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NEAR

NEAR/USDT: ACCUMULATE HERE FOR 2X PROFIT!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. NEAR looks good here. It is trying to form an Adam&Eve-like structure in the daily time frame. As you see in the chart, it is holding the previous support range very well and bouncing from there. I'm expecting a good pump from here. Entry range:- $4.5-$5.5 Taregts:- $6.7/$8.2/9.4/$12 Invalidation:- Daily close below $4.4 What are your thoughts on NEAR's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
Technical Analysis for NEAR-USDT ChartToday’s analysis focuses on the NEAR/USDT daily chart, highlighting key technical levels and patterns that indicate the current market sentiment and potential future price movements. The chart illustrates a significant bearish trend with the price currently testing a critical support level. This analysis aims to provide traders with actionable insights to navigate the market effectively. NEAR is trading on the support zone and trying to break the EMA 200. When the price reached the resistance zone (Blue) at $8.444 – $9.010, we saw a correction in the market. The decreasing volume during this pullback indicates the bullish trend could still have potential. Several key technical elements and zones are marked, providing a comprehensive view of the market’s structure and potential future movements. Current Price: $5.330 Volume: 8.163M Key Support and Resistance Levels Immediate Support: $5.197 This level has historically acted as a strong support, providing a cushion against further declines. Traders often watch this level for potential buying opportunities if it holds. Next Major Support Zone (Pink): $4.477 – $4.683 This level has served as a crucial support and resistance historically. Recently the price tested this zone and bounced from there. A fall to this level could indicate a deeper correction and increased selling pressure. Holding above this support might attract buyers looking for a reversal. Trend Line This trend line has formed from mid-December 2023 This trend line has been tested 4 times, whenever the price falls on it we see a massive bounce. Recently the price has tested this trend line and there is hope we can see massive price movement. A fall to this trend line could indicate a deeper correction and increased selling pressure. Support Level $3.724 Historically many times the price takes bounce from this level. A fall to this level could indicate a deeper correction and increased selling pressure. Holding above this support might attract buyers looking for a reversal. Strong Support Zone (Yellow): $2.487 – $2.736 This is a long-term support level that has proven to be a robust base in the past. A drop to this zone might indicate a severe bearish trend but could also present a strong buying opportunity for long-term investors. The price-finding stability here would be critical for the overall bullish outlook. Immediate Resistance Zone (Green): $5.762 – $6.182 This zone is the nearest overhead resistance, where sellers have previously emerged to cap price rallies. Breaking above this resistance could signal the start of a new bullish phase and attract more buying interest. Traders look for volume confirmation on a breakout to validate the strength of the move. Key Resistance Zone (Blue): $8.444 – $9.010 This resistance zone represents a significant barrier where previous price action has encountered selling pressure. Successfully moving above this range could lead to substantial upward momentum, potentially targeting higher levels. The area between $8.444 and $9.010 acts as a critical test for the strength of any bullish trends. Moving Averages The 200-day EMA is highlighted in the chart and is currently acting as a dynamic resistance level. NEAR is trading just below this EMA, which often signifies a critical juncture for the price direction. This level is crucial and acts as a strong resistance. Trend Analysis The ongoing downtrend suggests a bearish market sentiment. The price is currently consolidating on its support level of $5.197. A break below this support could lead to a deeper correction. Volume Analysis Currently at the time of writing the trading volume is at 8.163M, indicating a lack of strong buying interest at the current levels. A significant increase in volume would be necessary to confirm any potential reversal or breakout. Potential Scenarios Bullish Scenario If NEAR holds above the $5.197 support and breaks through the green zone resistance at $5.762 – $6.182, it could signal a potential bullish reversal, targeting the blue zone at the $8.444 – $9.010 resistance zone. An increase in buying volume could indicate stronger bullish momentum, potentially pushing the price back to the $9.010 high. Bearish Scenario If NEAR falls from this $5.197 support and fails to hold on support zone in pink