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NEAR Protocol (NEAR)
NEAR Protocol (NEAR)
NEAR Protocol is the leading Artificial Intelligence cryptocurrency with a market capitalization of $4.09 Billion. It is a layer one blockchain that uses Nightshade technology to improve transaction throughput massively. It was designed to eliminate blockchain limitations like low transaction speed, low throughput and poor interoperability.
Moreover, the daily chart highlights the formation of a declining parallel channel pattern with NEAR price hovering close to the lower boundary of the channel. The transaction volume has surged by 32.1% to $190.96 Million a day suggesting a heightened demand.
The long term trend outlook is bearish at the moment. However, the price hovers near the demand zone of $3.5 level from where some short term buying may be triggered. Also, the price hovers near the lower boundary of the channel from where a short term buying is likely.
On the higher side, the 50 day EMA at $4.45 may act as a hurdle for the buyers if a recovery triggers from the low.
NEAR Protocol is the leading Artificial Intelligence cryptocurrency with a market capitalization of $4.09 Billion. It is a layer one blockchain that uses Nightshade technology to improve transaction throughput massively. It was designed to eliminate blockchain limitations like low transaction speed, low throughput and poor interoperability.
Moreover, the daily chart highlights the formation of a declining parallel channel pattern with NEAR price hovering close to the lower boundary of the channel. The transaction volume has surged by 32.1% to $190.96 Million a day suggesting a heightened demand.
The long term trend outlook is bearish at the moment. However, the price hovers near the demand zone of $3.5 level from where some short term buying may be triggered. Also, the price hovers near the lower boundary of the channel from where a short term buying is likely.
On the higher side, the 50 day EMA at $4.45 may act as a hurdle for the buyers if a recovery triggers from the low.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.