NEAR Price Could Drop To $3 If This Bearish Pattern Continues
Since its launch in October 2020, the NEAR token has endured adversity. With the current market at one of its lowest point in history, NEAR could become a bit flaky.
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Since its launch in October 2020, the NEAR token has endured adversity. With the current market at one of its lowest point in history, NEAR could become a bit flaky.
The NEAR price chart shows a head and shoulder pattern in action, leading the current correction rally to an even lower level. The neckline for this pattern is the $3.75 mark which has been supporting the coin buyers since last month.
NEAR Protocol is introducing the first Protocol Working Group meeting to discuss the latest enhancement proposals for the network. This group will contribute to the future of NEAR and will be active in developments.
Introduction In a nutshell, cryptocurrency is decentralized digital money based on blockchain technology. The most well-known cryptocurrency, Bitcoin, was introduced to the public in 2009, and thousands of other cryptocurrencies have emerged since then.
$NEAR, which is the native utility token of the NEAR network (formerly known as “Near Protocol”), is set to start trading on Coinbase. Here is what Binance Research said about NEAR back in October 2020: “NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today's web.
NEAR Protocol has been experiencing a sharp change in fortunes. The social activity on NEAR Protocol has been a glaring indication of rising activity.
The price of Near Protocol (NEAR) showed bullish signs of going higher to a region of $6-$7, but the price was rejected back to its support area, where it has found high demand for its price. Bitcoin (BTC) and Ethereum (ETH) all saw a relief bounce from their monthly low, leading to altcoins like Near Protocol (NEAR) having a measure of relief bounce.
Near Protocol (NEAR) is showing some short-term bullish signs, but the long-term trend remains bearish unless a crucial resistance level is reclaimed. The post Near Protocol (NEAR) Sends Mixed Signals After Failing to Reclaim Resistance Level appeared first on BeInCrypto.
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The Near Protocol (NEAR) price shows an 8% jump from $3.75, putting a break in the prevailing downtrend and increasing the chance of a trend reversal. However, higher price rejection in the daily candle limits the bullish possibility and warns of a price fall.
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