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NEAR PROTOCOL/USD TETHER

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NEARUSDT trade ideas

Navigating NEAR: Strategic Moves in a Bearish Market🔍 Let's dive into the NEAR project. NEAR Protocol is designed to be a high-performance, scalable, and user-friendly blockchain platform. It aims to empower developers and users by offering a decentralized, developer-friendly environment. This platform is well-regarded for its ease of use and scalability, making it a strong contender in the blockchain space. 📉 As observed on the chart, NEAR has experienced a sharp decline and recently broke through the significant support level at 5.163. This decline was marked by a substantial increase in volume, suggesting a strong bearish momentum. ⚠️ The RSI is currently at 30.44, indicating that NEAR is in the oversold territory. This suggests that while a short-term bounce is possible, the overall bearish trend remains dominant. The red candle with high volume might indicate a sell-off. 🔻 For a short position, the next critical level to watch is 4.5. If the price breaks below this support level with increasing sell volume, it would confirm the continuation of the bearish trend. A short position could be initiated at this point, with a stop-loss order placed above the recent high around 5.163 to manage risk. 📉 The target for the short position would be the next major support level around 2.733. Monitoring volume is crucial; if sell volume continues to rise, it reinforces the bearish outlook. 📈 A long position should be considered only after the market shows signs of forming a new structure. Given the current bearish trend, it's prudent to wait for a clear reversal signal. A potential long entry could be considered if NEAR breaks above the key resistance level at 8.507 on the daily timeframe, confirmed by increasing buy volume. 🛠️ Patience is key here. Wait for the price to build a solid market structure and break above the mentioned resistance before considering a long position. Setting a stop-loss order below the recent low would be a prudent risk management strategy. 📝 In conclusion, NEAR is currently exhibiting strong bearish signals. For short positions, wait for a break below 4.5 with high sell volume. For long positions, patience is essential until a clear reversal and market structure form, with a potential entry on a break above 8.507. Always monitor RSI and volume indicators closely to confirm momentum shifts and manage risk appropriately in volatile market conditions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
2
NEARUSDT.1DIn this technical analysis of the NEAR/USDT chart, we take a detailed look at the price movements and key indicators to forecast potential future trends. Key Observations: Current Price and Movement: NEAR is currently priced at $4.638, having suffered a significant daily loss of 10.24%. Support and Resistance Levels: R1 (Resistance Level 1): $5.849 - This level marks the immediate upward target if the price recovers. R2 (Resistance Level 2): Higher resistance levels are not shown but would be the next focal point if R1 is breached. S1 (Support Level 1): $4.253 - This is a critical support level that may prevent further price decline. S2 (Support Level 2): Lower than S1, this level could serve as a further buffer against additional losses. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, indicating bearish momentum. RSI (Relative Strength Index): The RSI is at 24.47, significantly undershooting the neutral 50 mark, suggesting strong bearish momentum and potential oversold conditions. Analysis and Conclusion: The NEAR/USDT trading pair is currently in a bearish phase, as evidenced by the recent sharp decline in price and the bearish indicators from both MACD and RSI. The RSI's position suggests that the asset may be approaching oversold territory, which could potentially lead to a short-term rebound if buyers perceive it as an entry point. The key level to watch in the short term is S1 at $4.253. If this level holds, it could stabilize the price, allowing for potential recovery toward R1 at $5.849. However, a break below S1 could intensify selling pressure, pushing the price towards S2, which would need to be closely monitored for further declines. In summary, NEAR/USDT is at a critical juncture, with current indicators pointing towards continued bearishness but with potential for a reversal if support levels hold strong. Traders should keep an eye on the aforementioned support and resistance levels, and consider the oversold conditions as a possible catalyst for a bounce back. As always, it's crucial to consider external market factors and updates within the NEAR ecosystem which could influence price movements. Proper risk management and real-time monitoring remain essential for navigating this volatile market.
