NEAR Protocol

Internet Computer

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<p>Crypto analyst CryptoJobs3 has provided detailed technical analysis for <a href="https://captainaltcoin.com/internet-computers-massive-burns-highlight-utility-as-icp-price-pumps-15/" target="_blank" rel="noopener noreferrer nofollow">Internet Computer (ICP)</a> and Near Protocol (NEAR), offering insight into potential price movements. Both tokens face uncertain market conditions, with ICP showing signs of bearish momentum, while NEAR remains neutral with a potential for further consolidation.</p>
<h3 class="wp-block-heading" id="strong-icp-faces-bearish-pressure-and-instability-strong"><strong>ICP Faces Bearish Pressure and Instability</strong></h3>
<p>In an update shared on X, CryptoJobs3 outlined a bearish outlook for Internet Computer (ICP). According to the analyst, ICP is trading in a neutral zone on the daily time frame, though bearish tendencies are evident on lower time frames.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ICP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ICP</a> – update: Bearish at the moment <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Very neutral zone daily [large cloud zone]<br><br>The price remain hearish on the lower TF. and should continue to move toward the lower key support zone: 7.960 – 7.880 $ <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>It can be a bullish retest, but nothing is sure into this unstable… <a href="https://t.co/q4mEL8BkxK" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/q4mEL8BkxK</a></p>— <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d9.png" alt="🧙" class="wp-smiley" style="height: 1em; max-height: 1em;"> Crypto_Jobs <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d9-200d-2642-fe0f.png" alt="🧙‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"> TA &amp; FA <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoJobs3) <a href="https://twitter.com/CryptoJobs3/status/1835659948706984005?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 16, 2024</a>
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<p>The analyst pointed out that ICP is hovering near a key support zone between $7.960 and $7.880. Despite the potential for a bullish retest, CryptoJobs3 expressed caution about the price stability in this volatile zone.&nbsp;</p>
<p>He highlighted the need for clear consolidation before considering any long positions, noting that failure to consolidate could push the price lower toward the SSA zone between $7.580 and $7.600.</p>
<p>In the short term, the analyst predicts that ICP could dip further, potentially reaching between $7.650 and $7.700. The trader recommends closely monitoring the price action and the $7.580 level, which could mark the final bottom if the price continues its downward trajectory.</p>
<h3 class="wp-block-heading" id="strong-near-protocol-consolidation-expected-to-continue-strong"><strong>NEAR Protocol Consolidation Expected to Continue</strong></h3>
<p>CryptoJobs3 also provided an update on NEAR, stating that <a href="https://coinmarketcap.com/currencies/near-protocol/" target="_blank" rel="noopener noreferrer nofollow">the token’s price</a> remains neutral with no clear bullish momentum. NEAR recently experienced a strong rejection at the $4.350 zone, which corresponds to the flat Kijun level.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$NEAR</a> – update – [HTF views]: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>That was a perfect SWING setup given! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> (4.050 to 4.350$)<br><br>The daily rejection on the flat kijun (4.350$ zone) was strong!<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;">The current price is neutral &amp; the main trend remain bearish..<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;">The 3.880 – 3.900$ correspond to the 50% fib and… <a href="https://t.co/IXIMHy7FAo" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/IXIMHy7FAo</a></p>— <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d9.png" alt="🧙" class="wp-smiley" style="height: 1em; max-height: 1em;"> Crypto_Jobs <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d9-200d-2642-fe0f.png" alt="🧙‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"> TA &amp; FA <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoJobs3) <a href="https://twitter.com/CryptoJobs3/status/1835655668797145099?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 16, 2024</a>
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<p>The token is currently trading in a range, with the key support zone between $3.880 and $3.900 being critical to maintaining stability. The analyst expects NEAR to consolidate within the $4.100 to $3.800 range for an extended period, with the potential for weeks or even months of sideways movement.&nbsp;</p>
<p>CryptoJobs3 advises caution when considering long positions, stating that buying pressure is lacking and a clear breakout above $4.150 would be needed to signal a more bullish trend.</p>
<h3 class="wp-block-heading" id="strong-key-levels-to-watch-for-near-protocol-strong"><strong>Key Levels to Watch for NEAR Protocol</strong></h3>
<p>The update emphasized several important levels for NEAR, both for support and resistance. The lower support levels around $3.765 and $3.800 may come into play if further downside is seen.&nbsp;</p>
<p>Moreover, upper resistance levels around $4.100 and $4.800 will need to be overcome for a more substantial bullish reversal. The analyst suggests monitoring these levels closely as the consolidation phase progresses.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/warning-bitcoin-price-could-hit-80k-sooner-than-you-think-heres-how/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Warning: Bitcoin Price Could Hit $80k Sooner Than You Think – Here’s How!</em></strong></a></p>
<h3 class="wp-block-heading" id="strong-monitoring-market-trends-strong"><strong>Monitoring Market Trends</strong></h3>
<p>For both ICP and NEAR, CryptoJobs3 stressed the importance of watching the daily price patterns and key levels to make informed trading decisions.&nbsp;</p>
<p>While ICP shows bearish tendencies, NEAR may continue to consolidate, presenting potential opportunities once a clear direction is established.&nbsp;</p>
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<p>The post <a href="https://captainaltcoin.com/internet-computer-icp-price-faces-bearish-pressure-as-near-consolidates-analyst-predicts-choppy-waters-ahead/" rel="noopener noreferrer nofollow">Internet Computer (ICP) Price Faces Bearish Pressure as NEAR Consolidates: Analyst Predicts Choppy Waters Ahead</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Internet Computer (ICP) Price Faces Bearish Pressure as NEAR Consolidates: Analyst Predicts Choppy Waters Ahead

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