Price trend of $NEAR coin (analysis on January 27)

The NEAR coin market is showing good signs that the price has a chance to rise soon, as the bullish momentum is taking control and pushing the price higher.

The important analytical tool Stochastic Oscillator, one of the indicators, is showing values ​​of 50.57 and 45.10, which means that the market is still bullish. But there is still a tendency to adjust upwards in the future. In addition, the 9-day moving average (SMA), which is at $5.21, is helping to prevent the price from falling further. These signals indicate that NEAR /USD is about to break through the upper leg, which means that the price has a chance to rise higher. It shows that the values ​​of 50.57 and 45.10, which mean that the market is still bullish but there is still a tendency to adjust upwards in the future.

Important price ranges to watch out for:

Resistance: - A price level that may make it difficult for the price to continue rising in the initial period.

  • $6.490

  • $8.250

  • $8.520

Acceptance: Price level where price is expected to not fall below this easily. Daily chart analysis

  • $4.300

  • $3.070

  • $2.450

Daily chart analysis

Looking at the daily chart of NEAR, it can be seen that the price is in a more clear uptrend.

  • The price gained momentum from a strong support level at $4.3, which is where the price has recently rebounded.

  • Another eye-catching level is the 61.8% Fibonacci Retracement at $5,320, which is a temporary resistance level for the market.

  • If the price can break through this level, the next target is $5.88 and if it breaks through this point without much resistance, the price could go as high as $6.49.

What does the future hold for $NEAR ?

There is a chance that NEAR will rise to $6.49 and possibly even $7 if buying power continues to grow.

·       Important support level: The $4.30 level is a very strong support level, if the price remains above this level, the uptrend will continue.

·       Buying opportunity: If the price drops back to $5.320, it could be a good entry point before the price goes up again.

Latest statistics for $NEAR coins:

Current price:

·       Market Cap: $5.77 billion.

·       Trading Volume: $237.42 million

The Near coin market is showing signs of strength and from the current market pattern, there is a chance that the price will grow significantly in the near future.

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