Get started
NEAR vs US DollarNEAR vs US DollarNEAR vs US Dollar

NEAR vs US Dollar

No trades
No trades
OverviewNewsCommunitySeasonalsMarketsDerivatives

In-depth trading ideas


Discover detailed market analysis from traders. See how others approach this instrument, compare different strategies, and discover perspectives that can shape your own view.
Trade ideasMinds
esistance from the upper border of a desceSeveral factors are fueling the bullish sentiment around NEAR. Despite the recent price surge and positive on-chain signals, there are still risks to consider based on the price chart. Since NEAR's price surged from the demand zone this September, it has encountered a significant resistance level at $4.401, which is hindering further gains. At the same time, the price is facing resistance from the upper border of a descending wedge pattern around $4.400. Overcoming these multiple hurdles could validate the recent ascent seen over the past two weeks, boosting investor confidence. A change of character (ChoCh) will be confirmed if NEAR surpasses these critical levels, potentially skyrocketing long-term investor confidence. If NEAR continues its upward trajectory, the next targets are $5.5 and $6.5. However, failure to display a ChoCh could lead to consolidation or a bearish trend.
COINBASE:NEARUSDLong
by Yash_Jain_1309
the long-term trend appears bearish, posing challenges for NEAR The daily chart for NEAR Protocol reveals a declining channel pattern, with the price fluctuating between the upper and lower boundaries. NEAR's price remained range-bound throughout August, with $3.25 as support and $5 as resistance. On the upside, there is potential for the price to reach the $7.5 level, which marks the channel’s upper boundary. But this would require a breakout above the psychological $5 level. Currently, the long-term trend appears bearish, posing challenges for NEAR bulls. The price is trading below key Exponential Moving Averages (20, 50, and 200 days), indicating a weak trend and more favourable conditions for sellers. If the price falls below the $3.25 level, it could signal a continuation of the bearish trend, potentially dragging the price down up to or beneath $3. The RSI and the 14-day SMA are flat and below the mean line, suggesting a neutral to bearish short-term outlook. MACD is below the zero line, with a narrow histogram of 0.015, further indicating a bearish sentiment.
COINBASE:NEARUSDLong
by Yash_Jain_1309
NEAR Protocol (NEAR)NEAR Protocol (NEAR) NEAR Protocol is the leading Artificial Intelligence cryptocurrency with a market capitalization of $4.09 Billion. It is a layer one blockchain that uses Nightshade technology to improve transaction throughput massively. It was designed to eliminate blockchain limitations like low transaction speed, low throughput and poor interoperability. Moreover, the daily chart highlights the formation of a declining parallel channel pattern with NEAR price hovering close to the lower boundary of the channel. The transaction volume has surged by 32.1% to $190.96 Million a day suggesting a heightened demand. The long term trend outlook is bearish at the moment. However, the price hovers near the demand zone of $3.5 level from where some short term buying may be triggered. Also, the price hovers near the lower boundary of the channel from where a short term buying is likely. On the higher side, the 50 day EMA at $4.45 may act as a hurdle for the buyers if a recovery triggers from the low.
