- NEAR token price moves sideways in an accumulation range.
- The 50-day EMA rises higher and provides support to the coin price.
- 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 below the support level of $6.7 in the daily chart.
The coin price finds support near the 50-days EMA; however, the sudden fall in the coin price indicates a rise in underlying bearishness.
Presently, the NEAR Token price values at $7.69, with a -12.41% 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 20% in the past 24 hours, indicating a boom in the number of sellers.
NEAR Token Price Trends Lower
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 new coming resistance trendline.
The price action indicates that the coin price could face resistance shortly at $10 and $12.5. On the other hand, support is near $8 and $6.5 for the NEAR Token.
RSI signals a rise in underlying bullish as in the daily chart; RSI slope moves higher above the central line 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 makes a solid consolidation range in the daily chart. The breakout of this range will result in a boom on either side. Investors can wait patiently for this breakout and enter on the retest.
Support- $8 and $6.5
Resistance- $10 and $12.5