Here’s my analysis and view for the price of Near for Sunday 11:59pm UTC.
My analysis is drawn from the NEARUSDT 1D chart. The methodology here is purely price action analysis. The channel lines show that the overall condition and trend is bearish. The higher highs of the chart pattern from the ATH and the next high are steeply apart by just $0.8.
From the price action here, since price couldn’t break beyond the initial high at $20.6, it’s clear that price will remain bearish for quite some time.
For the next week, price will move up to $7-9 levels to liquidate shorts before continuing the bearish trend.
My prediction is a price of $6.4 by the end of Sunday 11:59pm UTC.
My analysis is drawn from the NEARUSDT 1D chart. The methodology here is purely price action analysis. The channel lines show that the overall condition and trend is bearish. The higher highs of the chart pattern from the ATH and the next high are steeply apart by just $0.8.
From the price action here, since price couldn’t break beyond the initial high at $20.6, it’s clear that price will remain bearish for quite some time.
For the next week, price will move up to $7-9 levels to liquidate shorts before continuing the bearish trend.
My prediction is a price of $6.4 by the end of Sunday 11:59pm UTC.
