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NEAR

NEAR/USDT watchout Bullish Breakthrough? 👀NEAR Analysis💎Paradisers, a prime trading opportunity is unfolding with #NEARUSDT as it challenges the descending channel's resistance, hinting at an upcoming bullish shift. 💎 Our analysis shows that #NEARPROTOCOL is initially eyeing the supply zone at $3.2014. This level is pivotal; a respect for this zone could trigger a retreat, offering us a chance to capitalize down to the lower demand at $2.5573, where a bullish resurgence is anticipated. Conversely, breaching above the $3.2014 supply could set the stage for an ascent towards the next supply zone at $3.7803. 💎 As prudent traders, we must also prepare for the scenario where #NEAR dips below the $2.5573 demand. Such a move could indicate further declines, so it's crucial to stay vigilant for potential price traps and ensure we're entering the market with a solid setup.
Long
by MyCryptoParadise
NEAR/USDT Eyeing for the Supply Zone? 👀🚀NEAR Analysis💎Paradisers, let's focus on #NEARUSDT, as the current trend is hinting at a potential strong bullish recovery from its critical support zone. 💎A review of #NearProtocol's recent market behavior shows a notable 45% decline after encountering resistance at a key supply level. Yet, it's displaying resilience around the support level of $2.46, indicating prospects for an upward trajectory. 💎Despite challenges in reaching new highs or surpassing previous peaks, leading to a temporary bearish outlook, the $2.46 mark remains pivotal. This level could potentially trigger a significant bullish surge upon retesting. 💎As proactive traders, we're always ready with an alternate plan. If #NEAR fails to hold at the $2.46 support and dips lower, we're prepared to anticipate a bullish rebound from the lower support at $2.07. However, bear in mind that a descent below this additional support will suggest a deeper bearish trend. 💎Stay flexible with your strategies and vigilant with the market, Paradisers. Your ParadiseTeam is continuously monitoring, and prepared to navigate you through these market movements.
Long
by MyCryptoParadise_Simon
NEAR | Converging VWAPS and Trendline | A Big Move Coming?BINANCE:NEARUSDT BINANCE:NEARUSD Hit the rocket! ---------------------------------------------------------------------------------------------------------------------------------------------------->>>>>>>> The oversold line (green) from the most recent high is converging with the overbought line (red) of the most recent relevant low. This also coincides with the trend line which coincides with the psychological price of $3 so expect the bulls and bears to fight a bit around $3 with the bulls eventually winning. Crypto is volitile and easily manipulated. Caveat emptor. Playing with colored lines on a chart is Not Financial Advice .
BINANCE:NEARUSDLong
by tradepsych
NEAR ($NEAR): Technical rebound in mid-termTrend is still bearish on daily and weekly chart, but at the same time we do not exclude an interesting technical rebound in mid-term. In this analysis we just wanted to share our view and how it could develop (Impulsive Structure), for more details on support and resistance levels, visit our Blog. With this in mind, from a technical point of view, AMEX:NEAR still remains under pressure, so we do not rule out a bearish consolidation before a price recovery. 🔴 TRADING STRATEGY The best strategy may be to accumulate long positions on weakness (by the dip) with small sizes. 🔴 RISK MANAGEMENT Use only the portion of assets willing to lose (1%/2%) Analysis by Anonymous Banker Team Like | Share | Comment
Long
by TheAnonymousBanker
5
The Reversal is NEAR 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NEAR has exhibited an overall bullish trend , trading above the red trendlines zone. At present, NEAR is undergoing a correction phase and it is currently approaching the red trendline acting as a non-horizontal support. Moreover, it is retesting a strong demand zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #NEAR approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
NEAR Foundation Cuts Workforce by 40% The AMEX:NEAR Foundation, the driving force behind the Layer 1 blockchain NEAR Protocol, has recently announced a significant restructuring plan that involves a 40% reduction in its team. This decision, revealed by CEO Illia Polosukhin on January 11, comes as the organization shifts its focus toward a more targeted set of activities. The move is said to be a result of an internal review that identified inefficiencies within the Foundation's operations, prompting a strategic consolidation of its core team. Downsizing Details: The restructuring plan will impact 35 team members across various departments, including marketing, business development, and community teams. In his announcement, Polosukhin expressed the Foundation's commitment to supporting the affected colleagues during this transition, facilitating their exploration of new opportunities within the NEAR ecosystem, the broader Web3 industry, and beyond. Review Findings: The decision to downsize appears to be rooted in a comprehensive review of the Foundation's activities, revealing