$NEARNEAR looks parabolic.
New ecosystem opening up pretty rapidly.
I've bought a couple names on this chain that are too immature as of yet to mention. Shows promise.
Chart says to me it's just going to go crazy in the immediate term, so I'm not all that concerned about timing an entry.
Could dip a little and consolidate, but I'll start buying chunks of it now.
Pattern roughly matches others that have suddenly gone parabolic. Probably ends with a nice big blow off top.
NEAR
NEARUSDT BINANCE#NearUSDT Binance
Introduction
NEAR is eliminating the barriers to Web 3 adoption. With high speeds, low fees, and progressive UX, NEAR’s climate-neutral blockchain is ready for explosive growth.
NEAR runs in concert with Ethereum, Polkadot, Cosmos, and more, allowing for the free flow of assets and communication between networks for the betterment of all.
#My_Analysis
Near has just found another support on 13-12 zone and it's a good thing.
I think in few more months or weeks.
If near is able to breakout of 15-15 zone.
We shouldn't expect the following
18
26
32
40
52.8
I believe strongly that Near protocol will go 200-500% profit from now even through the Fundamentals .
This is not a financial advice.
Please do your own research before investing your money.
If you want to be part of our Crypto signal and analysis group.
Near is Stuck in a Bearish Trend! Might reach 5$!!Hello every one
NEAR is In a Bearish trend Right now, you might not Be able to see It in The First look, But if you Take a Closer Look, You can See NEAR was Not able to Break 12$ Resistance Multiple Times (3 Rejections!) if we Draw The Resistance Line and The Dynamic Support on The chart we can come To a Understanding That The Price is in a Broadening Wedge Pattern! This Means The Price can Range For a Lot of Time Before The Break out happens! So now The Price is near The Top of The Said Pattern. There is a (-HD) On MACD which Can be Considered as a Confirmation for The Expected Bearish Movement Up to the Bottom of The Broadening Wedge Pattern. The Expected Price for NEAR for now Is 5$.
Summery:
-NEAR Couldn't Break the 12$ Resistance Multiple Times!
-It is In a Broadening Wedge Pattern.
-(-HD) on MACD
-It can Reach 5$!
🔴This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
NEAR Protocol (NEAR) technical analysisWe can see that after the harmonic pattern ended, NEAR started an uptrend wave and now has reached the area in which two resistance lines meet. It looks like the uptrend wave is unfolding in an inverted wedge-like pattern. Since the price has pumped up recently, it is too risky to buy now. It is more probable that NEAR will enter a correction wave and there are two possible areas that we can buy it if the price revese; there is the lower line of the inverted wedge and the horizontal area to which the price reacted several times in the past.
NEAR Protocol Analysis Bullish On 1D NEAR has more potential than Solana.
Infrastructure projects are now being created in the NEAR ecosystem. The active phase of the project's development has begun. My opinion is that we will see the price for 1 NEAR above $50 in the long run. NEAR is close to updating the ATH . The nearest strong resistance is around $20. NEAR has a strong team that is focused on cooperation in the market, not competition.
NEAR is used to pay for transaction fees and storage. NEAR tokens can also be staked by token holders who participate in achieving network consensus as transaction validators. NEAR Protocol is focused on creating a user-friendly platform.
The NEAR ecosystem announced a monumental $800 million in funding initiatives targeted at accelerating growth.
The announcement, which includes the $350 million in funding announced by Proximity Labs is designed to build on the momentum in the NEAR ecosystem over the last 12 months.
While NEAR is giving all communities access to this record amount of funding, it will be focusing on Decentralized Finance (DeFi) teams who are actively revolutionizing and reimagining the way we interact with money.
There are now more than 1.3 million active accounts on the network,
according to the statement. DeFi projects on NEAR have already hit a significant milestone of more than $150M Total Value Locked ( TVL ). NEAR has an ambitious goal to grow that number quickly and securely. NEAR is also actively looking for projects focused on NFTs, DAOs, and gaming.
NEAR’s next chapter is all about fostering growth by helping developers access best-in-class support and providing users with a frictionless experience using and navigating the web3 world. New funding helps accelerate this process.
Of the $800 million in funding, $100 million will be allocated to Startup Grant Pools. More than 20 startups will be identified and given $5M each in funding to redistribute to key stakeholders – the ecosystem ultimately decides who gets funding.
Some $250 million will be allocated to ecosystem grants helping existing projects further develop and scale. The remaining $100M will be allocated to Regional Funds: money allocated to foster the development of NEAR’s largest community regions in Asia, Europe, and the US.
It’s backed by venture-capital firms such as Andreessen Horowitz’s AI6Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.
Coming soon, Aurora IDO is an EVM built on the NEAR protocol that provides developers with a turnkey solution for running applications on an Ethereum-compatible, high-performance, scalable, and future-safe platform with low fees.
Stay tuned for future news, updates, and more.
Best regards,
Muhammad Ghazanfar
CRYPTO - NEAR - Triple bottom. Get long CRYPTO - NEAR - Triple bottom. Selling is weakening. Massive buying pressure around. Triple bottom. Time to fly through to 11.50 to start.
Volume - A massive green candle showing interest is there
RSI - higher on each new low showing selling strength is weakening.
STO - Bottomed out and ready for a bounce.
Buy at 9.25
Target 1 is 11.50
Stop 8.50
NEAR performing really well. New Money maker arrised?A simple and plain view to the charts. Technical analysis have been done and back tested for over two years back with a success rate of 100% .Technical details are not available to be shared for a public due continues testing. ( some minor errors accrued in the past due human error/ mistakes , lost concentration while working with charts and without any major effect on the trend predictions).
Chart is provided only for educational purpose.
I would like to think that price drop going to reach 11.66 level, but sadly to many factors pointing to decline afterwards.
Near performed very well in the recent market conditions and money got made. What next? Any Ideas? Please share with us!!!
Chart going to be updated after reaching key levels. Usually it takes a few times per month.
Long Live and Prosper to all crypto traders!