Long
by MarsSignals
1
$$$ NEARUSDT, Trend continuation trading opportunityWelcome, Trader. Welcome to our cryptocurrency community! We are going to discussing #NEARUSDT 💹 #NEARUSDT 🔥🚀 --------------- Update: #NEAR was moving up followed by the trend line on 8 Hr time frame 👉✅. It retest and now standing on the major support and testing the support as well✌😉 If it bounce from this support, We are expecting a minimum of 46% move very soon📈👀 Crypto Analyst Hub #crypto #cryptocurrency #bitcoin #ethereum #blockchain #btc #cryptotrading #cryptonews #eth #cryptocurrencies #nft #bitcoinnews #bitcoins #trading #bitcoinmining #forex #binance #cryptoart #nfts#trading #forex #trader #investing #stocks #forextrader #stockmarket #daytrader #forextrading #invest #bitcoin #daytrading #cryptocurrency #crypto #investor #investment #forexsignals #nse #chartpattern #cedarforex #candlepatterns #learntrading #bseinstitute #shorttermtrade #bankniftytrading #stockmarketph #calloptions #mqlsignal #futuretrader #tradingmemes #chartpatterns #tradingview #tradinglife #tradinglifestyle #tradingstrategy #tradingtips #tradingplan #tradingsignals #tradingaccounts #tradingsignal #tradingforex #tradingsync #tradingroom #litecoin #ethereum #bitcoincash #cryptocurrencies #ripple #btc #bitcoinnews #bitcoinmining #blockchain #eth #bitcoin #bitcoins #coinbase #cryptocurrency #crypto #bitcointrading #dogecoin BTC ETH USDT PEPE DOGE
Long
by CryptoAnalystHub
NEARUSDT - UniverseMetta - Analysis#NEARUSDT - UniverseMetta - Analysis On W1, the price is in a potential 5th wave, which may indicate a continuation of the upward movement. This scenario will be realized after breaking through the triangle trend line, which will potentially give the price the opportunity to start moving towards the targets of $11-12. You can also observe that the price is near the lower border on D1, from which you can start looking for an entry point with local goals to the upper border of $8-9. The best way is to wait for the 3-wave structure to confirm the start of the upward movement. In anticipation of news about the rate, the price can also be lowered to prices below $5 and liquidity can be collected at $4.30 and a structure can begin to form from these values. It is better to expect structure on H4 from these levels. Also, from these levels you can try to gain positions in Long. Target 8 - 12
Long
by Trade-U-Metta
Potential Short Position NEAR/USDT on the daily timeframe highlights the Wyckoff phases A, B, and C, indicating a potential short position setup. In Phase A, there is a break of structure (BOS) followed by a sign of weakness (SOW), suggesting initial bearish pressure. Phase B shows multiple tests of resistance and support levels, forming lower highs (CHoCH) and lower lows, signaling further consolidation and distribution. In Phase C, the final sign of weakness (LPSY) is evident as the upward trendline is broken, leading to a sharp decline in price towards lower support levels. The target price is set at 4.459 USDT, with a risk/reward ratio of 3.4. Key price levels include 6.029 USDT and 4.813 USDT, with a strong support zone around 2.670 USDT, making this a compelling short position opportunity.
Short
by ADSV11
NEAR: The Bearish Wave Began - More Price Decline is expectedNEAR: Two Targets Reached - More Price Decline is Expected From our previous analysis, the price reached our targets. Today NEAR is showing that it can move down more as the bearish volume is increased again during the last couple of hours. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
NEAR Protocol's Critical Moment and Ready for Bullish RallyYello! Have you been watching #NEARProtocol’s recent price action? This could be a pivotal moment and you don’t want to miss this! 💎#NEARUSDT has been moving within a descending resistance for quite some time. But recently, it broke through, making a notable upward move. Now, all eyes are on a critical retest of the $5.88 level. 💎#NEAR is currently retesting this key level. If it holds strong above the EMA, there's a high probability we'll see a bullish surge. 💎Should AMEX:NEAR maintain its position above $5.88, this level could transform into robust support, setting the stage for further upward momentum. 💎But what if it doesn't hold? If #NEAR fails to sustain above $5.88 and loses momentum, we’re eyeing a bullish rebound from the lower demand zone at $5.19. This level is packed with significant liquidity, making it a prime candidate for a strong bounce on a retest. 💎Holding above $5.19 and maintaining above the EMA is crucial. This scenario can trigger a powerful bullish move. If NEAR drops below $5.19, the bullish outlook is invalidated, likely leading to a significant price drop. Stay sharp, Paradisers. In these volatile times, disciplined trading and robust strategies are more important than ever. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
NEAR - UPDATE No doubt we are in an uptrend for BINANCE:NEARUSDT and this might just be a nested 1-2/1-2 which is super bullish reaching as far as $40. Now we are at a crossroads and if this scenario is valid from here we should se price retrace to the 50 - 78% Fibonacci level to form either wave 2-blue for the leading diagonal wave 1-blue or a deeper retracement down and out of the channel to $4.26 turning the whole process from wave 1-orange down to that point to become a Flat pattern. Overall NEAR PROTOCOL IS BULLISH There are some other scenario that are highlighted as 12345-white and or A and C-green but don't bother about it if it is to complex for you to understand, just focus on the main narrative which is the one I've explained above. The good entry/accumulation point are the highlighted Fibonacci zones as seen on the chart. There are 2 invalidation level on the chart. One is for the 12345-white and 12345-blue. If you believe in this scenario you entry should be within the first Fibonacci level and price must not cross the last swing high $4.280 while the second invalidation level is for the 12345-yellow and orange. If you believe in the 1-2/1-2 scenario. Each invalidation level depends on the type of trader you're and how much risk tolerance you trading style can tolerate. Feel free to ask question if you don't understand anything here and don't forget to react. OTHER ANALYSIS BINANCE:ACAUSDT BINANCE:PEOPLEUSDT FX:USDJPY
by DewyCandles
2
NEARUSDT.4HThe NEAR/USDT 4-hour chart shows a volatile market environment, with the price recently experiencing a significant drop and now attempting to stabilize. The current price action is hovering near the S1 support level at $5.73, which appears to be a crucial point for the market's short-term direction. Looking at the MACD, there is a slight convergence with the signal line, which could indicate a potential reversal or stabilization in bearish momentum. However, the histogram remains negative, suggesting that the bearish sentiment is still present, albeit potentially weakening. The Relative Strength Index (RSI) is near 30, which is typically considered an oversold territory. This could hint at a potential rebound if buyers start to see value at these levels, leading to increased buying pressure. Given this technical setup, if the price maintains above the S1 support level, there could be an opportunity for a bounce back towards the R1 resistance level at $7.81. This movement would be critical to watch as a sustained break above R1 could signal a stronger recovery towards R2 at $8.53. Conversely, a break below S1 might lead to further declines, intensifying the bearish outlook. Traders should closely monitor the $5.73 level for signs of either consolidation or a breakdown, which would set the tone for the next significant price move.
