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NEAR / USD Tether

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NEARUSDT trade ideas

NEAR May Resume The Downtrend AgainNEAR May Resume The Downtrend Again Price is moving in a bearish trend for a long time. After NEAR completed a bearish it looks like it can resume the bearish trend again as a minimum in the short term. The price may stop near our targets but can also move down further. The first resistance zone is expected near 4.9 and the second zone is 4.6 Let's see how the price develops during the coming days. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
3
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
NEAR Flashes Bullish Signal — 15% Profit PotentialNEAR was one of the crypto tokens that performed extraordinarily well during yesterday's dip in Bitcoin. As mentioned in today's live session, you want to trade exactly those tokens. So, what do we have here 👇 NEAR flashed a bullish MACD crossover on the daily chart. Remember, the higher the timeframe, the more accurate the signals. This one has solid backtest values. Historically, the probability of achieving 5% gains was almost 88%. However, based on support and resistance, this signal's profit potential is calculated at 14.7% (~6.15). A proper strategy sets a first target at 5% and a second at $6.15. Happy trading!
Long
by ben_walther
1
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
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