CRYPTO:NEARUSDLong
by Ritika_TCR
Can Heightened Social Metrics Drive Momentum In NEAR ProtocolCan Heightened Social Metrics Drive Momentum In NEAR Protocol The social metrics have surged indicating a heightened user engagement in the asset. The daily chart highlights the formation of a declining channel pattern with the price hovering near the boundary. NEAR Protocol price has loomed back towards the recent demand of $3.5 level following the chaos in the broader markets. The Blue chip cryptocurrencies like Bitcoin and Ethereum are slipping towards the lows raising concerns about a further drawdown in the altcoins. At the time of writing, Bitcoin had wiped out nearly 2.9% in intraday and was headed towards the psychological level of $55K. Whereas, Ethereum traded near $2380 losing 2.8% a day. Moreover, the NEAR Protocol which had been in a correction phase for the last couple of months seemed to be stabilizing near the recent support amid the broader market's turmoil. Recently, the bulls attempted for a recovery which seemed to be vanishing after the broader market weakened. Despite all, few on-chain metrics are pointing towards a possible recovery in the asset's price. Let's analyze and try to find whether the drawdown may continue or a recovery is likely in NEAR. Social Metrics On the Rise: A Recovery is Likely? The recent sessions saw a price rejection from the higher levels amid the rising investor concerns in the broader markets. However, the analysts have observed a notable change in the social metrics and transaction volume which suggests a recovery might be round the corner. The social metrics is an on-chain data including social dominance and social volume. As per the analysts, the social metrics curve was observed to be headed upwards indicating the increasing participation of the social media users. The social activities including Twitter news, Twitter followers, and social volume (including active users of Telegram and Twitter) reflects how much it is talked about, valued, and sought after by the crypto community. Moreover, the transaction volume has increased from $130 Million a day to $160 Million at present suggesting a heightened demand in the asset. The volume to market cap ratio at 3.89% indicates low volatility in the crypto. With a live market capitalization of $4.2 Billion NEAR protocol ranks 20th in the cryptoverse. Bullish Or Bearish: Where Is NEAR Headed This Month? The daily chart highlights the formation of a declining channel pattern with the price hovering between the upper and lower boundary of the channel. For the Majority of August, NEAR Protocol's price hovered in a range bounded zone with $3.5 as support and $5 level as resistance. On the higher side, Near protocol has enough space till the psychological $7 level which is the upper boundary of the channel. However, it required a breakout above the psychological $5 level. The long term trend outlook is on the bearish side which may make it difficult for the bulls to overcome challenges on the higher side. Also, NEAR price hovers below all the key Exponential moving averages of 20, 50 and 200 days suggesting a weak trend outlook and more favorable condition for the sellers. On the lower side, if the price breaks below the $3.5 level it indicates a bearish continuation and may drag the price towards the $3 level. The RSI and 14 day SMA line were observed to be flat and hovering below the mean line indicating a neutral to bearish outlook in the short run.
CRYPTO:NEARUSDLong
by Ritika_TCR
Can NEAR Protocol Price Resume Its Rally Beyond $5 Level?Can NEAR Protocol Price Resume Its Rally Beyond $5 Level? Meta Description: Near Protocol price made a strong comeback and in the recent sessions rose nearly 24% a week Near Protocol price a strong comeback rising nearly 24% a week. The weighted sentiment curve surpassed the zero line and shifted to bullish territory. Near Protocol price made a strong comeback and in the recent sessions rose nearly 24% a week. At the time of writing, the NEAR was exchanging hands close to $4.97, recording a swift intraday loss of 1.8%. The recent sessions saw a strong momentum in tandem with the broader market recovery. The price kicked off from the levels of $3.5 level and reached a psychological $5 level. The long term trend outlook indicates a bearish control which adds the risk of selloff at the higher level. The recent price surge has driven NEAR price closer to the $5 level. However, the $5 level may act as a strong psychological level for the bulls to surpass. Also, the price has reached the 200 day EMA which may offer resistance to the crypto. Let's' analyze and try to figure out whether the NEAR may keep rising beyond the $5 level or turnaround after suffering rejection. Weighted Sentiments Curve Indicates Growth Potential Moreover, in tandem with the price rise, the analysts noted a significant development in the sentiment curve. The positive sentiment seemed to be dominating in the recent sessions indicating regained confidence of the investors. The rise in the positive sentiment curve helped the weighted total sentiment surpass the zero line and claim the bullish territory. Additionally, the community sentiment indicator on coinmarketcap.com indicates the bullish domination of nearly 74% where bears at 26%. The sentiment curve indicates the combined biasness of the traders and investors whether it is on the bullish side or bearish side at the moment. The current sentiment indicates that it is bullish at the moment. It has a live market capitalization of $5.52 Billion and ranks 17th in the crypto verse. The volume to market cap ratio at 4.6% suggests low volatility in the crypto. Can Near Protocol Continue To Edge Higher? The daily chart highlights the formation of a declining parallel channel pattern with the price taking a rebound from the lower boundary in the recent sessions. The long term trend seemed to be in a correction phase since Mid May maintained in the range. The short term trend outlook is bullish at the moment and may continue to prevail if it breaks above the recent hurdle of $5 level and 200 day EMA. On a successful breakout, Near protocol may look to retest the next supply of $6.44 level. However, if the bears make a comeback from the lower levels and the price slumps below the $4.7 level, then it may validate the domination of bears and the price may again look to retrace the support of $3.4 level. The technical indicators EMA and RSI indicate a trend continuation in the short term on a combined analysis. NEAR Protocol price surged nearly 24% in a week, reaching close to $4.97. Despite a 1.8% intraday loss, the price rise aligns with broader market recovery. Currently, the $5 level poses a psychological barrier for bulls. Moreover, the positive sentiment has increased, with 74% bullishness on CoinMarketCap. Furthermore, the daily chart shows a bullish short-term trend, but long-term correction persists. A breakout above $5 and the 200-day EMA could target $6.44, while a drop below $4.7 may lead to $3.4 support.
