- The NEAR price is currently exhibiting horizontal movements within the 3-hour support zone. If it continues to close above the $1.33 level on a 3-hour basis, it can sustain the upward trend up to $1.439.
- If it achieves sustained closures above the $1.439 level, the NEAR price can aim to continue its rise up to $1.55. However, it first needs to show a strong upward movement from the $1.35 – $1.33 support range.
- If it experiences a drop within the mentioned support range of $1.283 – $1.229 in the analysis, the NEAR price can present a significant buying opportunity for spot investors.
According to the NEAR price analysis, NEAR continues its horizontal movements within the 3-hour support zone. If the price firmly holds above the $1.33 level, the upward trend can continue up to $1.439.
Medium-Term NEAR Price Analysis
Daily NEAR/USD Price Chart
If the NEAR price experiences a drop within the mentioned support range of $1.283 – $1.229, it can present a significant buying opportunity for spot investors. Despite maintaining a downward trend for a long time, Coinotag analysts predict that NEAR will initiate an upward movement from the $1.283 support.
If the NEAR price encounters strong buying demand within the $1.283 – $1.229 levels, it can aim for the first resistance at $1.66 and then continue its rise up to the $2.033 resistance. However, for NEAR to reach the $2.033 resistance, it needs to achieve daily candle closures above the $1.66 resistance level.
On the other hand, if the NEAR price achieves daily candle closures below the mentioned $1.229 level, it can extend the downward movement to around $1.148. For NEAR to initiate an upward trend, it is important to avoid daily candle closures below the $1.229 support.
Short-Term NEAR Price Analysis
3-Hour NEAR/USD Price Chart
The NEAR price is currently exhibiting horizontal movements within the 3-hour support zone. If the NEAR price continues to close above the $1.33 level on a 3-hour basis, it can continue the upward trend from this range up to $1.439.
However, if the NEAR price manages to achieve sustained closures above the $1.439 level on a 3-hour basis, it can aim to continue the upward movement up to $1.55. First, NEAR needs to show a strong upward movement from the $1.35 – $1.33 support range.
If the NEAR price achieves 3-hour candle closures below the $1.33 level, it can extend the downward movement to around $1.284 as mentioned in the analysis. The NEAR price can experience a drop below the $1.284 level and move towards the $1.268 level to stop long positions.
