NEARUSD 1WNEAR ~ 1W
#NEAR Need to Maintain this Support Block for further upside.. Or Sustained decline will continue to pressure AMEX:NEAR price.
Nearprotocol
NEAR Protocol's Critical Moment and Ready for Bullish RallyYello! Have you been watching #NEARProtocol’s recent price action? This could be a pivotal moment and you don’t want to miss this!
💎#NEARUSDT has been moving within a descending resistance for quite some time. But recently, it broke through, making a notable upward move. Now, all eyes are on a critical retest of the $5.88 level.
💎#NEAR is currently retesting this key level. If it holds strong above the EMA, there's a high probability we'll see a bullish surge.
💎Should AMEX:NEAR maintain its position above $5.88, this level could transform into robust support, setting the stage for further upward momentum.
💎But what if it doesn't hold? If #NEAR fails to sustain above $5.88 and loses momentum, we’re eyeing a bullish rebound from the lower demand zone at $5.19. This level is packed with significant liquidity, making it a prime candidate for a strong bounce on a retest.
💎Holding above $5.19 and maintaining above the EMA is crucial. This scenario can trigger a powerful bullish move. If NEAR drops below $5.19, the bullish outlook is invalidated, likely leading to a significant price drop.
Stay sharp, Paradisers. In these volatile times, disciplined trading and robust strategies are more important than ever.
MyCryptoParadise
iFeel the success🌴
Near Protocol Trend BreakoutNear Protocol broke the upward trend and entered a negative mood. It also fell below the moving average. There is potential for a pullback to $4.66. Manage your risk well.
#NEAR/USDT Can this Altcoin hit $100?🚀 NEAR/USDT Trade Update🚀
NEAR is trading at an attractive price point.
It already broke out on 14th May and has been retesting for the last 2 weeks.
It is one of the few coins I will be holding with low leverage for the next few months.
- Entry: $7.462 add up to $6.15 if it gets there.
- Target: $30.201 to $100
- Stop Loss: $5.926
This altcoin can easily hit $100 by the end of this bull run! 🚀🌕
It is one of the strongest altcoins in AI and Big Data Narratives.
DYOR, NFA
Please hit the like button and share your views in the comment section.
#PEACE
Near Protocol: Bullish Breakout or Bearish Signal? Near Protocol: Bullish Breakout or Bearish Signal? A Potential 37% Downturn
Near Protocol (NEAR) has been a beacon of relative stability in the volatile cryptocurrency market of 2024. While other altcoins have plunged, NEAR has managed to hold its ground. However, a recent price movement has some analysts sounding the alarm, suggesting a potential 37% crash on the horizon.
Wedge Pattern and the Analyst's Call
In early May, NEAR formed a technical chart pattern known as a "wedge." This pattern is characterized by price fluctuations confined within a narrowing range, with trendlines converging towards a point. While breakouts from wedges can signal either bullish or bearish continuations, the specific characteristics of NEAR's breakout have a crypto analyst predicting a significant downturn.
The analyst argues that the way NEAR broke out of the wedge is a bearish indicator. They believe the price may experience a period of consolidation around its current level ($7.30 as of May 31, 2024) before an "impulsive" downward movement. This movement could initially see the price drop by 8% to $6.78, followed by further declines to $6.00 and a potential bottom around $4.60. If this scenario plays out, NEAR would experience a total decline of 37%.
Metrics Supporting the Downturn Theory
The analyst's prediction finds some support in recent developments surrounding NEAR's market metrics. After a strong start to 2024, NEAR has seen a decline in price over the past month. This price drop coincides with a notable decrease in daily trading volume, suggesting a potential weakening of investor interest.
While NEAR has outperformed many other altcoins, the overall bearish sentiment in the cryptocurrency market could also play a role in its future price movement. A broader market downturn could drag NEAR down even if its project fundamentals remain strong.
Understanding Wedge Patterns and Analyst Predictions
It's important to remember that technical analysis, including wedge patterns, is not an exact science. Past performance is not always indicative of future results. While the analyst's prediction offers a bearish perspective, it's just one voice in a crowded space.
Here are some additional factors to consider:
• Positive News and Developments: News about partnerships, project developments, or upcoming upgrades could trigger renewed investor interest and push the price upwards.
