Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NEAR crypto price is currently trading at $1.09302876 with a drop of 0.79% in the last 24 hours with a current market cap of $1.029 Billion.</a> </li> 
 <li> <span>2</span> <a>NEAR crypto price decreased by -0.60% over the past seven days.</a> </li> 
</ul> 
<p>The price action of the NEAR crypto showed that selling pressure was noted on the charts and was in a downtrend, forming lower lows over the past few months. Moreover, due to declining investor interest, the trading volume was below average.&nbsp; Furthermore, NEAR showed a decline in user activity which also reacted as a negative sentiment for the crypto and led to bearishness in the charts.</p> 
<p>The ongoing trend favors bears, and the crypto was also in a corrective phase, which made buyers cautious. Moreover, NEAR trades below the significant moving averages and tries to attain the 50-day EMA to hold the gains.</p> 
<p>At the time of writing, the NEAR price is trading at $1.09355375 with an intraday gain of 0.74%, showing a bounce from the current support trendline. Moreover, the intraday trading volume is $66.541K and the market cap is $1.029 Billion.</p> 
<p>Crypto has had a poor performance over the years. The year-to-date gave negative returns of 12.92% and 45.35% in the span of 6 months. In the last 1 month, it gave a negative return of 8.22% and 0.60% in the last seven days indicating a long Bearish trend which continues till now.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-near-crypto-price-in-1-d-timeframe-strong"><strong>Technical Analysis of NEAR Crypto Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-847-1024x456.png" alt="" class="wp-image-171424" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-847-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-847-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-847-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-847-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-847-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-847-1140x507.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-847.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: NEAR.1D.USD by <a href="https://www.tradingview.com/x/uyLoLL2c/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, NEAR crypto (USD: NEARUSD) is trading above the 50 and 200-day SMAs (Simple moving averages), which do not support the price trend.&nbsp;The current value of RSI is 39.68 points. The 14 SMA is above the median line at 41.96 points which indicates that the NEAR <a href="https://www.thecoinrepublic.com/2023/03/18/near-protocol-price-up-13-near-crypto-might-rally-to-3-00/" rel="noopener noreferrer nofollow">crypto </a>is bearish.</p> 
<p>The MACD line at -0.01976500 and the signal line at -0.022722565 are above the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the NEARUSD crypto price.</p> 
<h3 class="wp-block-heading" id="strong-4-hour-time-frame-technical-evaluation-strong"><strong>4 Hour time frame Technical Evaluation</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-848-1024x456.png" alt="" class="wp-image-171425" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-848-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-848-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-848-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-848-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-848-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-848-1140x507.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-848.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Tradingview 
  </figcaption> 
 </figure> 
</div> 
<p>On the 4-hour charts, the NEAR price is stuck in a narrow range and does not signal an upcoming rise because of low volume levels. Moreover, a key indicator is still in the neutral range and does not signal bullishness.&nbsp;</p> 
<p>The RSI curve is near 40, in the neutral range, and showed a narrow consolidation move on the short-term charts. The MACD indicator still showed green bars on the histogram with a bullish crossover but did not signal any substantial upswing.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>NEAR crypto technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the NEARUSD crypto price. NEAR Price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels</strong>: $0.98920328.</li> 
 <li><strong>Resistance Levels: </strong>$1.20622614.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

NEAR Crypto: Will NEARUSD Price Recover in October 2023?

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