEAR Protocol is 1 Billion, whereas the volume-to-market cap ratio is 0.102, ranked 30 in the global crypto market cap.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The NEAR Protocol price retained buying momentum and decisively surpassed the key moving averages. Moreover, the crypto is trading with a bullish bias and has regained buying momentum. Technical indicators are suggesting an outperforming outlook for the upcoming sessions.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $6.20 and $6</p>
<p><strong>Resistance Levels:</strong> $7.20 and $7.80</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

NEAR Price Retained $7 Mark: Can Bulls Begin Their Domination?

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Thecoinrepublic.com

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