NEAR Coin Price Technical Analysis: Is It Time to Buy?

Estimated read time 1 min read

The price of NEAR is currently trading at $1.65, up 2.02% on the day. The 24-hour trading volume is $48,330,755. The market capitalization is $6.6 billion

The NEAR price has been in a downtrend since reaching an all-time high of $20.44 in November 2021. The price has broken below the 200-day moving average and is currently trading at support levels.

The RSI is below 45, which indicates that the market is oversold. The MACD is also negative, which is another bearish indicator.

The nearest support level is at $1.50. If the price breaks below this level, the next support level is at $1.25.

The nearest resistance level is at $2.00. If the price breaks above this level, the next resistance level is at $2.50.

The overall technical outlook for NEAR is bearish. The price is in a downtrend and has broken below key support levels. However, the RSI is oversold and the MACD is negative, which could signal a potential reversal.

Here are some of the factors that could affect the price of NEAR in the near future:

  • The overall performance of the cryptocurrency market.
  • Any news or announcements from the NEAR team.
  • Regulatory changes.
  • Adoption by businesses and institutions.
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