CRYPTO:NEARUSD
by Ritika_TCR
, the network gets multiplied by dividing theNEAR Protocol (NEAR) NEAR Protocol (NEAR) an L1 blockchain forged to offer an intriguing platform that's a scalable and developer-friendly environment for creating dApps. NEAR’s consensus mechanism known as Thresholded Proof-of-Stake (TPoS), and the architecture is called as Nightshade, that flourishes NEAR to process a high volume of transaction. It's unique property lies behind its protocol that utlizes a sharding method to skyrocket its performance. Precisely, the network gets multiplied by dividing the network into smaller networks known by the shards, which each handles a part of networks transaction simultaneously and the process known by Sharding. In 2024, the price had showed some good amount of gains on the first quarter, but by the second and half completed third quarter the deterioration was massive. Now, the price has made an attempt to bounce after reforming an support on its earlier demand zone. Where at press time, the price traded near $3.88, with market cap over $4 billion, precisely $4.305 Billion. In terms of market capitalisation it ranked 20th, and among the top 50 projects.
COINBASE:NEARUSDLong
by Yash_Jain_1309
Can NEAR Protocol (NEAR) Set A New ATH? The third in the list was NEAR; this crypto has aped more than 750% gains in the past from October 2023 lows near the $1 mark, where the $3 demand zone had played a key role earlier. During the current broader market dip, the NEAR price has slipped back to the same demand zone at $3, with a 36.98% fall over the past 7 days. The price slipped after a brief rally from $4.35, but bulls failed, leading to the slip. Therefore. the recent situation highlights that contingent on the buyer's interest, the NEAR could aim for $10 for a new ATH from the demand zone. Where the interruptions could show at $5.0 and $6.80, respectively.
COINBASE:NEARUSDLong
by Yash_Jain_1309
Decoding NEAR Technical Price Chart On Daily Time Frame? 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.
