The price of Near Protocol (NEAR) showed bullish signs of going higher to a region of $6-$7, but the price was rejected back to its support area, where it has found high demand for its price. Bitcoin (BTC) and Ethereum (ETH) all saw a relief bounce from their monthly low, leading to altcoins like Near Protocol (NEAR) having a measure of relief bounce. (Data from Binance)<\/p>\n
Near Protocol (NEAR) Price Analysis On The Weekly Chart\u00a0<\/p>\n
The price of NEAR showed some great bullish strength after breaking above its weekly resistance of $4.7 and traded to a high of $5.9 before seeing a rejection back to its key support area.\u00a0<\/p>\n
NEAR\u2019s price has again shown bullish strength after closing the week, looking bearish on the weekly chart.<\/p>\n
The price of NEAR is currently trading below a key resistance on the weekly timeframe; NEAR needs to break this resistance with good volume to have a chance of trending higher to a region of $6 and possibly $7.<\/p>\n
Weekly resistance for the price of NEAR \u2013 $4.7,$6.<\/p>\n
Weekly support for the price of NEAR \u2013 $3.<\/p>\n
Price Analysis Of NEAR On The Daily (1D) Chart The price of NEAR found its daily low at $3.7, forming good support as the price bounced off the area. NEAR price has rallied to a region of $4.7, where it has been faced with resistance to breaking above for the price of NEAR to trend to higher heights.<\/p>\n Despite being rejected in recent times from the $6 mark, NEAR price has shown great bullish strength; the price of NEAR is trading at $4.3 below the daily 50-day and 200-day Exponential Moving Average (EMA).<\/p>\n The 50 and 200 EMA correspond to prices of $4.5 and $6.7, respectively, acting as resistances for the price of NEAR to trend higher. If the NEAR price breaks and holds above the $4.7 corresponding to the 50 EMA, we could see the price trending higher to a region of $7.<\/p>\n If NEAR price fails to break above its resistances, then prices would find more momentum at its support of $3.7 or even lower.<\/p>\n Daily (1D) resistance for the NEAR price \u2013 $4.7, $6.7.<\/p>\n Daily (1D) support for the NEAR price \u2013 $3.7, $3.<\/p>\n Price Analysis Of NEAR On The Four-Hourly (4H) Chart The price of NEAR on the 4H chart has continued to look bullish, trying to hold above the support area at $4.2. NEAR price currently trades above the 50 EMA on the 4H chart, with more buyers willing to push the price higher.<\/p>\n After forming a bullish divergence<\/a> on the 4H chart as the price was oversold, the NEAR price rallied to $4.4 after breaking above the 50 EMA and holding above it; the 50 EMA price corresponds to the support at $4.2.<\/p>\n The price of NEAR is faced with resistance on the 4H chart, preventing the price from breaking higher.<\/p>\n The Relative Strength Index (RSI) for NEAR on the 4H chart is above 70, indicating more buy order volume for the NEAR price.<\/p>\n Four-Hourly (4H) resistance for the NEAR price \u2013 $4.5.<\/p>\n Four-Hourly (4H) support for the NEAR price \u2013 $4.2, $4.<\/p>\n Featured Image From zipmex, Charts From TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n The price of Near Protocol (NEAR) showed bullish signs of going higher to a region of $6-$7, but the price was rejected back to its support area, where it has found high demand for its price. Bitcoin (BTC) and Ethereum (ETH) all saw a relief bounce from their monthly low, leading to altcoins like Near Protocol (NEAR) having a measure of relief bounce. (Data from Binance)<\/p>\n Near Protocol (NEAR) Price Analysis On The Weekly Chart\u00a0<\/p>\n The price of NEAR showed some great bullish strength after breaking above its weekly resistance of $4.7 and traded to a high of $5.9 before seeing a rejection back to its key support area.\u00a0<\/p>\n NEAR\u2019s price has again shown bullish strength after closing the week, looking bearish on the weekly chart.<\/p>\n The price of NEAR is currently trading below a key resistance on the weekly timeframe; NEAR needs to break this resistance with good volume to have a chance of trending higher to a region of $6 and possibly $7.<\/p>\n Weekly resistance for the price of NEAR \u2013 $4.7,$6.<\/p>\n Weekly support for the price of NEAR \u2013 $3.<\/p>\n Price Analysis Of NEAR On The Daily (1D) Chart The price of NEAR found its daily low at $3.7, forming good support as the price bounced off the area. NEAR price has rallied to a region of $4.7, where it has been faced with resistance to breaking above for the price of NEAR to trend to higher heights.<\/p>\n Despite being rejected in recent times from the $6 mark, NEAR price has shown great bullish strength; the price of NEAR is trading at $4.3 below the daily 50-day and 200-day Exponential Moving Average (EMA).<\/p>\n The 50 and 200 EMA correspond to prices of $4.5 and $6.7, respectively, acting as resistances for the price of NEAR to trend higher. If the NEAR price breaks and holds above the $4.7 corresponding to the 50 EMA, we could see the price trending higher to a region of $7.<\/p>\n If NEAR price fails to break above its resistances, then prices would find more momentum at its support of $3.7 or even lower.<\/p>\n Daily (1D) resistance for the NEAR price \u2013 $4.7, $6.7.<\/p>\n Daily (1D) support for the NEAR price \u2013 $3.7, $3.<\/p>\n Price Analysis Of NEAR On The Four-Hourly (4H) Chart The price of NEAR on the 4H chart has continued to look bullish, trying to hold above the support area at $4.2. NEAR price currently trades above the 50 EMA on the 4H chart, with more buyers willing to push the price higher.<\/p>\n
\nDaily NEAR Price Chart | Source: NEARUSDT On Tradingview.com<\/a><\/p>\n
\nFour-Hourly NEAR Price Chart | Source: NEARUSDT On Tradingview.com<\/a><\/p>\n
\nDaily NEAR Price Chart | Source: NEARUSDT On Tradingview.com<\/a><\/p>\n
\nFour-Hourly NEAR Price Chart | Source: NEARUSDT On Tradingview.com<\/a><\/p>\n