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Nearprotocolcoin

NEAR (NEAR Protocol): Resistance BreakoutTrade setup : Price broke back above the 200-day moving average (~$5.46), which signals resumption of Uptrend. It's also broken above $6.00 resistance, making a higher high, a sign of uptrend. Price could revisit $7.70 next. We would be buyers on pullbacks to support zone between 200-day moving average of $5.50 and $6.00. Stop Loss at $5.30. Price could revisit $8.00 thereafter. Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7. Trend : Short-term trend is Up, Medium-term trend is Neutral and Long-term trend is Strong Down. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $4.60, then $3.50. Nearest Resistance Zone is $6.00, then $7.70.
Long
by altFINS
Near protocol NEAR price finished its correction?Today, we'll talk about the prospects for #NEARUSDT price movement The last time we wrote a medium-term forecast for Near's price movement was 4 months ago. The forecast was $3.70 ↘️$2.50 ️↗️ $10, and the current high was $9 Come on, admit it, who started selling AMEX:NEAR before the target ?) When the correction began, we made an estimate of where it would be interesting to buy #Nearusd - $3.85 - $4.50. The price has already squeezed there, and to be honest, we would not want to see NEAR below $4. And if you look at the current chart of NEARUSDT on the 12-hour timeframe, you will see 5-6 "shadows" from the bottom, which means that the coin is being bought back. Our medium-term targets for the Near protocol token price are $10 - $13 - $15.50 - and ATH = $20 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
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 $11 million redemption deal related to NEAR's now-defunct stablecoin, USN. The transaction was supposed to allow Wintermute to redeem USN for USDT on a 1:1 basis. However, NEAR Foundation allegedly refused to honor their commitments, leaving Wintermute without the expected USDT despite submitting the redemption request months earlier. Conclusion: The AMEX:NEAR Protocol's recent restructuring and the subsequent allegations by Wintermute add a layer of complexity to the blockchain project's narrative. As the AMEX:NEAR Foundation navigates these challenges, the broader blockchain community will be watching closely to assess the impact on the protocol's development, adoption, and overall reputation. The combination of internal changes and external criticisms underscores the dynamic nature of the blockchain industry and the importance of transparency and accountability in sustaining trust within the ecosystem.
by DEXWireNews
1
Will Near Protocol ($NEAR) Gain More Momentum? From October 15, NEAR has soared by 350%, hitting a local peak at $4.62. With its all-time high still 400% above the current price, NEAR retains significant upside potential. It's trading within the support range of $3.34-$3.63 and facing resistance at $4.29-$4.62. Overcoming the psychological barrier of $4 is key for further growth. If the trend gains momentum, NEAR might test the $5 level. The potential for a NEAR correction is also notable, with lower support levels at $3.2 and $2.75-$3.04. Further declines will depend on BTC's behavior.
by DEXWireNews
Near price comes to life!) Holders have been waiting for you)NEAR price has dropped back into the $1.20-1.30 liquidity zone At the beginning of its trading, NEARUSDT, after breaking through this liquidity zone, began a solid and solid price growth. In 2023, the NEARUSD price is testing this level for the third time, which is probably a strong mirror zone. The only nuance is that in six months of 2023, the price of BTC roughly doubled from $15k to $30k, while the price of Near did not. Therefore, keeping our fingers crossed for NEAR, we can assume that if buyers manage to hold the $1.25 level, they should be able to double the NEARUSDT price to $2.75 just to catch up with the amplitude of BTC's growth. However, if NEARUSDT drops and consolidates below $1.20, then it's nothing personal, but the next stop from the bottom is $0.90. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
14
The Singularity is Near +1000%I started buying at a price of 2 dollars. This morning was considering this project for long-term investment and decided to increase the share of my capital in this project. A few hours after the purchase, the news appeared that NEAR will develop in the direction of artificial intelligence. And this is a very important direction today. I would like to remind you that one of the founders before the creation of the NEAR blockchain worked for a long time in the field of artificial intelligence, so I am confident in the successful growth of this project in the long term.
