- NEAR token price rose about 300% in the past month with the increasing bullish demand.
- The trading volume of 6.1M is above the 1.3M of 20-days volume MA, indicating a rise in bullish pressure.
- The NEAR/BTC is trading at 0.00021608 BTC, facing an intraday fall of -2.1%.
NEAR token price has formed a bullish engulfing candlestick after finding demand upon the breakout of the $6 mark. Thus, the coin price has managed to rise more than 60% in the past 72 hours by steadily moving up.
The coin price is trading significantly higher than the 20-days EMA while all the other EMAs are rising in the daily chart with a bullish alignment.
Presently, the NEAR Token price values at $10.22, with a +2.10% market cap gain within the past 24 hours as the price jumps higher.
The intraday trading volume of the coin has fallen about 36% in the past 24 hours, indicating a shortage in the number of buyers.
NEAR Token Price Continues Higher High Formations
NEAR Token price has been moving higher, projecting a solid uptrend thanks to the demand met near the $6 breakout. Additionally, the increased buying volumes indicate the strong possibility of a continued bullish rally.
The price action indicates that the coin price could face resistance shortly at $11.5 and $14. On the other hand, support is near $9 for the NEAR Token.
RSI signals a rise in underlying bullish as the RSI slope moves higher towards the overbought zone and spikes up from the neutral zone.
The ADX is indicative of a growing trend since the ADX line is moving higher.
Conclusion: The NEAR token’s price has shown impressive growth after the enormous demand found near the $6 mark. Moreover, the coin’s price is not yet above the resistance level of $11.5 that can be an entry spot upon retest.
Support- $9 and $7.5
Resistance- $11.5 and $14