🚀 Fundamental Information
- Current price: $4.37
- Market capitalization: $5.31 billion USD
- 24h trading volume: $344.6 million USD
- Circulating supply: 1,217 million NEAR
- ATH (all-time high): $20.44 (January 2022)
- ATL (all-time low): $0.53 (November 2020)
- 24h change: +0.6%
---
📈 Trend and Technical Analysis
- Short-term trend: NEAR has seen a slight increase of 0.6% in the past 24 hours, indicating a short-term recovery. However, NEAR is still trading significantly lower than its all-time high, indicating that long-term selling pressure remains.
- Long-term trend: NEAR has decreased nearly 78.6% from its all-time high and may currently be in an accumulation phase. Maintaining above the support level of $4.3 will be crucial for NEAR to begin a growth trend in the near future.
---
🔍 Key Technical Indicators
- SMA & EMA: NEAR is currently trading near short-term moving averages, signaling that the market is trending sideways. If NEAR breaks above these lines with high volume, there may be a breakout signal.
- RSI (Relative Strength Index): The RSI is at an average level, not in the overbought or oversold zone, indicating a balanced market. If the RSI rises to the 70 level, this will be a positive signal for the upward trend.
- MACD: The MACD indicator is in the positive zone but lacks strong signals. If the MACD crosses above the signal line, this could be a sign of a short-term recovery.
---
💰 Volume Analysis and Market Sentiment
- Trading volume: Trading volume is relatively high, reflecting interest from investors. If volume continues to maintain and increase as prices break through resistance levels, it could confirm a new upward trend.
- Market sentiment: Current investor sentiment is still quite cautious, especially as NEAR's price is much lower than its all-time high. An increase in trading volume alongside rising prices could create momentum for more optimistic sentiment.
---
🕯️ Candlestick Analysis and Price Patterns
- Candlestick pattern: Recent candles show slight fluctuations, indicating that the market lacks clear momentum. If a bullish candlestick pattern like 'bullish engulfing' appears, it will be a good signal for the short-term recovery.
- Support and Resistance: The current key support level is $4.3. The next strong resistance level is $5. If NEAR can surpass this level, it could trigger a stronger upward trend.
---
📊 Conclusion and Assessment
NEAR Protocol is currently in an accumulation phase with a trend fluctuating around the $4.3 - $4.5 range. If NEAR breaks through the resistance level of $5 with high trading volume, a short-term recovery can be expected. Investors should monitor resistance levels and technical indicators to make informed decisions.
