If you are hunting for deals in the crypto market, NEAR might be the āsuper productā for you at its current extremely low price! But wait, let me analyze it more clearly before you FOMO.
1. Current NEAR price:
ā¢ Price: $4.11
ā¢ Sharp drop: -12.59% in the last 24 hours! š±
ā¢ All-time high (ATH): $20.44 (remember January 2022?)
Now the price is down almost 80%!
ā¢ Trading volume: $371.73 million in 24 hours ā There are still many buyers and sellers, don't think NEAR is "dead".
2. Should we buy at the bottom?
ā¢ RSI: 35 ā Near the oversold zone, this means that NEAR is being sold off quite a lot. There is a possibility of a slight recovery, whoever catches it will make a small profit in the short term.
ā¢ MACD: Still below the signal line, but if it crosses up soon, a small rally could start.
ā¢ Bollinger Bands: NEAR price is close to the lower band, it can bounce up, but it is not a sure signal, watch out for the next correction!
3. Market Psychology ā Should You Buy Now?
With a 12.59% drop in the last 24 hours, the crowd may be a bit worried, but this is a golden opportunity for those who believe in the long-term project. NEAR is still in the top 25 with a capitalization of $5 billion USD, not a small fish!
š” Tips for cautious Gen Z: If you like the feeling of bottom fishing and believe that NEAR will recover, this price is quite good to enter. But don't forget to set a stop-loss around $3.90 in case the price continues to fall. And if the price rebounds, take-profit at $4.50 - $4.70 is nice!
4. What about long term?
NEAR is building a super strong DeFi and dApp ecosystem, so if you are a long-term hodl who believes in the future of blockchain, accumulating NEAR now can be very fruitful. Not only are there bridges like Rainbow Bridge, but the ecosystem is also expanding.
But remember, never go all-in! Always stick to your strategy and manage your money carefully.
Summary: NEAR ā Should we buy at the bottom or wait?
If you are a fan of rallies, NEAR could be a good opportunity to enter at $4.10 - $4.20. But if you are still hesitant, wait for more positive signals from the market before taking action!
š„ Comment your opinion below! Do you think NEAR will continue to fall or recover? Let's discuss!
Note: This is not financial advice, just a fun analysis for your reference!