and the trend line, it could lead to a deeper correction towards the $3.724 support level. Sustained low volume and bearish sentiment could keep the price suppressed, with the potential to test lower support levels. If the price did not hold the $3.724 support level we might see the cloud retest the last zone marked in yellow at $2.487 – $2.736. Technical Indicators Based on technical indicators on a daily time frame The relative Strength Index (RSI) value is at 40.634 (Neutral) Momentum (10) is at -0.136 signaling a (Buy) MACD Level (12, 26) is at -0.525 signaling (Sell) Exponential Moving Average (50): 6.396 (Sell) Exponential Moving Average (100): 6.264 (Sell) Simple Moving Average (100): 6.784 (Sell) Exponential Moving Average (200): 5.369 (Buy) Ichimoku Base Line (9, 26, 52, 26): 6.075 (Neutral) Volume Weighted Moving Average (20): 5.686 (Sell) Hull Moving Average (9): 5.339 (Buy) Interpretation The NEAR/USDT analysis indicates a bearish sentiment driven largely by the Moving Averages. Although the oscillators are mostly neutral, the significant number of “Sell” signals from the Moving Averages suggests caution for traders. Bearish Indicators: The majority of the moving averages are signaling a sell, which indicates that NEAR might be experiencing downward momentum in the short to medium term. Neutral Oscillators: Most oscillators are neutral, showing no strong buying or selling pressure at the moment. Potential Bullish Signs: A few moving averages and the momentum indicator are showing buy signals, suggesting there could be some bullish potential if market conditions improve. Conclusion NEAR Protocol (NEAR) is at a pivotal moment. The support at $5.197, the 200-day EMA, and the trend line are critical levels to watch. The market sentiment appears cautious, with bearish pressure visible in the near-term forecast. However, if crucial resistance levels are breached, a positive reversal could occur. To successfully navigate the current period of increased volatility, traders must remain careful, use appropriate risk management strategies, and stay up to date on market trends. Investment Outlook Given the current market conditions, NEAR presents both opportunities and risks. The identified key levels should guide investors in making informed decisions. Caution is advised until a clear trend is established.
by TheCryptoCity
3
NEARUSDT.1DIn this technical analysis of the NEAR/USDT daily chart, we will dissect the price movements, scrutinize the critical support and resistance levels, and delve into the insights offered by the MACD and RSI indicators. Key Observations: Current Price and Movement: NEAR/USDT is trading at $5.197, showing a decrease of 3.87% today. This movement suggests some bearish pressure. Support and Resistance Levels: R1 (Resistance Level 1): $5.849 - This level presents the immediate ceiling that needs to be breached for bullish momentum. S1 (Support Level 1): $4.253 - This is a critical support level, below which the price could see further declines. S2 (Support Level 2): Not specified, but would be the next support level if S1 fails to hold. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, indicating a bearish momentum. The separation between the lines is not extensive, suggesting that the bearish momentum is present but not overwhelmingly strong. RSI (Relative Strength Index): The RSI is at 33.28, nearing the oversold territory. This could imply that NEAR is potentially undervalued, and there might be a buying opportunity if the market sentiment shifts. Analysis and Conclusion: The current price action of NEAR/USDT indicates a bearish trend, as reflected by today’s price decline and the position of the MACD. The price is currently hovering above the support level at $4.253, which is crucial for preventing further declines. If this support holds, it could stabilize the price and potentially allow for a recovery towards R1 at $5.849. Given the RSI’s proximity to oversold conditions, there is a possibility of a reversal or at least some stabilization if the support at $4.253 remains intact. Traders should watch this level closely for signs of a rebound or further breakdown. Should the price break below $4.253, it would be prudent to watch for the next levels of support (like S2) and reassess the bearish momentum. Conversely, a bounce from this support could be seen as a bullish sign, particularly if accompanied by a bullish crossover in the MACD and an RSI that moves back above 35-40. In summary, the market conditions for NEAR/USDT suggest caution with a preparedness to act on potential shifts indicated by the technical levels and indicators. Monitoring the response at $4.253 will be critical in determining the short-term direction of the market. As always, traders should employ risk management strategies to protect their positions, particularly in such a volatile market environment.
