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NewsBTC 2022-08-31 15:21:04

TA- Near Protocol Struggles With Resistance, Can Bulls Push Price To $6?

The price of Near Protocol (NEAR) showed bullish signs of going higher to a region of $6-$7, but the price was rejected back to its support area, where it has found high demand for its price. Bitcoin (BTC) and Ethereum (ETH) all saw a relief bounce from their monthly low, leading to altcoins like Near Protocol (NEAR) having a measure of relief bounce. (Data from Binance) Related Reading: This Indicator Predicts Probable Bearish Trend Ahead For Ethereum Near Protocol (NEAR) Price Analysis On The Weekly Chart The price of NEAR showed some great bullish strength after breaking above its weekly resistance of $4.7 and traded to a high of $5.9 before seeing a rejection back to its key support area. NEAR’s price has again shown bullish strength after closing the week, looking bearish on the weekly chart. The price of NEAR is currently trading below a key resistance on the weekly timeframe; NEAR needs to break this resistance with good volume to have a chance of trending higher to a region of $6 and possibly $7. Weekly resistance for the price of NEAR – $4.7,$6. Weekly support for the price of NEAR – $3. Price Analysis Of NEAR On The Daily (1D) Chart The price of NEAR found its daily low at $3.7, forming good support as the price bounced off the area. NEAR price has rallied to a region of $4.7, where it has been faced with resistance to breaking above for the price of NEAR to trend to higher heights. Despite being rejected...

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