shortcomings in its effectiveness. Polosukhin stated, "Following this review, we have decided to significantly consolidate the core Foundation team to focus on a narrower and higher-impact set of activities." This strategic realignment aims to enhance the Foundation's overall efficiency and impact in the blockchain space. Financial Standing: Despite the organizational changes, Polosukhin reassured the community that the NEAR Treasury remains robust. With over $285 million in fiat currency, 305 million AMEX:NEAR tokens (valued at over $1 billion), and $70 million in investments and loans, the Foundation maintains a strong financial position. This stability provides a foundation for the ongoing development and growth of the AMEX:NEAR Protocol. Allegations by Wintermute: In November, crypto market-making firm Wintermute raised serious allegations against the AMEX:NEAR Foundation and its subsidiary Aurora Labs. Wintermute's founder and CEO, Evgeny Gaevoy, accused the Foundation of failing to honor an $11 million redemption deal related to NEAR's now-defunct stablecoin, USN. The transaction was supposed to allow Wintermute to redeem USN for USDT on a 1:1 basis. However, NEAR Foundation allegedly refused to honor their commitments, leaving Wintermute without the expected USDT despite submitting the redemption request months earlier. Conclusion: The AMEX:NEAR Protocol's recent restructuring and the subsequent allegations by Wintermute add a layer of complexity to the blockchain project's narrative. As the AMEX:NEAR Foundation navigates these challenges, the broader blockchain community will be watching closely to assess the impact on the protocol's development, adoption, and overall reputation. The combination of internal changes and external criticisms underscores the dynamic nature of the blockchain industry and the importance of transparency and accountability in sustaining trust within the ecosystem.
by DEXWireNews
1
NEAR/USDT preparing for upward momentum? 👀🚀NEAR Analysis💎Paradisers, take note of the current trend in #NEARUSDT, which is indicating a likely bullish continuation from its current demand zone. 💎 NEAR Protocol recently experienced a decline after facing rejection at a strong supply level. Currently, it's gathering momentum in the demand zone at $2.877. If it can maintain momentum above this level, there's a considerable probability of an upward movement, targeting the higher supply level at $4.483. 💎 However, if #NEAR encounters difficulties in sustaining above the $2.877 demand level, a strategic reassessment may be necessary. 💎 In such a scenario, we would shift our attention to a possible bullish ascent from a lower support level at $2.289. Keeping a close watch on this level is crucial, as a drop below it could necessitate a strategic shift, underlining potential obstacles in maintaining a bullish trajectory in the #NEAR market.
Long
by MyCryptoParadise
1
NEAR/USDT currently advancing towards a crucial resistance area!💎 NEAR has been garnering considerable attention in the market and is currently advancing towards a crucial resistance area. For NEAR to confirm its midterm bullish trend, it's essential to break through this resistance. A successful breach of this barrier could set NEAR on a path towards our targeted bearish OB area. 💎 However, should NEAR struggle to sustain its upward trajectory and instead revert to the demand area, its probability would indicate the need to gather new momentum for another push upwards. 💎 In the demand zone, a robust response is critical for NEAR. NEAR needs to demonstrate a strong bounce and attempt to break through the resistance again to continue its ascent. Failure to show a significant recovery in the demand area, especially if it leads to a breakdown below this level, could signal a reversal to a bearish trend. Such a development might result in NEAR moving towards a more substantial support area.
by MyCryptoParadise
4
NEAR/USDT looks Ready for a Bullish Breakout?👀 🚀Nearprotocol💎 Paradisers, let's turn our analytical lens towards #NEARUSDT as it's shaping up for a potentially significant market move. We're observing it on the cusp of a pivotal breakthrough in a crucial supply zone, indicating a potential upward journey on successful navigation. 💎 Let’s zoom in on #NEARPROTOCOL recent moves. It's been playing cat-and-mouse with a descending channel for about a month, finally breaking free with some impressive green candle action. It’s like NEAR gearing up to smash through the daily supply zone. And if it nails this breakout? We’re eyeing supply levels at $2.863 and $3.719 – talk about reaching new heights! 💎 But hold on, savvy NEAR traders, this isn’t a one-way street. Cryptocurrency markets are full of twists and turns. If it breakout turns out to be a cliffhanger and doesn’t go as planned, be on the lookout for a bullish bounce back from the support line at $1.647. Think of it as your trading safety net. 💎 And here’s the real kicker: if NEAR takes a dive below this support level, it's a signal to switch gears. It might mean rethinking our bullish script and adapting to whatever plot twist the market throws our way. 🌴🍿💰
Long
by MyCryptoParadise
2