Long
by MarsSignals
1
NEAR - A simple tradeBINANCE:NEARUSDT (1D CHART) Technical Analysis Update NEAR is currently trading at $5.3 and price is bouncing back from the support line, price is expected to continue in the same trajectory, however lets keep the stoploss below the support zone. Entry level: $ 4.8 - 5.3 Stop Loss Level: $ 4.1 TakeProfit 1: $ 5.965 TakeProfit 2: $ 6.995 TakeProfit 3: $ 8.425 Max Leverage: 3x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
Navigating NEAR: Strategic Moves in a Bearish Market🔍 Let's dive into the NEAR project. NEAR Protocol is designed to be a high-performance, scalable, and user-friendly blockchain platform. It aims to empower developers and users by offering a decentralized, developer-friendly environment. This platform is well-regarded for its ease of use and scalability, making it a strong contender in the blockchain space. 📉 As observed on the chart, NEAR has experienced a sharp decline and recently broke through the significant support level at 5.163. This decline was marked by a substantial increase in volume, suggesting a strong bearish momentum. ⚠️ The RSI is currently at 30.44, indicating that NEAR is in the oversold territory. This suggests that while a short-term bounce is possible, the overall bearish trend remains dominant. The red candle with high volume might indicate a sell-off. 🔻 For a short position, the next critical level to watch is 4.5. If the price breaks below this support level with increasing sell volume, it would confirm the continuation of the bearish trend. A short position could be initiated at this point, with a stop-loss order placed above the recent high around 5.163 to manage risk. 📉 The target for the short position would be the next major support level around 2.733. Monitoring volume is crucial; if sell volume continues to rise, it reinforces the bearish outlook. 📈 A long position should be considered only after the market shows signs of forming a new structure. Given the current bearish trend, it's prudent to wait for a clear reversal signal. A potential long entry could be considered if NEAR breaks above the key resistance level at 8.507 on the daily timeframe, confirmed by increasing buy volume. 🛠️ Patience is key here. Wait for the price to build a solid market structure and break above the mentioned resistance before considering a long position. Setting a stop-loss order below the recent low would be a prudent risk management strategy. 📝 In conclusion, NEAR is currently exhibiting strong bearish signals. For short positions, wait for a break below 4.5 with high sell volume. For long positions, patience is essential until a clear reversal and market structure form, with a potential entry on a break above 8.507. Always monitor RSI and volume indicators closely to confirm momentum shifts and manage risk appropriately in volatile market conditions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
NEARUSDT.1DIn this technical analysis of the NEAR/USDT chart, we take a detailed look at the price movements and key indicators to forecast potential future trends. Key Observations: Current Price and Movement: NEAR is currently priced at $4.638, having suffered a significant daily loss of 10.24%. Support and Resistance Levels: R1 (Resistance Level 1): $5.849 - This level marks the immediate upward target if the price recovers. R2 (Resistance Level 2): Higher resistance levels are not shown but would be the next focal point if R1 is breached. S1 (Support Level 1): $4.253 - This is a critical support level that may prevent further price decline. S2 (Support Level 2): Lower than S1, this level could serve as a further buffer against additional losses. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, indicating bearish momentum. RSI (Relative Strength Index): The RSI is at 24.47, significantly undershooting the neutral 50 mark, suggesting strong bearish momentum and potential oversold conditions. Analysis and Conclusion: The NEAR/USDT trading pair is currently in a bearish phase, as evidenced by the recent sharp decline in price and the bearish indicators from both MACD and RSI. The RSI's position suggests that the asset may be approaching oversold territory, which could potentially lead to a short-term rebound if buyers perceive it as an entry point. The key level to watch in the short term is S1 at $4.253. If this level holds, it could stabilize the price, allowing for potential recovery toward R1 at $5.849. However, a break below S1 could intensify selling pressure, pushing the price towards S2, which would need to be closely monitored for further declines. In summary, NEAR/USDT is at a critical juncture, with current indicators pointing towards continued bearishness but with potential for a reversal if support levels hold strong. Traders should keep an eye on the aforementioned support and resistance levels, and consider the oversold conditions as a possible catalyst for a bounce back. As always, it's crucial to consider external market factors and updates within the NEAR ecosystem which could influence price movements. Proper risk management and real-time monitoring remain essential for navigating this volatile market.
