- NEAR Token price action resonates within a triangle pattern in the daily chart.
- The trading volume has grown 60% in the past day as it stands at $222 Million.
- The pair of NEAR/BTC is trading at 0.0001272 BTC with an intraday fall of -2.00%.
NEAR Token price action suggests the formation of a symmetrical triangular pattern on the daily chart. The recent price jump indicates that a bullish breakout is possible. The increase in intraday trading volume is another sign of the rising buying pressure.
NEAR Token trades for $8.48 and has experienced a 5.53% rise in market capitalization within 24 hours. In addition, the intraday trading volume increased by 60% over the last day, which indicates that buyers are growing.
NEAR Token in the 4-Hour chart.
The NEAR token price action in the 4-hour chart shows a dramatic bullish outgrowth. Moreover, the price breaks above the crucial resistance zone near the $8 mark.
Pivot points analysis has shown that the resistance levels of the token are at $9.1, following $10.5. If the price drops below $6.5, sellers could face resistance at $7.75
This 4-hour chart shows that NEAR tokens are more expensive than any other EMAs.. These EMAs might act as support and will also help keep underlying bullishness strong.
The RSI indicator predicts a greater underlying bearishness when the slope exceeds 50%.
The ADX indicator suggests a rising trend. It also indicates potential for significant momentum.
It is a bullish signal if the MACD indicator displays the fast and slower lines rising above the 0 mark on a 4-hour chart.
Conclusion: NEAR Token believes that the future trend of bullishness in technical perspectives is growing. Indicators and increased buying pressure suggest that bullishness is on the rise. An entry point for bullish traders is the bullish breakout of a symmetrical Triangle in the Daily Chart.
Support – $6.5 or $7.75
Resistance – $9.1 and $10.5