From October 15th, 2023, low of $0.970, the price had peaked more than 800% up to $9.0 by March 14th, 2024. Thereon, the BTC declined, and a broader market followed, resonating with the godfather of global crypto.
In the process of rising and declining, two major zones were developed, where the supply was built around $8.5, and demand was built around $4.0.
Recently, the price of NEAR has jumped from the demand zone as BTC sustained and rose higher; the gain in the past 12 days from where BTC showed sustenance was 62%.
At press time, the EMA bands support the price as it moves past them. MACD highlighted a histogram at 0.225, and the RSI was at 62.57. Those indicators were bullish at the time of writing, where the price last traded at $6.132.
Therefore, if the price keeps surging higher, the resistances are $7.0 and $9.0, respectively. However, if the price declines, then the support is at $5.5 and $4.5, respectively.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.