- If the NEAR price closes above the level of $1.22 on a daily basis, it can continue its upward movement.
- The important resistance level for NEAR is $1.40, and if it maintains its stability above this level, there is further potential for an increase.
- The important support range that NEAR investors should follow is between $1.22 and $1.05, and movements above this range may indicate the continuation of the upward trend.
When examining the technical chart of NEAR, horizontal movements in the support zone were observed in the last 2 days. Daily closings above the mentioned levels increase the potential for an increase in the NEAR price.
Medium-Term NEAR Price Analysis
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.
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.
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.
However, this requires making daily closings above the mentioned resistance levels first.