• Market Sentiment Shift: A broader shift in market sentiment towards optimism could buoy NEAR's price regardless of the technical indicators.
• Unforeseen Events: Unexpected events, both positive and negative, can significantly impact the cryptocurrency market.
Investor Takeaway: Research and Diversification
The potential for a 37% decline in NEAR price should be a wake-up call for investors. It underscores the inherent volatility of the cryptocurrency market. Investors should thoroughly research NEAR's project fundamentals, roadmap, and broader market outlook before making any investment decisions.
Diversification is also crucial. Spreading investments across various cryptocurrencies and asset classes can help mitigate risk.
Conclusion
Near Protocol's recent breakout from a wedge pattern has sparked debate among analysts. While some see a potential 37% crash on the horizon, others remain cautiously optimistic. Ultimately, the future price movement of NEAR will depend on a combination of technical factors, project developments, and broader market sentiment. Investors should carefully consider all available information before entering or exiting any NEAR positions.
NEARING A HEAD AND SHOULDER PATTERNIn this idea, I'll tackle the bullish pattern, inverse head and shoulders forming for $BINANCE:NEARUSDT. Currently, it is sitting on the neckline, and I've been monitoring this coin two days ago. I'm now lending this idea as it could have a potential for a breakout anytime soon. More details for the technical analysis for NEAR in my idea threads below. Stay tuned :)
NEAR 80% potential profit!NEAR has reached resistance and has an ascending local structure. Additionally, we see a huge volume from the bottom for buying. The chart looks very similar to PEPE (attached below). We can look for an entry point after confirmation above the resistance.
Near Good Long Opportunity Longed the retrace here at 7.250.
Pretty solid RR if holds here and make it a retest of the FIBs here.
Stopping if holds under or smash 7.100.
Holds and easy target of 9 and 10.
Note: Not a Financial advise.
Near Protocol NEAR Intraday Trade SetupThe chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
Near protocol NEAR price finished its correction?Today, we'll talk about the prospects for #NEARUSDT price movement
The last time we wrote a medium-term forecast for Near's price movement was 4 months ago.
The forecast was $3.70 ↘️$2.50 ️↗️ $10, and the current high was $9
Come on, admit it, who started selling AMEX:NEAR before the target ?)
When the correction began, we made an estimate of where it would be interesting to buy #Nearusd - $3.85 - $4.50.
The price has already squeezed there, and to be honest, we would not want to see NEAR below $4.
And if you look at the current chart of NEARUSDT on the 12-hour timeframe, you will see 5-6 "shadows" from the bottom, which means that the coin is being bought back.
Our medium-term targets for the Near protocol token price are $10 - $13 - $15.50 - and ATH = $20
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NEAR ProtocolNEAR Protocol is a cloud computing layer-one blockchain platform that provides useful features. It seems a big harmonic pattern has ended as price broke the downtrend line. Still, there are two lines that price needs to break upward in order for the uptrend to be confirmed. First is the minor downtrend line and second, and more important, is the horizontal line/area. Let's see what happens.
#NEAR looks promising for the long term!NEAR is forming this huge bull flag.
For the long term, this seems like a solid choice. Its strong tokenomics and competent team make it a promising asset. The chart indicates the potential for significant growth in the next few weeks.
It may drop to $4.3 support, which is a very strong support, but there is one more support at $5.
So consider adding more if it drops below $5 to $4.3.
Remember to do your own research.
NFA
#NEAR/USDT Short term Target!#NEAR for the long term seems like a solid choice.
Its strong tokenomics and competent team make it a promising asset.
The chart indicates the potential for significant growth in the next few weeks.
Don't be shocked to see it reach triple-digit prices when the real alt season hits!
In the short term, a trading price above $10 seems probable.
Consider adding more if it drops below $5.
Remember to Do Your Own Research.
NFA
NEARUSD 12HNEAR ~ 12H 📈
#NEAR On the 12H Time Frame, BINANCE:NEARUSDT Formed a Bull Flag Pattern. Bullish if #NEARUSD succeeds in breaking this resistance line with a full body candle. Minimum target 15%+
Wanna Double Again? -NEAR PROTOCOL- I recently Shared NearBTC and gave you some short term targets for Near.