Long
by HedonistTrade
🔥 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
NEARUSDT 12h Strong rebound and good prospects for NEAR priceAfter the market crash on 09/06/22, when BTCUSDT price updated the local low, many altcoins partially repeated this maneuver, but without updating the lows. But already today we see that the NEARUSDT price not only did not renew the lows of the previous months, but also showed one of the best rebounds upwards. Well, with such strength and enthusiasm of NEAR buyers, we can expect a continuation of good growth in the area of $​​5.60 Local correction to $4.15 before the continuation of growth will also be within adequate limits without breaking the structure of the future growth pattern. Globally, the reversal and change of the trend is a long process, not everyone has the patience to sit out in the crypt. As a result, units will be rewarded for patience, and the rest will be catching up in the course of growth, pumping the market with fresh money. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
25
NEARUSDT 1D Near Protocol price growth is acceleratingThe Nearusdt price movement structure is different from most altcoins. Most altcoins started their downtrend back in late 2021 - early 2022. The Nearusd price was still actively growing in April 2022, and then large buyers seemed to abruptly leave NEAR and the price irretrievably fell from $18 to $3. It hurts for those who trade without stops. A new set of longs took place in the range of 3-4 dollars. Now the Nearusdt price is starting to gain the amplitude of parabolic growth. However, at the moment, we hardly believe that the Near price will be able to break through and establish itself above the liquidity zone of $6.90-7.60 from the first time. Therefore, this is the first strong target where longs taken below can begin to close. If we see activity from you under this idea in the form of likes and comments, then after reaching the goal, we will update our thoughts regarding the possible further price movement of the Near Protocol. Therefore, if you are interested in NEAR, everything is in your hands :) _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Long
by P_S_trade
21
NEAR PROTOCOL the last chance (bottom) and the range market 📖🚀Hello 🐋 Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️ we expect to see gain besides the range market is an acceptable scenario too 📖💡🚀 and if the price breaks the range area to the upside, we will see more gain 🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
4
NEARUSDT 1D Near protocol, possible x3 rise for 3 months?Today, we bring to your attention the analysis and possible medium-term trade of the pair Nearusdt In recent times, a lot of news has been circulating around the Near protocol, some of them official, and some at the level of rumors or conjectures. But we here are not for this, we are translating into text what we see on the chart. On the chart, we see increased trade turnover, which means the interest and struggle of buyers and sellers at key levels. In general, today, Near is in the top 10 in terms of trade volume around the all crypt , a worthy result to offer a medium-term trade. We set up a procurement area of ​​$14.10-14.80 for ourselves. Tonight the minimum was $14.70. At the moment - there is still the possibility of falling the price in the desired area of ​​purchase. Fixing the price NEARUSD above $16.30 will mean that the price movement has begun. As can be seen from the history of trading in the area of ​​$13 traded mirror level , which at one time skillfully alternately played the role of support and resistance. Therefore, it is logical to place the stop below $13. In this trade, we see three logical take profits, and each individual will be able to choose a comfortable trade for themselves. In summary, we obtain the following initial data for the trade: The entrance area to the long - $14.10-14.80 Stop - $12.99 TP1 - $20.60 TP2 - $28.60 TP3 - $41.40-42.00 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Long
by P_S_trade
29
NEAR PROTOCOL (Request)- i never analyzed this project but i knew about it. ( i didn't get selected for the presale on Coinlist, no luck..) What Is NEAR Protocol (NEAR)? NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.” - Near is a mega bullish coin and a strong project, that said, i never buy a fomo and my strategy is always to catch a dip to maximize my profits. - Near Protocol touched 20$ (Round Number in people's brain) - i could be wrong on this analysis as this project is very bullish. --------------------------- Trading Plan --------------------------- Buy Zone : 11$ Rebuy Zone : 9$ TP : 28$ ish --------------------------- No need SL --------------------------- Happy Tr4Ding !
Long
by thecryer
15
NEAR Near Protocol: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Near Protocol (NEARUSD). The chart is self-explanatory. The price recently formed a double bottom but still in a descending triangle. If price breaks out of the triangle, there may be a chance for a upside to the resistance area noted in the chart. RSI is getting supported by a support line. If price breaks down, please keep an eye on the Ichimoku Cloud as support as well as the dash line as a support area. Included in the chart: Trend line, Support and Resistance Lines, RSI, Descending Triangle, Bearish Divergence, Ichimoku Cloud, Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:NEARUSD
by MillionaireEconomics
2
NEAR (NEAR Protocol) Coin Analysis 01/04/2021as we had Analyzed this coin Earlier and Capitalized on it, we are Updating it and taking new Positions... Fundamentals: NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees. NEAR is the native utility token that is used for: Fees for processing transactions and storing data. Running validator nodes on the network via staking NEAR tokens. Used for governance votes to determine how network resources are allocated. NEAR tools include: NEAR SDKs which includes standard data structures and testing tools for Rust and AssemblyScript. Gitpod for NEAR to create a zero time onboarding experience for developers. NEAR Wallet that lets application developers create streamlined user experiences. NEAR Explorer to aid with both debugging of contracts and the understanding of network performance. NEAR Command Line Tools to allow developers to deploy applications from local environments. NEAR Protocol launched its mainnet on April 22, 2020 with 1 billion NEAR tokens created at genesis. 5% of additional supply is issued each year to support the network as epoch rewards, of which 90% goes to validators (4.5% total) and 10% to the protocol treasury (0.5% total). 30% of transaction fees are paid out as rebates to contracts which interact with a transaction, while the remaining 70% are burned. NEAR Protocol is the brainchild of developers Alex Skidanov and Illia Polosukhin, both of whom have extensive experience in programming. The two met while Skidanov worked at U.S. startup accelerator Y Combinator, and in July 2018 began work on a project which focused on allowing developers to build and release software with less friction. This project became what is now the NEAR Protocol, and employs more than 40 staff, including developers with experience at Google and MemSQL. According to NEAR Protocol’s official website, many of the developers hold prizes and nominations from competitions in coding and related fields, notably the International Collegiate Programming Contest (ICPC). Skidanov himself worked at both MemSQL and Microsoft, while Polosukhin contributed to end-to-end open source machine learning platform TensorFlow and Google Search. Technical Analysis: there exist a Hidden Bullish Divergence with MACD which is the sign of trend continuation and we can also see that the price has done its Accumulation followed by a n up move and currently retracing and correcting it self where the reaccumulation is going on and we can see it has shown the Hidden bullish Divergence with MACD along the process. there total of 3 Targets defined by the Fibonacci Projection where as the 3 TP gets its confirmation as the Price Triggers the 2 TP followed by some Price correction
Long
by BitonGroup
22