by MarsSignals
NEAR protocol on the WEEKLY NEAR is a project that covers all the bases. A Web3 Layer 1 with the capability for unlimited transactions per second (TPS) that's transparent and accessible to everyone. NEAR protocol has begun venturing into the AI space pushed by Co-Founder Illia Polosukhin who is an AI researcher himself, with an AI marketplace as he believes AI is one of the core verticals for the NEAR ecosystem going into the future. The near chart is a promising one for the future. Having already experienced the 2022 altseason, we can gauge where NEAR will meet resistance, and sellside pressure areas and of course previous ATH. Using Fibonacci levels combined with range quarters we can split up an otherwise daunting chart into sections of a large range. Since the rally began in the beginning of 2024 price has broken above the 0.75 line and has been retested for support, of which it held and is now key support. With BTC's rally on the recent CPI numbers, the stronger altcoins followed suit and now NEAR is targeting the MIDPOINT of the range at $10.72 (0.5 level). From then on there is a clear FVG resistance before hitting the highs. I have used the Fib levels as long term Take Profit areas, who knows how long it may take to get there or even if we get there at all. However the fundamentals of the Project are very strong, with a great team and expanding into high interest narratives like AI all add up to a very promising project. The one downside is that circulating supply is not capped and will grow at 5% each year. Therefor the tokenomics are not as favourable to investors as for example Injective INJ which has a capped at 100,000,000 coins and currently has 94% of that circulating and that limits dilution of token value. I'm very bullish on NEAR in the long run, the current LTF bearish pullback has been punishing for the majority of alts however NEAR has held up very well. The AI narrative backing it as well will surely help it progress and the accessibility of being available on all the major exchanges.
by ProR35
NEAR BULLISH 80%Near Protocol seems to have found solid support within a favorable range. With this accumulation phase, the stage appears set for a significant bullish movement. Anticipating a substantial surge, I foresee the potential for a considerable uptick ranging between 80% to 115%, translating to an impressive valuation between $13.10 to $15.70 USD. However, as always, it's crucial to conduct your own research (DYOR) and make informed decisions. Keep a keen eye on the market dynamics and Near's performance for timely actions.
Long
by Enes_Ibraimi
3
Chart Pattern Analysis Of Near From K0 to K2, It is a potential bearish evening star pattern, And K3 is trying to break down the long-term uptrend line. So, it is very likely that a Wave(C) of the week sale consolidation had started earlier from K0. If K3 close below the uptrend line, or even close below K0, It is likely that the following candles will drop to test 5.0 USDT area. Although I still optimistic about the long-term bull market of Near, It is still worth to be cautious about the potential price correction.
by nothingchangehere
NEAR can ascend further !Hi. BINANCE:NEARUSDT 😊Today, I want to analyze NEAR for you in a WEEKLY time frame so that we can have a Mid-term view of NEAR regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). NEAR is testing the s/r zone on weekly timeframe🤔 ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Chart Pattern Analysis Of Near. K2 and K3 is a bullish engulfing pattern, And the decreasing supply pressure verified a potential uptrend here. If K4 close upon the neck line under increasing volume, It will be a good place to buy it there. But, it is not safe to buy it at K3 immediately, The increasing volume of K3 means the supply pressure still at high level. K1 to K3 is a strong bullish morning star under increasing volume. It is a good signal that the short-term downtrend had been reversed here. But it must be verified by the following candles. The bullish momentum must keep strong and the demand should not decrease. The neck line is a potential good place to buy it there if the following candles successfully test it.
Long
by nothingchangehere
Chart Pattern Analysis Of Near. K3 close below the line of the wedge under increasing volume, A bearish wedge had been established. It seems that a shot-term downtrend had started earlier. It is a potential good place to short it here. I don't think this short-term downtrend will go far or even reverse the month scale bull market. It is just a potential Wave(C) of a month scale consolidation. If the following candles stay upon the o.5fib line or even close upon K3, It will likely reverse the short-term downtrend. Short-7.8/Stop-7.9/Target-6.0
Short
by nothingchangehere