COINBASE:NEARUSDLong
by Yash_Jain_1309
1
Near Protocol Gains Strength: Is A Bullish Reversal On The HorizNear Protocol Gains Strength: Is A Bullish Reversal On The Horizon? NEAR reclaimed the top spot in the number of users among blockchains, boasting around 16.3M addresses in the last month. NEAR Protocol price surged nearly 15% in the recent sessions and reclaimed back the bullish territory above the 20 day EMA. NEAR protocol price gained traction and reclaimed back bullish territory above the 200 day Exponential moving average. The bulls awoke after the price crashed near the annual low and initiated a recovery. The broader market seemed to be still under pressure as Bitcoin and Ethereum were down nearly 1% in intraday today. The selling pressure in market leaders has also dragged the NEAR Protocol price lower by nearly 3% in intraday today. Moreover, the NEAR Protocol has reported an impressive rise in the number of users which might have factored the price recovery. Let's analyze combining all the available resources to reach a conclusion about where NEAR price could lead in the upcoming sessions. NEAR Protocol Reclaims Top Spot In The Number Of Active Users! A recent tweet by Planeta which reveals the number of users among the different blockchains. The tweet mentioned that the NEAR protocol reclaimed the top spot in the number of active addresses in thee last month. As per the tweet, the NEAR Protocol boasts at 16.3 Million addresses, beating other popular chains like Solana which had 14.6 Million active addresses and Polygon having 9.7 Million Active Addresses. Arbitrum claimed the fourth spot with 9.57 Million active addresses whereas Ethereum remained at 5th with 6.99 Million active addresses in the last month. Active addresses are a key metric, reflecting the count of users engaging in transactions within a timeframe. A greater number of active addresses suggests enhanced liquidity and attractiveness to investors, indicating a vibrant and engaged network. What's next For NEAR Protocol: Can It Recover Or Slump Again? Now, that some positive news is driving the NEAR Protocol price higher, on the other hand the weakness in the broader market is dragging the price down again lower in intraday. Currently, the price hovers at a critical zone that lacks a clear direction. Now, if the bulls dominate and defend the price above the previous day's low, then the price may show a bullish continuation. On the flip side, if the sellers dominate and drag the price below the 50% of the recent recovery, it may indicate a bearish continuation. At the time of writing, the RSI line and the 14 day SMA showcases a bullish crossover indicating the possibility of a bullish scenario ahead. However the RSI and 14 day SMA line needs to surpass the mean line to turn bullish in the short term. Conclusion. NEAR Protocol price has recently surged, moving above the 200-day EMA, signaling a bullish trend after a dip to yearly lows. Despite a general market downturn, NEAR's active user base has grown to 16.3 million, the highest among other blockchains, which has contributed to its price recovery. Currently, The price hovers at a pivotal point. Now, if the price is maintained above the previous day low value, a bullish trend may continue. Conversely, a drop below 50% of the recovery suggests a bearish trend. The RSI and 14-day SMA indicate a potential bullish outlook, but they must cross the mean line for confirmation. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. Keyword: Near Protocol Meta Description: NEAR Protocol price surged nearly 15% in the recent sessions and reclaimed back the bullish territory.
COINBASE:NEARUSDLong
by Ritika_TCR
Can NEAR Protocol Look For A Bullish Reversal Or Continue to PluCan NEAR Protocol Look For A Bullish Reversal Or Continue to Plunge? The Bulls Initiated a recovery after the NEAR price Slumped Below the key 200 day EMA. The daily NEAR/USD chart reveals the formation of an interesting bullish chart pattern. On a bullish note, the NEAR protocol could rise over 35% if the price surpasses the recent hurdle of $5.75. NEAR crypto price is looking for a firm footing at the lower levels in order to recover the recent losses. The bears dominated from the very 1st week of June and the price experienced a strong selling pressure falling back towards the 200 day and psychological $5 level. The weakness in the broader markets served as a fuel as the NEAR price dropped over 32% in the last couple of weeks. However, an interesting bullish pattern and neutral weighted sentiment points to a possible rise in the crypto. However, the selling pressure in the broader markets adds the risk of further decline in the price. NEAR stands out as the 17th largest cryptocurrency with a live market capitalization of $5.68 Billion. The intraday volume surged by over 160% to $493.8 Million a day. It has a circulating supply of 1.09 Billion NEAR tokens. The Weighted Sentiment Curve Illustrates Neutral Stance Currently, NEAR Protocol price is trying to stabilize near the dynamic 200 day exponential moving average after a sharp fall. Despite a strong downturn, The weighted sentiment curve seems to be hovering near zero indicating a neutral bias among the investors and community members. As per the data obtained by app.santiment.net the weighted sentiment curve shows frequent crossover of weighted sentiment curve with zero line indicating a neutral bias in the market. Now, if the sentiment curve surpasses the zero line it may indicate a positive bias and the NEAR crypto may show gains. The weighted sentiment curve serves as an aggregate indicator of investor and trader sentiment, reflecting the prevailing market mood. A positive weighted sentiment indicates a dominant