NEAR price is making a bullish W pattern on the daily timeframe. The price of Near has been facing severe resistance from the 200 EMA and all the key faster-moving 20,50,100 averages are trading below it. Presently, the buyers are attempting a breakout of the bear’s hold. It may require a substantial effort from the buyer’s side in order to make a positive breakout above its previous resistance level.
Analyzing the historical price action, it can be estimated that the investors have been respecting the W pattern frequently which strengthens the probability of a bullish recovery.
A Spike in Negative Sentiments
Investors are projecting an increase in negative sentiments toward the buyers regarding the Near Token. Total bearish sentiment metrics provided by LunarCrush saw a decline of 22.84% whereas Total Social Media volume fell by 16.04% within the past week as per the metrics provided by LunarCrush.
The majority of parameters in the LunarCrush platform are exhibiting a negative decline in the metrics. This suggests that the buyers are not very optimistic regarding the token at present.
Techninė analizė (1 dienos laikotarpis)
NEAR price is making a double bottom pattern near the support zone on the daily timeframe. At present, the support level for the NEAR token is around $1.500 whereas the current resistance point for the price of NEAR is near $1.600 and its critical resistance is at $2.000.
The RSI line has been trading below the median line near the oversold level for the past few weeks and failed to breach above 14 SMA. The RSI line is making lower highs and lower lows. Since last November, it is taking a retest from 14 SMA. The value of the RSI line as of now is 44.98 points, while the 14 SMA is making a barrier at 39.35 points.
The Stochastic RSI is trending near the overbought level of around 35.80 points. The %K line indicates that it may soon give a negative cross down to the %D line.
Išvada
According to the analysis, the oscillators stochastic RSI and RSI are presently trading against each other. NEAR price is making a W pattern which hints at a bullish reversal from the current level.
Techniniai lygiai –
Parama -$1.400
Atsparumas - $2.000
Atsakomybės neigimas
Autoriaus ar bet kurių šiame straipsnyje įvardytų žmonių išsakytos pažiūros ir nuomonės yra tik informacinio pobūdžio ir nėra finansinės, investicinės ar kitos konsultacijos. Investuojant į kriptovaliutų turtą arba juo prekiaujant kyla finansinių nuostolių rizika.
Nancy J. Allen yra kriptovaliutų entuziastė ir mano, kad kriptovaliutos įkvepia žmones būti savo bankais ir nutolti nuo tradicinių pinigų keitimo sistemų. Ją taip pat domina „blockchain“ technologija ir jos veikimas.
Source: https://www.thecoinrepublic.com/2023/05/30/near-price-prediction-near-price-making-a-double-bottom/