NEAR Price Forecast: When Will the Bullish Movement Begin? August 11 NEAR Analysis

• Support and Resistance Levels: If the price closes below the 1.32$ level in the 4-hour timeframe, a drop to the 1.267$ levels may occur.
• Upside Targets: If the NEAR price experiences a drop in the support range of 1.267$ – 1.284$ and starts an upward movement, the first target could be the 1.32$ level.
• Daily Chart Overview: If the price drops to the support zone of 1.283$ – 1.229$ in the coming days, it may initiate an upward movement and reach the 1.66$ levels.

When examining the 4-hour and daily technical charts of the NEAR token, it is observed that the price is moving close to important support and resistance levels. If the price moves above or below the specified supports, future upward or downward movements may take shape.

Medium-Term NEAR Analysis

When examining the daily technical chart of NEAR, it is seen that the price is moving close to the support range of 1.283$ – 1.229$. If the NEAR price drops to the support zone of 1.283$ – 1.229$ in the coming days, it may initiate an upward movement and reach the 1.66$ levels.

If NEAR whales engage in strong buying activities in the support range of 1.283$ – 1.229$, they may aim to initiate an upward trend from these levels. However, if the NEAR price drops below the support range of 1.283$ – 1.229$ and closes daily candles below the 1.15$ level, it can be considered as a stop level for spot investors.

If the NEAR price starts its upward movement from the specified support levels, the first resistance level to watch is 1.40$. If the price closes daily candles above the 1.40$ level, the next target could be the 1.66$ level. Therefore, NEAR investors should carefully monitor the specified support and resistance levels.

Short-Term NEAR Price Analysis

When examining the 4-hour technical chart of the NEAR token, it is observed that the price is moving close to the 1.32$ support level. If the NEAR price closes 4-hour candles below the 1.32$ level, a downward movement towards the 1.267$ levels may be observed.

The NEAR coin has significant long liquidity at the 1.267$ level. After the price stops its long transactions at the 1.267$ level, it may turn towards an upward movement again.

If the NEAR price initiates an upward movement after experiencing a drop in the support range of 1.267$ – 1.284$, the first target could be the 1.32$ level. Then, while the 1.38$ level becomes the target, for a further rise, it will need to surpass the 1.44$ resistance mentioned in the analysis and reach the 1.55$ level.

As long as the NEAR price maintains its 4-hour candle closes above the 1.32$ level, it tends to maintain the upward trend. In this case, the price can rise to the 1.38$ level first, and then to the 1.44$ levels.