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NEAR

NEAR has maintained a strong uptrendNEAR has maintained a strong uptrend over the past week, and buying support has led to a break above the long-term descending channel ceiling and static resistance at $1.75. The next resistance in the $2.03-$2.08 range was exactly followed by a reaction on both sides and has now become a good support. But the second support is considered in the range of $1.84 to $1.89, which is a more reliable range. This strong bullish wave could form once again, and if there is a pullback and a positive reaction to the supports, we expect a rally to the $2.65-$2.96 range. There is strong potential for a price reversal in the daily time frame, and if Bitcoin holds its support, NEAR could take a mid-term bullish trend.
by MonoCoinSignal
🔥 Why Near Protocol coin is falling? 👇Today we will talk about Near Protocol The last 4 months have been somehow catastrophic for the NEARUSDT price. After all, during November, Near depreciated twice from $3 to $1.5, and since August 4 times from $6 to the current $1.5. One of the reasons that encourages investors to get rid of their Near can be called that the structures of Samuel Banckman-Fried (FTX and Co) own a total of 17 million NEAR tokens. In case of bankruptcy, they are subject to liquidation. That is, they will be transferred or sold to someone. However, NEAR has insurance against the simultaneous sale of coins - most of the tokens owned by FTX will be unlocked within three years. This reason at least somehow explains the NEAR drain in November. But why NEAR was drained in large amounts before, we do not know. Did the "big wallets" know about the impending troubles in the crypto world much earlier? Write what you think about it in the comments below the idea. The other day, the price of NEARUSD easily updated the minimum from 2021, without any problems, and without the volume of the struggle between buyers and sellers. Well, now we can only assume in what format the downward trend of the NEARUSDT price will be able to reverse. As an option, a long formation of the "Inverted Head and Shoulders" reversal pattern is possible. Potentially, the formation fits the technical description of the pattern, as well as the volumes that decrease from the left shoulder to the Head. Now the price of NEARUSDT is above the liquidity level of $1.25-1.50, there are chances that it may not go lower. And then the long growth of the NEAR price to the $5 area, where every trader and hodler should think about it: "Is it worth keeping this asset "? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
25
✴️ NEAR Protocol | BULLS ConfirmedNEAR started the year challenging EMA50... The first time being 5th January. NEARUSDT fought with this resistance for a few days until yesterday, 11-Jan., when the bullish bias was confirmed through a full green candle... when this level was conquered. Oh wait... This is was supposed to be an update to this previous trade idea, see below: We already predicted that NEAR Protocol hit bottom... No surprise now it goes up; More to come! Patience is key. Namaste.
Long
by AlanSantana
5
✴️ NEAR Protocol Hits Bottom | Volume Analysis (211% Potential)We will now entertain ourselves with a different type of signal... Normally we look at the RSI, EMA50, Candlesticks and what not; Let's make it a little bit different this time. NEAR Protocol (NEARUSDT) dropped by 94.42% from its All-Time High (-94%). How do I know if this is the bottom? The peak was hit in late 2021, afterward we have the bear cycle/bear market/correction phase. - As this phase approaches volume increase, it is still strong (1st wave). - As this phase intensifies, volume reaches its highest level (3rd wave). - As this phase reaches its end (bottom), volume goes lower (5th wave). New lows being hit as volume decreases signals that the trend is coming to an end. Since we have above average volume in the last three days as NEARUSDT breaks above EMA10... These signals are telling us that things are about to change. How was it? Very simple... Simple is awesome... Simple is jus great! Thank you for reading. Namaste.
Long
by AlanSantana
6
✳️ NEAR Protocol VB, HL, hBD | Chart LanguageChart language. The last 3D candle on the NEARBTC pair closed yesterday and we can appreciate a breakout in bull volume. The biggest volume bar since late November. The RSI also hit its lowest point recently and when we look back to December 2020/January 2021 we can notice a "hidden" bullish divergence. This happens when the RSI hit a lower low, long-term in this case, while the pair hit a higher low. These are the three signals mentioned on the title: 1- Volume breakout (VB). 2- Long-term higher lows (HL). 3- Long-term hidden bullish divergence (hBD)... Chart language. The last candle with high volume closed above EMA10. Telling us that the bulls are now playing NEAR Protocol and with the bulls playing we expect green. One last little detail... NEARBTC corrected by 84.29% from its All-Time High. There you have it... Another altcoins vs bitcoin pair that bottoms in the same range. All this tells us that the upside has more probability next than red. Easy 105% with additional potential long-term. Thank you for reading. If you enjoy the content feel sure to follow me and boost. 🚀👍 Namaste.
Long
by AlanSantana
2
Double bottom patternNEAR has registered a 16% price growth in the past day. Its price has formed a double bottom pattern on its support level in the range of $1.30 to $1.17. Confirmation of the pattern by breaking the $1.37 range caused the NEAR pump and price growth to the $1.66 range. This strong reversal can become a trend reversal wave in the daily time frame. But it has made the 4-hour time trend upward. Therefore, in the 4-hour timeframe, pullbacks towards the support of the $1.37 to $1.44 range can be associated with a positive reaction. Therefore, after the pullback, we can expect another upward movement to the range of $1.75.
by MonoCoinSignal
17
NEAR Protocol Analyze (Road Map)!!!🗺️(+250%😱)❗️❓Today, let's look at NEAR Protocol's road map🗺️. What Is NEAR Protocol (NEAR)❗️❓ NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.” NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.” Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- NEAR Protocol is running on descending channel for about one year. Also, If we look at the NEAR Protocol by Elliott waves theory. It is running on microwave 4 of microwave 5 of main wave A. I tried to show you the end of main wave A in my chart. 🔆Suggestion: If you want to add NEAR to your portfolio, you can wait to break the upper line of descending channel or when NEAR touches my target(zone) for the end of main wave A. NEAR Protocol Analyze ( NEARUSDT ) Timeframe Daily⏰ (Log Scale). Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
2