LIVE📌📌📌#NEAR Protocol Price #ANALYSIS as of February 7, 2024
The local downward trend on the $NEAR chart continues, with the asset trapped in a sideways range between the support zone of $2.43–$2.64 and the resistance zone of $3.07–$3.26 for three weeks.
Short-term bullish signals in #Bitcoin haven't catalyzed similar momentum for $NEAR, suggesting that further decline remains the likely path forward. Should the price break below the current resistance zone, sellers might target the $2.3 level next.
If Bitcoin's correction leads to a retest of the $40,000 mark, $NEAR could potentially drop below the psychological barrier of $2.
To reverse the bearish trend, $NEAR needs to breach the seller's barrier at $3.36 and sustain above the $3.60–$3.85 range.
