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Nearusdtanalysis

NEAR Breakdown Confirmed! More Blood Before the Reversal?Yello, Paradisers! Is #NEAR about to drop even lower, or is a major reversal brewing? Let’s break it down! 💎#NEARUSDT recently suffered a descending triangle breakdown, sending prices tumbling lower. Adding to the bearish pressure, we’ve also got a death cross formation, reinforcing the weakness in price action. Right now, before NEAR can find any long-term bottom, the probability of further downside remains high. 💎The bulls are currently struggling. Multiple resistance levels are blocking any attempts to gain momentum, with all EMAs currently sloping downward—not a good sign for any immediate recovery. 💎NEAR is expected to slowly bleed into the long lower wick of February 3rd. Strong support exists between $2.65 and $2.40, a key demand zone that could trigger a bullish reversal. But if sellers continue to dominate, they could overpower this level and drive prices down further toward $2.05 - $1.95. This is a major higher time frame support zone, where a long-term reversal could finally take shape. 💎For the bulls to negate this growing pressure, they must break above $4.50—a critical level reinforced by both horizontal and descending resistance. If the price secures a bullish breakout above this, NEAR could be in a prime position to rally over the next few months. Paradisers, as always, patience and precision are key in this market. This isn’t a time for reckless trades—let the levels guide you, trade strategically, and stay disciplined. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
2
Near Protocol price analysisFor many deposits, the correction of the #NEAR price was quite painful. But if you look at the global chart of OKX:NEARUSDT , it's not so critical. We want to believe that someday #NEAR will cost $20 again, and there are theoretical and technical possibilities for this.... But before that, buyers need to be able to fix the price of #NearUSD above $3.5, and then above $4.5 at the exit from the "bearish flag". Only there is a safe medium-term purchase point for the #NearProtocol token in the current realities. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
Near Protocol AnalysisNear Protocol Analysis: Near Protocol is currently trading at 3.565, having recently broken through a critical support level. This breakdown has altered the technical structure of the asset, as the price now appears to be retesting the previously breached support zone, which has since transformed into resistance. In technical analysis, such a retest of a broken support level often serves as a key confirmation point for potential trend continuation. Should the current candle close decisively below this newly established resistance level, it could indicate a resumption of the bearish momentum, potentially paving the way for further downward movement. It is important to consider that the reliability of this bearish outlook will depend on several factors, including the volume accompanying the price action and the broader market sentiment surrounding Near Protocol. Traders should also remain cautious of any signs of rejection or potential reversal patterns at this critical juncture, as these could invalidate the bearish thesis and suggest a shift in market dynamics. In conclusion, while the current price action suggests a potential continuation of the downtrend. We would be interested in hearing your perspective on this analysis and whether you concur with the potential bearish outlook for Near Protocol. As always, trade responsibly and prioritize risk management.
Short
by sirkamal
1
Near idea!"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
by Golden_candle
NEAR Is One The Most Promising Crypto In This CycleHello, Skyrexians! Today we have the coin with the one of the best dynamic on this bull run. We are talking about BINANCE:NEARUSDT . Previous bull run looks not so impulsive that on other coins, but it is because the lowest point in covid crash has not been printed here, listing was later. Anyway, bear market in 2022 was severe for this asset, it retraced much lower, than 0.61 Fibonacci, but growth in the beginning of 2024 make this coin really promising! Let's take a look at the weekly time frame. Let's count previous bull run as the global wave 1, in this case, bear market wave 2 has the ABC zigzag structure has been finished in October 2023. From there we saw the impulsive wave 1 inside the new cycle, the global wave 3. There were doubts that Near is a trending asset, but currently there is a high probability, that we will see new ATH in 2025. Another one strong sign of great potential is the green dot on Bullish/Bearish Reversal Bar Indicator inside the local 0.61 Fibonacci retracement. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . Currently NEAR is inside the most impulsive part of cycle. This is wave 3, which has the target between 1.61 and 2.61 Fibonacci extension at $35 and $55. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
7
NEAR/USDT: Bullish Momentum Backed by MRI and Ecosystem GrowthBINANCE:NEARUSDT NEAR/USDT is shaping up for an exciting 2024, with bullish signals and significant ecosystem developments fueling its momentum across all timeframes. This idea explores how the Momentum Reversal Indicator (MRI), combined with key technical indicators, positions NEAR for potential upside in the next 3 to 6 months. Technical Analysis Overview Daily Timeframe MRI Setup : Green Setup 4 (bullish continuation). TI Risk Line : 6.567, limiting downside risk. Support: Strong support at 3.808. Resistance : None active, offering room for growth. Weekly Timeframe MRI Setup: Green Setup 3, confirming medium-term bullish momentum. TI Risk Line: 6.127 (well below the current price). Support/Resistance: Weekly support at 1.046 with no active resistance. Monthly Timeframe MRI Setup: Green Setup 1, marking the start of a long-term bullish trend. TI Risk Line: 0.628 (significantly below current price). Resistance: Key resistance at 19.788, leaving a substantial upside. Supporting Indicators Moving Averages: NEAR/USDT is trading above the 50-day and 200-day MAs, with a potential Golden Cross forming. RSI: Neutral to slightly bullish, allowing upward movement without overbought conditions. Fibonacci Retracement: The price is above the 38.2% retracement (5.610), confirming strong bullish support. Trendlines: Consistent respect for upward trendlines reinforces bullish sentiment. Trade Setup Action: Go Long. Entry : Near 6.556 or on pullbacks to 6.500. Stop Loss : Below 6.100, just under the Weekly TI Risk Line (6.127). Take Profit : Short-Term Target : 8.000. Medium-Term Target: 10.000. Bold Prediction for 6 Months If NEAR Protocol’s AI and Nightshade 2.0 upgrades gain traction, and market conditions remain bullish, NEAR/USDT could achieve $15 to $20 in the next 6 months. Key drivers include: Ecosystem adoption from AI integration. Increased DeFi activity via Infinex partnerships. Scalability improvements from Nightshade 2.0. BINANCE:NEARUSDT presents a strong bullish opportunity with high-probability setups across all timeframes. While risks such as market volatility and project execution remain, the upside potential is significant. What do you think? Are you bullish or bearish on NEAR? Let’s discuss below! 🚀
Long
by hydtie