$NEAR /USDT Showing Sideways Movement Around Middle Bollinger Band
Hey everyone,
Let's take a look at the $NEAR /USDT chart. The current price of Near Protocol is at $2.519, showing a slight decrease of -2.40% today.
Looking at the last 24 hours, NEAR ranged from a Low of $2.502 to a High of $2.635. The 24h Volume stands at 7.25M NEAR, which is equivalent to 18.58M in USDT.
The chart indicates that NEAR is currently trading sideways and oscillating around the middle Bollinger Band. This suggests a lack of strong directional momentum at the moment, with the price finding equilibrium between buyers and sellers. The upper and lower Bollinger Bands could act as potential resistance and support levels, respectively.
Traders might be waiting for a clear break above the upper Bollinger Band or a breakdown below the lower band to gain more conviction on the next price direction. The MACD indicator at the bottom is also hovering around the zero line, further suggesting indecision.
Key points to observe:
Resistance: The upper Bollinger Band and the 24-hour high of $2.635 are potential resistance levels.
Support: The lower Bollinger Band and the 24-hour low of $2.502 are potential support levels.
Indicator: The price movement around the middle Bollinger Band and the MACD near zero suggest sideways consolidation.
What are your thoughts on Near Protocol's current movement? Do you anticipate a breakout from the Bollinger Bands soon, or will this sideways action continue? Share your analysis!
