- NEAR token price has risen more than 150% in the past month.
- The 50-day EMA rises higher that may briefly give a golden bullish crossover.
- The token pair of NEAR/BTC is trading at 0.00009549 BTC, facing an intraday gain of +15.50%.
NEAR token price moves sideways within a consolidation range after failing to break above the double bottom pattern formed in the daily chart.
The coin price finds support near the 20-days EMA; however, the recent bearish candlestick increases the chances of retracement to the 50-days EMA.
Presently, the NEAR Token price values at $8.07, with a -16.92% market cap fall within the past 24 hours as the price makes bearish engulfing candlestick.
The intraday trading volume of the coin has managed to rise about 89% in the past 24 hours, indicating a boom in the number of sellers.
NEAR Token Price Moves Within Consolidation
NEAR Token price has been moving lower, projecting a solid bearish attack evident by the downfall in the past 24 hours, thanks to the supply met near the accumulation zone’s resistance level.
The price action indicates that the coin price could face resistance shortly at $10 and $11.5. On the other hand, support is near $8 and $6.5 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 price has shown an increased possibility of a bearish breakout of the accumulation zone. Investors may find a bearish entry spot upon the range breakout.
Support- $8 and $6.5
Resistance- $10 and $11.5