When examining the technical chart of NEAR, horizontal movements in the support zone were observed in the last 2 days. The NEAR price gave a 5% rise reaction from its daily support and traded around $1.27.
If the NEAR price continues to make daily candlestick closings above the mentioned level of $1.22 as stated in the analysis, it can continue its upward movement towards the next important resistance level of $1.40.
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If the NEAR price maintains its stability by making daily closings above the level of $1.40, the next upward target can be determined as $1.669.
The important support range that NEAR investors should pay attention to is $1.22 – $1.05. If the NEAR price stays above this support range, it can initiate the upward trend from this zone.
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However, if NEAR makes daily closings below the level of $1.05, it can extend the downward movement to the levels of $0.87.
If NEAR makes daily closings above the trend line in the descending triangle structure mentioned in the analysis, it can realize the upward movement up to the range of $1.92 – $2.14.
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However, this requires making daily closings above the mentioned resistance levels first.
