Nearprotocol
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.
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.
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 .
NEAR/USDT TRADE SETUP! #NEAR:
Entry Point:
Buy at CMP: Consider entering the trade at the Current Market Price (CMP), taking advantage of the current market conditions.
Additional Entry: Be prepared to add more positions if the price drops to $3.34. This level is identified as a potential strategic buying opportunity.
Target Prices:
Set specific target prices at $3.52, $3.6, $3.78, $4.01, and $4.2. These levels represent potential profit-taking points as the price moves upward.
Stop Loss (SL):
Set a stop-loss at $3.236. This level is chosen to limit potential losses and effectively manage risk.
Leverage:
The recommendation advises maintaining low leverage and entering the market at the lowest possible price. It suggests a gradual entry approach and encourages traders to avoid sudden decisions. Using leverage cautiously is crucial to minimize risk.
Cautionary Note:
Reminds traders to do their own research (DYOR) before making any trading decisions. This reinforces the importance of conducting personal research for informed decision-making.
Includes "NFA" (No Financial Advice), emphasizing that the provided information is not a recommendation for financial decisions.
In summary, the recommendation outlines a trading strategy for #NEAR, providing specific entry points, target prices, and a stop-loss level for risk management. It emphasizes caution with leverage, gradual entry, and the necessity of conducting personal research. As always, the information is not financial advice.
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.
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.
For this best zone (NEAR)📊Analysis by AhmadArz:
back to break of trendline & candle of bullish.
🔍Entry: 3.66
🛑Stop Loss: 4.48
🎯Take Profit: 3.80 -4.48
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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NEAR - 1D Buying OpportunitySelling pressure for Near coin has eased, and a majority of sellers are now closing their positions in this area.
Furthermore, the price hasn't managed to reach significantly lower lows, indicating weakness among sellers.
In my view, the price of Near is poised to increase in the near future, potentially rising at least as much as the last pullback.
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. 🌴🍿💰
NEAR/USDT Analyzing Bullish Potential from Resistance ?👀🚀💎 Paradisers, let's turn our attention to #NEARUSDT as it showcases a notable trend. The asset is exhibiting signals that suggest a bullish continuation, having recently transitioned from resistance to a potential support zone.
💎 #NEARPROTOCOL recently faced rejection at the $3.826 resistance level, with market sentiment leaning towards selling. However, there's a strong likelihood of a bullish trend continuation from the support level at $2.664. If AMEX:NEAR maintains its momentum above this support, it could set its sights on the substantial resistance level at $5.278.
💎 But, as any seasoned trader knows, having a backup plan is crucial. If #NEAR fails to sustain itself above the $2.664 support, it may be time to consider Plan B. This alternative scenario might involve a bullish recovery from the lower support level at $5.278. Keep in mind, a breach below this level could indicate a shift towards a more significant downward movement. 🌴💰
NEARUSD This rally is far from over. +1300% rise on sight.Near Protocol (NEARUSD) is posting the strongest 1W candle since the previous Bull Cycle and has turned the 1W MA50 (blue trend-line) into Support. The 1W RSI is already overbought approaching the 80.00 level but there is still much room for this rally to grow long-term.
Historically, NEAR has seen two major multi-month rallies within the +1300% +1350% range. Measuring from the October Low, a new +1300% rise would push the price all the way to the top of the dominant Channel Down pattern. As a result, this is still a solid (even better confirmed) level to enter for the long-term and target 12.000.
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NEAR Protocol NEAR Coin Price PredictionNEAR Protocol NEAR Coin Price Prediction
🔥 Price on the 4H chart might come at these support area and we might get a potential bounce🔥
Potential bounce areas for Buying 2.614 and 2.182
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📈 NEAR Protocol (NEAR) Spot Long Trade AnalysisAn analysis of NEAR Protocol (NEAR) suggests a potential spot long trade opportunity, emphasizing support, resistance, and risk management for strategic decision-making.
Key Considerations:
Entry Zone: The proposed entry zone for the spot long trade is between $2.17 - $2.27.
Take Profit (TP): The Take Profit (TP) level is set at the next area of resistance, ranging from $2.60 - $2.75.
Stop Loss (SL): Risk management involves setting the Stop Loss (SL) below both the range low support of $2.17 and the ascending support line, approximately at $2.05.
#NEARProtocol #CryptoTrading #RiskManagement
Long-Term Price Analysis for NEAR Coin!#NEAR
The range we have been waiting for long-term spot buying for NEAR coin is between $1.415 and $1.32. When NEAR coin reaches the zone indicated as blue lines in the analysis, it will have completed a retest move to the trend support.
If NEAR coin initiates an upward movement from the $1.415 - $1.32 range, our target for the upward trend is the $2.20 region.
Our initial purchase for NEAR coin will be at the $1.415 level, and we are placing our second buy order at the $1.32 level.
NFA.
Near Protocol (NEAR) Bulls are Prioritizing Breaking ZoneNear Protocol (NEAR)
While NEAR's price has surged by 120% over the past month, its growth has recently decelerated. The asset is trading in a support zone ranging from $1.70 to $1.83, and buyers appear hesitant to push the asset beyond this range.
Should NEAR continue its upward trajectory amid Bitcoin's positive trend, the token might test the $1.95 mark and encounter resistance in the $2.05-$2.19 zone. Bulls are prioritizing breaking past these local highs. If successful, NEAR might then tackle resistance levels at $2.3 and $2.4.
Beneath its current support zone, NEAR has a potential buyer's level at $1.65 and another zone between $1.46 and $1.55. These levels could be tested even without a Bitcoin market correction, particularly if buyers lack the momentum to drive up prices from their current positions.
The key is whether it can rise above 2.24Hello traders!
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(NEARUSDT chart)
Among the coins that are expanding the coin ecosystem, NEAR is one of the coins that has not yet risen above the MS-Signal indicator on the 1M chart.
Accordingly, the key is whether the price can be maintained above 1.99 and rise above the M-Signal indicator on the 1M chart.
(1W chart)
To do so, it is necessary to check whether the price can be maintained by rising above 2.24.
If that happens, it is expected to lead to a movement to rise above the M-Signal indicator of the 1M chart and an attempt to break through the MS-Signal indicator of the 1M chart.
(1D chart)
The key is whether the price can be maintained by receiving support around the 1.870-1.964 range and rising above 2.272.
Accordingly, it is becoming important whether the price can be supported by rising to the box range of 2.086-2.404.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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