- The weekly technical chart of NEAR highlights the critical support levels of the range 1.07$ – 0.875$.
- Maintaining these support levels can increase the potential for an upward movement in the near future.
- The 4-hour technical chart of NEAR shows that it can initiate an upward trend after the price movement in the orange zone.
Upon examining the weekly technical chart of NEAR, it can be seen that the range of 1.07$ – 0.875$ is critical support levels. It is indicated that if these levels are maintained, an upward movement may begin in the near future.
Medium-Term NEAR Price Analysis
1 Week NEAR/USD Price ChartUpon examining the weekly technical chart of NEAR, it can be seen that the levels of 1.07$ – 0.875$ indicated as critical price support are important. If a decrease occurs to these support levels, there is potential for an upward movement in the near future.
The strong buying demand from the 1.07$ support in the previous decline pushed the price to the level of 1.18 dollars. If it can stay above the support of 1.07$, it can potentially rise towards the next target of 1.60$ resistance level.
NEAR investors should protect their investments by paying attention to the mentioned zones. If the NEAR price can close above the level of 1.60$, the next resistance level of 1.88 dollars may form as a target.
Short-Term NEAR Analysis
Upon examining the 4-hour technical chart of NEAR, it can be observed that after a price movement in the mentioned orange zone, an upward trend may begin. If the NEAR price successfully initiates the upward movement after touching the orange support zone, it can aim to reach the level of 1.26 dollars.
However, if NEAR performs 4-hour candle closures below the level of 1.12 dollars, it can potentially extend the downward trend towards the first target of 1.092 dollars. If closures below 1.092 dollars continue, the downward movement can progress towards the 1 dollar level.
NEAR investors can consider evaluating upward trades by using the closure below 1.12 dollars as a stop level if they observe buying reactions from the orange zone.