Long
by MarsSignals
1
NEARBTC.1DIn this professional analysis of the NEAR/BTC daily chart on Binance, we explore the technical indicators and market structure to anticipate potential future movements in the NEAR against Bitcoin pairing. Price Action and Support/Resistance Levels The chart shows NEAR/BTC currently trading at 0.0008449 BTC, indicating a decrease of about 4.78%. Notable support (S2) and resistance (R2) levels are identified as 0.0005800 BTC and 0.0012935 BTC, respectively. These levels help highlight potential barriers or turnaround points in the price trajectory. Technical Indicators MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and both are trending downward, which is evident from the negative histogram values. This setup typically indicates increasing bearish momentum, suggesting that the price may continue to decline unless a reversal signal is observed. Market Structure The chart illustrates a descending triangle pattern, characterized by a horizontal support line at around 0.0005800 BTC and a series of lower highs forming a descending trendline (R1). This pattern often signifies a continuation of the existing downtrend, particularly if the price breaches the support level. Conclusion Given the bearish signals from the MACD and the formation of a descending triangle pattern, the outlook for NEAR/BTC appears bearish in the near term. The key level to watch is the support at 0.0005800 BTC. A break below this level could intensify selling pressure, potentially leading to further declines. Conversely, a reversal from this support could lead to a retest of higher resistance levels. Traders should maintain vigilance for any signs of a trend reversal and adjust their positions accordingly, using appropriate risk management strategies such as stop-loss orders to protect against unforeseen market movements.
by MarsSignals
NEAR Protocol's Critical Moment and Ready for Bullish RallyYello! Have you been watching #NEARProtocol’s recent price action? This could be a pivotal moment and you don’t want to miss this! 💎#NEARUSDT has been moving within a descending resistance for quite some time. But recently, it broke through, making a notable upward move. Now, all eyes are on a critical retest of the $5.88 level. 💎#NEAR is currently retesting this key level. If it holds strong above the EMA, there's a high probability we'll see a bullish surge. 💎Should AMEX:NEAR maintain its position above $5.88, this level could transform into robust support, setting the stage for further upward momentum. 💎But what if it doesn't hold? If #NEAR fails to sustain above $5.88 and loses momentum, we’re eyeing a bullish rebound from the lower demand zone at $5.19. This level is packed with significant liquidity, making it a prime candidate for a strong bounce on a retest. 💎Holding above $5.19 and maintaining above the EMA is crucial. This scenario can trigger a powerful bullish move. If NEAR drops below $5.19, the bullish outlook is invalidated, likely leading to a significant price drop. Stay sharp, Paradisers. In these volatile times, disciplined trading and robust strategies are more important than ever. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
NEARUSDT.4HThe NEAR/USDT 4-hour chart shows a volatile market environment, with the price recently experiencing a significant drop and now attempting to stabilize. The current price action is hovering near the S1 support level at $5.73, which appears to be a crucial point for the market's short-term direction. Looking at the MACD, there is a slight convergence with the signal line, which could indicate a potential reversal or stabilization in bearish momentum. However, the histogram remains negative, suggesting that the bearish sentiment is still present, albeit potentially weakening. The Relative Strength Index (RSI) is near 30, which is typically considered an oversold territory. This could hint at a potential rebound if buyers start to see value at these levels, leading to increased buying pressure. Given this technical setup, if the price maintains above the S1 support level, there could be an opportunity for a bounce back towards the R1 resistance level at $7.81. This movement would be critical to watch as a sustained break above R1 could signal a stronger recovery towards R2 at $8.53. Conversely, a break below S1 might lead to further declines, intensifying the bearish outlook. Traders should closely monitor the $5.73 level for signs of either consolidation or a breakdown, which would set the tone for the next significant price move.
by MarsSignals
NEAR BULLISH 80%Near Protocol seems to have found solid support within a favorable range. With this accumulation phase, the stage appears set for a significant bullish movement. Anticipating a substantial surge, I foresee the potential for a considerable uptick ranging between 80% to 115%, translating to an impressive valuation between $13.10 to $15.70 USD. However, as always, it's crucial to conduct your own research (DYOR) and make informed decisions. Keep a keen eye on the market dynamics and Near's performance for timely actions.
