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NEAR

NEAR ProtocolNear protocol has a lot of Bullish patterns, indicators. My take profits start with 45% to 100%. Inverted double H&S showcasing we should get a strong and a fast move up. What Is NEAR Protocol (NEAR)? NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.” NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.” Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.
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by Achilly
NEAR Protocol Price TargetWith the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market. Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies. As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm. This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days. My Price Target for NEAR Protocol is the next resistance, $3.40.
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by TopgOptions
NEARUSDT OPEN NEW CYCLE PEROID DEPENDING ON THIS STUDY $12Thanks for reading this update. NEARUSDT seems to open a new cycle trend, this cycle trend can give NEARUSDT an unexpected break. we see that some positions are confirmed for the trend. We did expect before in the same way the Cylc increase of BTC. know that Cycles entering with building positions, and we did scan some of them. Let's see how this will affect the price action soon. For the day trading time frames, we checking NEARUSDT for 18%+ trend Soon more updates. This will stay a prediction depending on our data, and not trading advice. This is our view, which means not that you should follow it. trade only depending on your plan. here will be soon updates, the same as BTC did get updates to 48K.
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by SatochiTrader
8
NEARUSDT.1DBased on the market data provided, NEAR is currently priced at 3.33 USDT. The relative strength index (RSI) for 4 hours, 1 day, and 7 days is 72.20, 66.30, and 65.38 respectively. This indicates that the currency is currently in the overbought territory, which can often signal a potential price reversal. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days is 0.087, 0.037, and 0.43 respectively. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The positive MACD indicates that the price is likely on an upward trend. The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days is 3.43, 3.410, and 4.144 respectively. The current price is lower than the upper band and higher than the lower band, indicating that it is moving within the range. The support levels for 4 hours are 3.098, 2.885, and 2.671 respectively. This indicates that these are the levels at which the price has historically been unable to fall below. Similarly, the resistance levels for the same period are 3.53, 3.86, and 4.070. These are the levels that the price has been unable to break through in the past. Based on the technical indicators, the NEAR currency seems to be on an upward trend, but it is currently overbought which might lead to a potential price reversal. However, please note that cryptocurrency investments carry a high level of risk and you should only invest money that you can afford to lose. It's also recommended to do your own research and consider your financial position before engaging in these transactions.
by MarsSignals
NEAR/USDT Analysis: Waiting for Support Levels Before BuyingDear traders, I would like to share a cautious yet optimistic analysis of the NEAR/USDT trading pair. Currently, we observe a favorable position, but patience is key to maximizing opportunities while minimizing risks. Current Situation: The NEAR/USDT market shows promising signs, but it's crucial to note that the price might encounter short-term resistances. However, the fundamentals of the NEAR Protocol continue to support growth potential. Recommended Strategy: It is advisable to wait for the price to touch identified support levels before initiating buying positions. This approach confirms the stability of support levels and reduces risks associated with potential market volatility. Key Support Levels: Identify key support levels based on technical analysis and relevant indicators. Buying when the price reaches these levels could provide an opportunity for a more attractive entry price. Patience to Minimize Risks: While the market may experience a slight initial decline, patience can be rewarding. Expect the market to stabilize after touching support levels, creating a stronger and less risky buying position. Conclusion: Overall, NEAR/USDT offers an interesting perspective, but it's essential to adopt a patient approach. By waiting for the price to touch support levels, traders can position their purchases more strategically, thereby minimizing potential risks. Remember, caution and risk management are crucial in any trading environment. Good luck to all! Note: This analysis is based on the information available at the current time and may be subject to changes depending on market developments.
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by CRYPTO_SETUP
NEAR/USDT watchout Bullish Breakthrough? 👀NEAR Analysis💎Paradisers, a prime trading opportunity is unfolding with #NEARUSDT as it challenges the descending channel's resistance, hinting at an upcoming bullish shift. 💎 Our analysis shows that #NEARPROTOCOL is initially eyeing the supply zone at $3.2014. This level is pivotal; a respect for this zone could trigger a retreat, offering us a chance to capitalize down to the lower demand at $2.5573, where a bullish resurgence is anticipated. Conversely, breaching above the $3.2014 supply could set the stage for an ascent towards the next supply zone at $3.7803. 💎 As prudent traders, we must also prepare for the scenario where #NEAR dips below the $2.5573 demand. Such a move could indicate further declines, so it's crucial to stay vigilant for potential price traps and ensure we're entering the market with a solid setup.
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by MyCryptoParadise
NEAR/USDT Eyeing for the Supply Zone? 👀🚀NEAR Analysis💎Paradisers, let's focus on #NEARUSDT, as the current trend is hinting at a potential strong bullish recovery from its critical support zone. 💎A review of #NearProtocol's recent market behavior shows a notable 45% decline after encountering resistance at a key supply level. Yet, it's displaying resilience around the support level of $2.46, indicating prospects for an upward trajectory. 💎Despite challenges in reaching new highs or surpassing previous peaks, leading to a temporary bearish outlook, the $2.46 mark remains pivotal. This level could potentially trigger a significant bullish surge upon retesting. 💎As proactive traders, we're always ready with an alternate plan. If #NEAR fails to hold at the $2.46 support and dips lower, we're prepared to anticipate a bullish rebound from the lower support at $2.07. However, bear in mind that a descent below this additional support will suggest a deeper bearish trend. 💎Stay flexible with your strategies and vigilant with the market, Paradisers. Your ParadiseTeam is continuously monitoring, and prepared to navigate you through these market movements.
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by MyCryptoParadise_Simon
NEAR | Converging VWAPS and Trendline | A Big Move Coming?BINANCE:NEARUSDT BINANCE:NEARUSD Hit the rocket! ---------------------------------------------------------------------------------------------------------------------------------------------------->>>>>>>> The oversold line (green) from the most recent high is converging with the overbought line (red) of the most recent relevant low. This also coincides with the trend line which coincides with the psychological price of $3 so expect the bulls and bears to fight a bit around $3 with the bulls eventually winning. Crypto is volitile and easily manipulated. Caveat emptor. Playing with colored lines on a chart is Not Financial Advice .
BINANCE:NEARUSDLong
by tradepsych
NEAR ($NEAR): Technical rebound in mid-termTrend is still bearish on daily and weekly chart, but at the same time we do not exclude an interesting technical rebound in mid-term. In this analysis we just wanted to share our view and how it could develop (Impulsive Structure), for more details on support and resistance levels, visit our Blog. With this in mind, from a technical point of view, AMEX:NEAR still remains under pressure, so we do not rule out a bearish consolidation before a price recovery. 🔴 TRADING STRATEGY The best strategy may be to accumulate long positions on weakness (by the dip) with small sizes. 🔴 RISK MANAGEMENT Use only the portion of assets willing to lose (1%/2%) Analysis by Anonymous Banker Team Like | Share | Comment
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by TheAnonymousBanker
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