NEAR Technical Analysis
NEAR closed above the descending channel pattern on April 25, suggesting that the downtrend may be coming to an end.
However, the bears are not giving up yet and are selling near the nearest resistance at $7.70. If the price dips back inside the channel, it will indicate that the breakout could be a bull trap. This could drag the price down to $5.90.
Conversely, if the price breaks above $7.70, it will indicate that bulls have the upper hand. Subsequently, the NEAR/USDT pair is likely to attempt a rally to $9, where the bears are likely to mount a solid defense.
Both moving averages are sloping up and the RSI is in the positive territory, which shows a slight advantage to the bulls. Buyers might face selling in the $7.70 to $8.10 range, but if they succeed in breaking out, the upside could be as high as $9.
This bullish view will be invalidated in the near term if the price turns down and breaks below $6.60. Such a move will indicate that the bears continue to sell on the easing rallies. The pair can subsequently drop to $5.90.
AR Technology Analysis
AR rose above both moving averages on April 25, which suggests that the bulls are attempting a comeback.
The bears tried to pull the price back but the bulls bought the dip to the 20-day EMA ($32.19) on April 27. This shows a shift in sentiment from selling on gains to buying on declines. There is a minor resistance at $40 but if it is crossed, the AR/USDT pair could rise to the strong resistance at $47.52.
If the bears want to stall the rally, they will have to quickly pull the price back below the 20-day EMA. If they do so, the pair can drop to $22.
The pair is showing the formation of an inverse head and shoulders pattern, which will complete on a breakout and close above the neckline. If that happens, the pair is likely to move towards the pattern’s target objective of $50.
Conversely, if the price fails to sustain above the neckline, it will indicate exhaustion of demand at higher levels. The pair is likely to subsequently drop to the critical support of $30. A break below this level will tilt the advantage in favor of the bears.
CORE technical analysis
CORE found support from the 20-day EMA ($2.23) twice in the past few days, indicating positive sentiment.
If the price rebounds from the current levels and breaks out of $2.91, it will indicate that bulls are back in command. The CORE/USDT pair is then likely to gain momentum and rally to $4.
Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will suggest that the bears are not ready to give up. This could open the doors for a drop to the 50-day SMA ($1.72).
The 4-hour chart shows that the pair is range-bound between $1.83 and $2.91. Both the flat moving averages and the RSI close to the midpoint do not give a clear advantage to the bulls and bears.
If the price breaks out of the moving averages, the bulls will try to push the pair to $2.91. The bears are expected to defend this level vigorously as a breakout above it is likely to spark a fresh increase.
Conversely, if the price turns down and breaks below $2.10, the pair could drop to the strong support at $1.83.
BONK Technical Analysis
BONK rose above the moving averages on April 23, suggesting that the pullback may be coming to an end.
The bears are trying to drag the price below the moving averages but the bulls are maintaining their stance. This shows that the bulls are trying to turn the moving averages into support. If the price rebounds from the current levels and breaks out of $0.000030, the BONK/USDT pair will complete an inverse H&S pattern. A sample target for this bullish setup is $0.000048.
However, the bears might have other plans. They will try to sink the price below the moving averages and gain the upper hand. If successful, the pair could drop to $0.000019 and then to $0.000015.
The 4-hour chart shows that the bulls are facing stiff resistance at $0.000030. The bears will try to consolidate their positions by dragging the price below the moving averages. If they do so, the pair will complete the H&S pattern and drop to $0.000019.
On the other hand, if the price turns up from the current levels or from the 50-day SMA, it will suggest that the bulls continue to buy on dips. A breakout and close above $0.000030 will be the first sign of strength. The pair can then move up to $0.000036.
(Personal opinion, not a recommendation)
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