Long
by Enes_Ibraimi
3
NEAR can ascend further !Hi. BINANCE:NEARUSDT 😊Today, I want to analyze NEAR for you in a WEEKLY time frame so that we can have a Mid-term view of NEAR regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). NEAR is testing the s/r zone on weekly timeframe🤔 ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
#NEAR/USDT Can this Altcoin hit $100?🚀 NEAR/USDT Trade Update🚀 NEAR is trading at an attractive price point. It already broke out on 14th May and has been retesting for the last 2 weeks. It is one of the few coins I will be holding with low leverage for the next few months. - Entry: $7.462 add up to $6.15 if it gets there. - Target: $30.201 to $100 - Stop Loss: $5.926 This altcoin can easily hit $100 by the end of this bull run! 🚀🌕 It is one of the strongest altcoins in AI and Big Data Narratives. DYOR, NFA Please hit the like button and share your views in the comment section. #PEACE
by Cryptorphic
8
NEAR buy setupConsidering the bullish price structure in the big time frames, it seems that NEAR will go up again by meeting the specified demand. From the previous SW H, it can be counted as the first target Closing a daily candle above the invalidation level will violate this analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
Near Protocol: Bullish Breakout or Bearish Signal? Near Protocol: Bullish Breakout or Bearish Signal? A Potential 37% Downturn Near Protocol (NEAR) has been a beacon of relative stability in the volatile cryptocurrency market of 2024. While other altcoins have plunged, NEAR has managed to hold its ground. However, a recent price movement has some analysts sounding the alarm, suggesting a potential 37% crash on the horizon. Wedge Pattern and the Analyst's Call In early May, NEAR formed a technical chart pattern known as a "wedge." This pattern is characterized by price fluctuations confined within a narrowing range, with trendlines converging towards a point. While breakouts from wedges can signal either bullish or bearish continuations, the specific characteristics of NEAR's breakout have a crypto analyst predicting a significant downturn. The analyst argues that the way NEAR broke out of the wedge is a bearish indicator. They believe the price may experience a period of consolidation around its current level ($7.30 as of May 31, 2024) before an "impulsive" downward movement. This movement could initially see the price drop by 8% to $6.78, followed by further declines to $6.00 and a potential bottom around $4.60. If this scenario plays out, NEAR would experience a total decline of 37%. Metrics Supporting the Downturn Theory The analyst's prediction finds some support in recent developments surrounding NEAR's market metrics. After a strong start to 2024, NEAR has seen a decline in price over the past month. This price drop coincides with a notable decrease in daily trading volume, suggesting a potential weakening of investor interest. While NEAR has outperformed many other altcoins, the overall bearish sentiment in the cryptocurrency market could also play a role in its future price movement. A broader market downturn could drag NEAR down even if its project fundamentals remain strong. Understanding Wedge Patterns and Analyst Predictions It's important to remember that technical analysis, including wedge patterns, is not an exact science. Past performance is not always indicative of future results. While the analyst's prediction offers a bearish perspective, it's just one voice in a crowded space. Here are some additional factors to consider: • Positive News and Developments: News about partnerships, project developments, or upcoming upgrades could trigger renewed investor interest and push the price upwards. • Market Sentiment Shift: A broader shift in market sentiment towards optimism could buoy NEAR's price regardless of the technical indicators. • Unforeseen Events: Unexpected events, both positive and negative, can significantly impact the cryptocurrency market. Investor Takeaway: Research and Diversification The potential for a 37% decline in NEAR price should be a wake-up call for investors. It underscores the inherent volatility of the cryptocurrency market. Investors should thoroughly research NEAR's project fundamentals, roadmap, and broader market outlook before making any investment decisions. Diversification is also crucial. Spreading investments across various cryptocurrencies and asset classes can help mitigate risk. Conclusion Near Protocol's recent breakout from a wedge pattern has sparked debate among analysts. While some see a potential 37% crash on the horizon, others remain cautiously optimistic. Ultimately, the future price movement of NEAR will depend on a combination of technical factors, project developments, and broader market sentiment. Investors should carefully consider all available information before entering or exiting any NEAR positions.
Short
by bryandowningqln
1
near → at least 50% profithello guys... as you can see, BINANCE:NEARUSDT is on an ascending channel! on the other hand, it made a double head and shoulders pattern and broke the neckline! you can enter when the retracement happens and put your target on 10.84$. so you can get at least 50% profit! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
12