Near Protocol (NEAR) price is trading with a bullish bias, with a sustained series of higher highs since the last week of January.
Near Protocol price is up almost 10% as sidelined and late traders join investors in looking for the next entry.
could provide another buying opportunity at the 50% Fibonacci retracement level of $3.34. A break and close below the 50-day SMA at $3.13 would invalidate the bullish thesis. Near Protocol price is trading with a bullish bias, with a sustained series of higher highs since the last week of January. With investors groping for discounted entry points,
could correct before the next leg up. Also Read: NearProtocol Price Forecast: kicks starts its 100% bounce Near Protocol price to provide another buying opportunity Near Protocol price is up almost 10% to trade for $3.73 at press time, with early profit booking already underway indicted by the Japanese red candlestick on Sunday. With the Relative Strength Index dropping, signifying falling momentum, Near Protocol price could drop a maximum of 10% to provide another buy opportunity around the 50% Fibonacci retracement level of $3.34.
/USDT 1-day chart On the other hand, if the Near Protocol price descends below the 50-day Simple Moving Average at $3.13, it would not only invalidate the bullish thesis, but also clear the clog for an extended fall. The next likely support would be due to the 100-day SMA at $2.91, or in a dire case, extend to the foot of the market range at $2.06, levels last tested on December 18.
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