• The trading volume of NEAR Coin in the last 24hr at the time of writing is +154%
• The price of NEAR/BTC and NEAR/ETH at the time of writing this article is 0.0001917 BTC and 0.002845 ETH
• The 20MA line also crossed 50MA giving a golden cross

Long term view:-

In the daily time interval, we can see the price is above the resistance level with the help of a vast bullish move. This huge bullish move is because the NEAR PROTOCOL raises around 800 million dollars. Now the price is coming down after hitting resistance. Let’s have a look at the technical indicator to see if the price will go above the resistance level or head towards the support. First, we can see the MACD, which is showing green histograms meaning the MACD line is above the signal line, and there is no sign that the lines will change their direction. In addition to that, we can see the RSI is in the overbought zone of 74, and now the RSI line is pointing towards the oversold zone, which means the bears have taken control of the price. Lastly, we can see the Moving average as the 20MA is above the 50MA and both of the MA is above the 100MA. 

Short term view:-

In the 4hr time interval, we can see the RSI is in the overbought zone of 70 near 77, which means the coin is overbought, and now it is time to correct it. The RSI line points sideways, which means the bulls and bears are giving each other a good fight. In addition to that, the MACD is showing a green histogram as the MACD line is above the signal line, and there is no sign that the lines will change their direction. Lastly, we can see the Moving average as the 20MA is above the 50MA and both 20MA and 50MA is above the 100MA, which is a good sign.

CONCLUSION:-

Looking at the long term and short term, we can see the NEAR price is going bearish but can bounce back from the support. If there is a good amount of volume, then the price can go up. So, for now, the price is in the consolidation period as after the bullish trend price needs to break, then it can again try to break the resistance. 

RESISTANCE:-$13,$14

SUPPORT:- $11,$10