NEAR COIN IS TRADING AT A DISCOUNT: READ THE ANALYSIS
NEAR Protocol is a blockchain platform designed to be super fast, low-cost, and developer-friendly. It supports decentralized apps (dApps) like Ethereum but tries to be easier to use and scale. Its native cryptocurrency is called NEAR.
This article will focus on the technical analysis of NEAR coin, exploring its potential price movements in the coming month and emphasizing the importance of reacting quickly to opportunities and discounted entries.
GENERAL VIEW ON THE CHART 📈
On the Monthly time frame you could see the coin trading on strong demand area which has served as previous buy at 2021-2022 from area around 2.5$-towards almost 20$+
Market has now entered the area again ❤️❤️🔥📈
Let zoom out for a clear view and a confirmation ❤️🎯
The market is trading on a strong demand area as shown on my screen and then from the candle ❤️🔥 it is closing with a strong rejection at the area
pay attention to how the candle is closing on monthly time frame even though 3 days left to close 🎯
Currently it is trading at 2.5$
I believe that in a long term we could see 7.5$-8$ where investors can decide to take profit just as shown on my screen