Convergence

bullish

Movement

Divergence

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/near-price-experiences-significant-fluctuations-in-24-hours/" data-wpel-link="internal">NEAR Price Experiences Significant Fluctuations in 24 Hours</a><br></p>
<p style="text-align: justify"><strong>NEAR</strong> price experienced significant fluctuations in the last 24 hours. The price ranged between $3.48 and $3.87, with a sudden drop from the day’s peak. At the time of writing, NEAR’s price is at $3.79, indicating a 1.57% decrease from the previous day.</p> 
<h2 style="text-align: justify" id="open-interest-and-trading-volume-decrease">Open Interest and Trading Volume Decrease</h2> 
<p style="text-align: justify">According to Coinglass data, the total trading volume in NEAR derivative transactions decreased by 2.43% to $392.75 million. Open positions fell by 1.89% to $110.15 million. These declines suggest a cautious approach in the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>, raising questions about further drops.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-378102 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/near-open-interest-.webp" alt="" width="1224" height="280"></p> 
<p style="text-align: justify">Accordingly, a noticeable downtrend is observed in NEAR’s price. If market sentiment worsens, the price may find support at $3.48. However, if the decline continues, it could potentially fall to $3.30 or even $3.20.</p> 
<h2 style="text-align: justify" id="what-do-tvl-and-rsi-data-indicate">What Do TVL and RSI Data Indicate?</h2> 
<p style="text-align: justify">According to DeFiLlama data, NEAR’s total value locked (TVL) is at $182.67 million. This data reflects investor confidence and the scale of activity within the ecosystem. The Relative Strength Index (RSI) is at 45.44, indicating balanced buying and selling pressures.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-378104 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/near.png" alt="" width="958" height="489"></p> 
<p style="text-align: justify">The Moving Average Convergence Divergence (MACD) indicator signals a slight bullish crossover, and the slightly positive histogram could indicate potential upward momentum. MACD is positioned near the zero line, suggesting that upward momentum might be sustained.</p> 
<h2 style="text-align: justify" id="is-an-upward-movement-possible-for-near">Is an Upward Movement Possible for NEAR?</h2> 
<p style="text-align: justify">If the market recovers positively, NEAR’s price could challenge the $3.80 resistance level. This movement could lead the price to approach $3.90. A continued positive trend could raise NEAR’s value to $4.00 in the short term.</p> 
<p style="text-align: justify">Although predicting <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> market movements is challenging due to NEAR’s price fluctuations and downtrends, current data should be closely monitored. Recovery and a new increase depend on the recovery of Bitcoin and subsequently <a href="https://en.coin-turk.com/ethereum-futures-etf-approval-boosts-eth-price-and-traders-face-liquidation/" data-wpel-link="internal">Ethereum</a>, as rapid rises in these two cryptocurrencies could open the door for NEAR coin to reach new levels.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/near-price-experiences-significant-fluctuations-in-24-hours/" data-wpel-link="internal">NEAR Price Experiences Significant Fluctuations in 24 Hours</a></h5>
<p>The post <a href="https://en.coin-turk.com/near-price-experiences-significant-fluctuations-in-24-hours/" data-wpel-link="internal">NEAR Price Experiences Significant Fluctuations in 24 Hours</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

NEAR Price Experiences Significant Fluctuations in 24 Hours

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