NEAR was one of the rare cryptos that could see its ATH during the bear market starting from november 2021.
However, it finished like other ones when losing 85% of values from its ATH. A very disapointed result after such great performances.
Today, prices are almost at the longterm weekly trendline and have almost stable these days. Is is sleeping? No, I don't think so.
The fundamental data show that NEAR would make interesting moves the next weeks.
One of them is that the daily active addresses had made a jump of 10 times in mid September. Daily transactions has increased 50% since then. Moreover, developpers of NEAR ecosystems are among the most active ones in term of number of commits (top 4).
As usual, my proposed TPs and SL are in chart.
All the best!
However, it finished like other ones when losing 85% of values from its ATH. A very disapointed result after such great performances.
Today, prices are almost at the longterm weekly trendline and have almost stable these days. Is is sleeping? No, I don't think so.
The fundamental data show that NEAR would make interesting moves the next weeks.
One of them is that the daily active addresses had made a jump of 10 times in mid September. Daily transactions has increased 50% since then. Moreover, developpers of NEAR ecosystems are among the most active ones in term of number of commits (top 4).
As usual, my proposed TPs and SL are in chart.
All the best!
Trade closed manually:
NEAR broke the trendline with 1W candle.
The downtrend is more likely now.
The downtrend is more likely now.