bullish sentiment, while a negative one points to a bearish sentiment, influencing the market dynamics of the NEAR Protocol. Analysts Estimate A 35% Gain in NEAR, If Broader Market Recovers! The daily chart highlights the formation of a declining parallel channel pattern also known as a bullish flag pattern. The price currently seems to be taking a rebound from the lower boundary of the channel. On the higher side, if the bulls are able to surpass the recent hurdle of $5.6 level, it may unlock a 35% potential on the higher side towards the $8 level. However, it requires a swift recovery in the broader markets. On the contrary, if the broader market continues to weaken, it may also drag the NEAR price towards the lower demand zones. Conclusion. NEAR Protocol price is seeking stability after a bearish June, with a key support near the $5 mark. Moreover, despite a sharp fall in the recent sessions, the market sentiment is neutral, as indicated by the weighted sentiment curve. A positive shift in sentiment could lead to price gains. Moreover, The technical analysis suggests the formation of a bullish flag pattern, with a potential rebound from the pattern's lower edge. A breakthrough above $5.6 could lead to a 35% rise towards $8, contingent on broader market recovery. Conversely, a persistent bearish trend could push NEAR towards lower support zones.
CRYPTO:NEARUSD
by Ritika_TCR
Near Protocol (Near)Near Protocol (Near) NEAR Protocol makes use of Nightshade technology to significantly enhance the transaction processing capabilities. Nightshade is an advanced form of sharding where transactions are handled concurrently by different validator groups across several shard chains. Unlike other traditional sharding methods, Nightshade's shards contribute portions of a block, known as "chunks," which allows the assembly of a complete block. This innovative approach enables NEAR to process up to 100,000 transactions every second, allowing transactions almost instantly due to the rapid one-second block intervals. Moreover, this efficiency is achieved while maintaining transaction fees at an almost negligible level, making it a cost-effective solution. At the time of writing, Near protocol price was exchanging hands close to $5.57. The price is the culmination of over 133% in the last two quarters and 52.57% on a year to date basis. Although, it's still whopping 72.11% below its record high attained on January 17th 2022. Out of a total 1.19 Billion tokens 1.088 Billion NEAR tokens are currently in the circulation. It has a live market capitalization of 6.06 Billion USD ranking at 18th in the cryptoverse
COINBASE:NEARUSD
by Ritika_TCR
1
Mysterious Tweets Elevate Hack Rumors: NEAR Price in Jeopardy?Near Protocol faces hack suspicion after several enigmatic tweets, However, Nothing has been confirmed officially. The technical indicators imply a bullish perspective, suggesting that there may be potential for further price appreciation. Suspicions of a hack involving Near Protocol emerged after a series of mysterious tweets sparked discussions among social media users. The crypto community expressed surprise and concern over the potential breach of Near Protocol's Twitter account, yet no official confirmation has been made. Despite the swirling rumors of a hack, NEAR's cryptocurrency value seemed to remain resilient, surging by approximately 6.15% and ranking as one of the top performers during the market's broader recovery phase. Let’s delve into a more comprehensive analysis to understand the events that have transpired and assess the potential impact on NEAR's cryptocurrency value from various perspectives. Enigmatic Tweets By Near Protocol’s Official Account Grabs The Attention On May 9, it was suspected that the official X account of the NEAR Protocol public blockchain project had been compromised. Currently, its avatar on platform X has been changed to a completely black image, and its profile has been changed to "Dark" with confused characters. Wow, #NEARProtocol is going full satanic. t.co Marco Gallazzi (@ChartMind) May 9, 2024 Around 4 a.m., it posted four strange tweets with scrambled characters, namely "claim your sovereignty," "darkness," "take back your own," and "The sun rises in the east." At this time, NEAR's other official social channels have not provided any explanation. Near Protocol Price Prediction Amid Hacking Rumors The daily chart reveals an ascending triangle pattern, with the price consistently finding support along a positively sloping trendline. Presently, the price is trading close to the pattern's upper limit, priced at $7.20. Should the price break through the upper side, it could potentially lead to a 20% increase, reaching around $9, which aligns with the highs seen in March. However, this upward trend is contingent upon the price staying above the recent resistance level of $7.59. Conversely, if the price dips below the lower trendline, it could signal a halt to the upward momentum, potentially leading to a decrease towards the $6 mark as indicated on the charts. The technical indicators imply a positive outlook on a combined analysis as the price hovers above the key Exponential moving averages of 50 and 200 day. Conclusion. Amidst rumors of a hack based on cryptic tweets, Near Protocol's price remains robust, trading at $7.20 within an ascending triangle pattern. A breakout above could yield a 20% gain to $9, contingent on sustaining above $7.59 resistance. On the flip side, A dip below the trendline may reverse gains, targeting $6. Technical indicators remain positive, with prices above the 50 and 200-day Exponential Moving Averages, signaling potential growth despite market uncertainties and the unconfirmed security concerns.
