Analytics

NEAR Technical Analysis: Buyers Struggling To Form Reversal Pattern 

Earn money with the top Binance exchange

NEAR prices action struggles to take an upside turnaround as it retests the bullish breakout of the falling channel pattern.  Key technical points:

  • The market price has increased by 3.43% over the past 24 hours.
  • The price action shows lower price rejection candles forming at the broken resistance trendline.
  • The 24-hour trading volume of Near Protocol is $241 Million, indicating a rise of 6.94%.

Past Performance of NEAR

NEAR price action shows a bullish reversal from the $3 mark resulting in the falling channel breakout to reach $4.15. However, the bears retake trend control with a tweezer top formation resulting in a drop to the broken resistance trendline at $3.30. The retest rally struggles to regain the bullish momentum to showcase a post-retest reversal from the resistance trendline.

Source- Tradingview

NEAR Technical Analysis 

The NEAR daily candles showcase lower price rejection with tail formation over the past two days teasing the possibility of a morning star pattern. Hence, traders can expect the price to reverse sharply with a jump above the $3.5 mark. The MACD and the signal lines struggle to keep a bullish trend as they approach the zero line, as the shrinking spread suggests a bearish crossover. Thus, the indicator reveals an underlying decline in the bullish sentiments. The RSI indicator displays a recovery in the buying pressure as the slope rises from the 14-day SMA after dropping below the halfway line. Therefore, the indicator adopts an optimistic view and suggests a higher likelihood of a post-retest reversal. In a nutshell, the NEAR technical analysis shows a stronger bearish side but the gradual increase in the buying pressure teases a reversal.

Upcoming Trend

If the buying pressure increases overnight, NEAR prices will successfully form a morning star pattern, leading to a price jump above $3.50. Traders can expect the breakout rally to surpass $4 to test the 50-day SMA at $4.75. Resistance Levels: $3.5 and $4 Support Levels: $3 and $2.58

   
Source

Показать больше

Добавить комментарий

Кнопка «Наверх»
  • bitcoinBitcoin (BTC) $ 23,862.00 2.47%
  • ethereumEthereum (ETH) $ 1,774.73 3.62%
  • tetherTether (USDT) $ 1.00 0.2%
  • cardanoCardano (ADA) $ 0.533477 0.47%
  • dogecoinDogecoin (DOGE) $ 0.070668 1.18%
  • daiDai (DAI) $ 1.00 0.04%
  • matic-networkPolygon (MATIC) $ 0.926415 0.74%
  • tronTRON (TRX) $ 0.070489 0.97%
  • ethereum-classicEthereum Classic (ETC) $ 38.04 1.37%
  • okbOKB (OKB) $ 18.43 0.72%
  • leo-tokenLEO Token (LEO) $ 4.82 1.61%
  • litecoinLitecoin (LTC) $ 62.29 1.62%
  • ftx-tokenFTX (FTT) $ 31.43 2.98%
  • chainlinkChainlink (LINK) $ 8.69 2.94%
  • crypto-com-chainCronos (CRO) $ 0.151443 2.85%
  • cosmosCosmos Hub (ATOM) $ 11.90 4.21%
  • stellarStellar (XLM) $ 0.126558 0.79%
  • moneroMonero (XMR) $ 170.30 3.67%
  • bitcoin-cashBitcoin Cash (BCH) $ 144.04 2.03%
  • algorandAlgorand (ALGO) $ 0.366929 0.14%
  • vechainVeChain (VET) $ 0.031582 0.35%
  • hedera-hashgraphHedera (HBAR) $ 0.080174 2.26%
  • tezosTezos (XTZ) $ 1.90 0.14%
  • theta-tokenTheta Network (THETA) $ 1.63 2.23%
  • eosEOS (EOS) $ 1.25 0.67%
  • kucoin-sharesKuCoin (KCS) $ 10.76 1.54%
  • makerMaker (MKR) $ 1,142.33 0.73%
  • zcashZcash (ZEC) $ 81.12 15.03%
  • iotaIOTA (MIOTA) $ 0.345333 0.64%
  • havvenSynthetix Network (SNX) $ 4.11 0.36%
  • neoNEO (NEO) $ 11.66 0.17%
  • gatechain-tokenGate (GT) $ 4.91 1.47%
  • huobi-tokenHuobi (HT) $ 4.39 0.13%
  • zilliqaZilliqa (ZIL) $ 0.045684 0.1%
  • blockstackStacks (STX) $ 0.502071 1.71%
  • basic-attention-tokenBasic Attention (BAT) $ 0.447999 3.15%
  • enjincoinEnjin Coin (ENJ) $ 0.697458 2.01%
  • wavesWaves (WAVES) $ 6.15 1.14%
  • dashDash (DASH) $ 57.95 7.92%
  • decredDecred (DCR) $ 36.87 0.85%
  • bitcoin-goldBitcoin Gold (BTG) $ 29.41 1.64%
  • holotokenHolo (HOT) $ 0.002699 1.1%
  • nemNEM (XEM) $ 0.052325 0.7%
  • qtumQtum (QTUM) $ 4.19 1.66%
  • ravencoinRavencoin (RVN) $ 0.037089 5.5%
  • omisegoOMG Network (OMG) $ 2.43 3.2%
  • 0x0x (ZRX) $ 0.364798 1.19%
  • iconICON (ICX) $ 0.346100 1.07%
  • ontologyOntology (ONT) $ 0.289488 0.35%
  • siacoinSiacoin (SC) $ 0.004756 0.19%
  • hiveHive (HIVE) $ 0.612811 2.42%
  • republic-protocolREN (REN) $ 0.210262 35.61%
  • digibyteDigiByte (DGB) $ 0.012756 2.19%
  • liskLisk (LSK) $ 1.23 0.11%
  • nanoNano (XNO) $ 1.09 3.17%
  • statusStatus (SNT) $ 0.033958 1.08%
  • numeraireNumeraire (NMR) $ 21.41 0.58%
  • steemSteem (STEEM) $ 0.262138 0.6%
  • augurAugur (REP) $ 9.00 0.96%
  • kyber-networkKyber Network Crystal Legacy (KNCL) $ 1.61 1.48%
  • ethlendAave [OLD] (LEND) $ 1.04 1.29%
  • bitcoin-diamondBitcoin Diamond (BCD) $ 0.180889 1.79%
  • bytomBytom (BTM) $ 0.013132 1.3%
  • energiEnergi (NRG) $ 0.427287 5.51%
%d такие блоггеры, как: