Convergence

Movement

Bitcoin

Divergence

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/near-price-sees-sharp-fluctuations" data-wpel-link="internal" rel="noopener noreferrer nofollow">NEAR Price Sees Sharp Fluctuations</a><br></p>
<p style="text-align: justify">NEAR Protocol’s cryptocurrency experienced notable volatility over the past day. The price fluctuated between $3.48 and $3.87, before retreating from its peak. At present, NEAR is trading at $3.79, marking a 1.57% decline compared to the previous day.</p>
<h2 id="are-market-trends-worrying-investors">Are Market Trends Worrying Investors?</h2>
<p style="text-align: justify"><a href="https://newslinker.co/can-artificial-intelligence-achieve-consciousness/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">Recent data</a> from Coinglass reveals a decline in both the total trading volume and open interest in NEAR derivatives. Trading volume fell by 2.43% to $392.75 million, while open positions decreased by 1.89% to $110.15 million. This indicates a cautious <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> approach, raising concerns about potential further decreases.</p>
<p style="text-align: justify">The observable downtrend in NEAR’s price suggests that if market sentiment continues to deteriorate, the price might find support at $3.48. However, further declines could push the price down to $3.30 or even $3.20.</p>
<h2 id="what-do-tvl-and-rsi-data-indicate">What Do TVL and RSI Data Indicate?</h2>
<p style="text-align: justify">According to DeFiLlama, NEAR’s total value locked (TVL) stands at $182.67 million, reflecting investor confidence and activity within the ecosystem. The Relative Strength Index (RSI) is at 45.44, indicating balanced buying and selling pressures.</p>
<p style="text-align: justify">The Moving Average Convergence Divergence (MACD) indicator shows a slight bullish crossover, with a mildly positive histogram hinting at potential upward momentum. The MACD is near the zero line, suggesting that this positive momentum might be sustained.</p>
<h2 id="key-inferences-for-investors">Key Inferences for Investors</h2>
<p style="text-align: justify"><strong>Key Takeaways:</strong></p>
<ul>
 <li>A decline in trading volume and open interest suggests cautious market behavior.</li>
 <li>Support levels to watch are $3.48, with further declines possibly hitting $3.30 or $3.20.</li>
 <li>TVL data indicates current investor confidence in the NEAR ecosystem.</li>
 <li>RSI and MACD indicators suggest a balanced and potentially upward momentum.</li>
</ul>
<h2 id="is-an-upward-movement-possible-for-near">Is an Upward Movement Possible for NEAR?</h2>
<p style="text-align: justify">Should the market recover, NEAR could challenge the $3.80 resistance level, potentially rising to around $3.90. A continued positive trend may push NEAR’s value to $4.00 in the short term.</p>
<p style="text-align: justify">Predicting future market movements remains difficult due to NEAR’s price fluctuations and downtrends. Monitoring current data is crucial, as recovery depends on the performance of <a href="https://en.bitcoinhaber.net/sec-twitter-account-hacked-false-bitcoin-etf-approval-causes-market-chaos" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum. Rapid increases in these cryptocurrencies could elevate NEAR coin to new levels.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/near-price-sees-sharp-fluctuations" data-wpel-link="internal" rel="noopener noreferrer nofollow">NEAR Price Sees Sharp Fluctuations</a></h5>

NEAR Price Sees Sharp Fluctuations

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