CRYPTO:NEARUSDLong
by Ritika_TCR
Can NEAR Crypto Price Survive The Dip, Or Keep Plunging? At press time, the NEAR crypto was trading close to $5.62 reporting a positive intraday development of 3.70%. The technical indicators imply a neutral to bullish outlook in the short term. The NEAR crypto is consolidating at the support after slumping near the previous breakout zone. The buyers seem to be returning back and are gathering strength to resume on the higher side. The Near protocol crypto gained traction and is trying to stretch gains in Intraday. At the time of writing, the crypto was trading close to $5.62, recording a positive intraday development of 3.70%. The price hovers near the weekly highs and may show more gains if the price surpasses the weekly highs. The short term trend noted some sort of weakness since mid March and the price has dropped nearly 30% from the highs. Despites weakness in the short term trend, the bears failed to break below the previous breakout zone and round level of $5 level. Currently, the NEAR crypto is stuck between the 50 and 200 day EMA and shows indecisiveness in the trend at the moment. The sustenance near the previous breakout zone suggests a possible breakout above the 50 day EMA and a trend continuation towards the higher side. Positive Sentiments Are Rising, Can NEAR Show Gains The above chart depicts the positive, negative and weighted overall sentiment of the NEAR crypto. The weighted sentiment curve showcased a neutral sentiment which turned bearish in the mid March. The Near protocol price also noted a sharp fall on the charts. However, the weighted sentiment curve has improved from the negative zone and has reached near the mean line indicating the improved sentiment in the recent sessions. It suggests a possible shift towards a bullish trend in the crypto. NEAR Crypto: Development Activity Insights The development activity curve shows that the Near protocol crypto noticed a healthy development activity in the last couple of weeks. The development activity curve has formed a positive trajectory indicating the major updates and changes going on in the crypto. The current number of development activity was 40.38 and the number of development activity contributors count was 8 which is highest in the last six months. NEAR Crypto Forecast April 2024 On the most optimistic note, Near protocol crypto could gain to a high of $7.88 as the highest value in April if the bulls are able to surpass above the recent dynamic resistnce of 20 and 50 day. On the other hand, the most pessimistic prediction of our analysts is for the price to reach $4.04 if breaks below the recent support level of $5. Conclusion. NEAR crypto is stabilizing around $5.62 after a drop, hinting at a potential uptrend as it trades between the 50 and 200-day EMAs. The bears failed to break below the recent support and previous breakout zone of $5 indicating a potential buying in the upcoming sessions. Currently, the Near crypto is hovering above the 200 day EMA despite registering a 30% fall since mid-March. Also, a positive shift in weighted sentiment has been observed and a peak in development activity in six months suggest growing strength and possible bullish momentum ahead. Technical levels: Support levels: $5.22 and $4.29 Resistance levels: $7.53 and $8.9 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
BINANCE:NEARUSDLong
by Ritika_TCR