In a few week Near will climb through 16 to 20.
According to Elliot waves theory, Near has finished its own corrective move.
It's time for a bull run now.
Targets specified on the chart before this post.
Main target 16.
Good Luck To Us All.
BUY NEAR NOW!!! THIS IS THE LOWEST IT WILL GET!FINALLY! After waiting for so long, It has finally reached the area of interest for higher prices! I full ported this in, holding for the long term!!! This is the one! It can possibly go lower, but the perfection in between the lines is absolutely insane! Looking for higher highs from here on!! Get ready for the Halving!
Near protocol Near usdt analysis
Daily time frame
We can see 2 bottom pattern so I guess 9 BME:IS my first target
Bace on extended fibonachy 13 BME:IS my second target
NEAR: on it's way to ATH?NEAR appears to be breaking out. A couple of zigzags are likely as NEAR manouvers through various FIBs but ATH is in sight!
Near Protocol (NEAR)/USD - Bullish Breakout!Coin Name: Near Protocol/USD (NEAR)
NEAR Protocol (NEAR) has successfully broken out from a: £Descending Channel" pattern on the 4-hour timeframe. This breakout, is typically considered a bullish signal! The pattern suggests a potential trend reversal from bearish to bullish.
If bulls can maintain heat a breakout to the upside to "$7.44" will happen very soon and likely retest the Resistance target zone at: "8.08"
Line of Support= $6.42🟢
Line of Resistance $7.44🔴
🌟Target= $8.08🎯
Major Resistance= $8.59❌
NEAR/USDT Potential Rally For a Breakout | 👀🚀NEAR Analysis 💎 Paradisers, all eyes on #NEARUSDT ! It’s tracing a path within a symmetrical triangle, bracing for a breakout that could set the stage for a bullish rally.
💎If #NearProtocol momentarily falters at the triangle’s edge, we anticipate the next rally from the $6.03 support line. This zone is a magnet for action, historically sparking impressive climbs with its vibrant trading activity.
💎This will be a critical juncture. If we slip below $6.03, brace for a dynamic rebound from the $5.09 frontier. A dip here might unleash market forces, but we’re ready to ride the wave.
💎Paradisers, stay poised and proactive as we navigate the unfolding epic of #NEAR’s market journey.
$NEAR Bullish OutlookNEAR is on the verge of a breakout on both the 1d and 4h chart.
The reason I’m bullish is as you can see on the chart, it has been testing the upper trend line of the Symmetrical Triangle formation repeatedly without shooting back down to support immediately which is a good sign of bullish buying.
I would wait for a breakout confirmation on the 4hr (1-3 candle closes above resistance line) and enter a long position no more than 5x (personal preference and risk tolerance)
DYOR/NFA
NEAR/BTC bullish ride? 👀 🚀 Near today analysis 💎 Paradisers, turn your attention to #NEARBTC! We've spotted a compelling trend as it positions itself within a demand zone, suggesting a bullish path could be on the horizon.
💎 #Nearprotocol is navigating an ascending channel and has notably breached a key resistance at $0.00007898. Currently, as the price edges closer to a demand level, maintaining its momentum could significantly increase the chances of a bullish advance towards and beyond the supply zone.
💎 Should the momentum for AMEX:NEAR begin to wane, we'll be looking to capitalize on a dynamic rebound from the crucial demand level at $0.00005848. Nonetheless, breaking below this pivotal point may hint at a shift towards a deeper bearish phase.
💎 Remember to employ strategic trading methods and implement proper stop-loss measures! Stay vigilant to market developments and await more insights
Is NEAR chasing a new ATH?Hello everyone!
The #NEAR cryptocurrency has already brought us good profits last year. I suggest you consider entering a trade at this point.
At the $6 level, we have a strong support zone that is clearly visible on the chart.
You can open a position from the current price levels, or you can also place another buy order around $6 just to be safe.
The main target is $12.48. You can also set sell orders at all the important Fibonacci levels:
$10.85
$9.43
$7.92
I believe that the asset may continue to move above these levels.
This is not financial advice, and all trading is done at your own risk!
Follow me to receive more trading ideas.
