$NEAR Protocol trading suggestions👇
1. Short-term Momentum Play
With NEAR down about 5.79% in the last 24 hours and hitting its 30-day low at $3.92, you could consider a short-term trade based on a potential bounce. If NEAR's price shows signs of support around this level, a short-term buying opportunity may arise.
However, observe if it continues to fall toward the $3.90-$3.80 range, as further dips could signal continued downward momentum.
2. Volume Analysis
The 24h volume has increased by 17.16% to $239.86 million, suggesting that despite the price drop, trading activity is up. Higher volume on a downtrend may indicate continued sell pressure, but if you observe volume surges while the price stabilizes, it could hint at buyers stepping in to support the price.
3. Risk Management with Historical Levels
With NEAR currently trading around -80.65% from its all-time high of $20.42, it could be tempting for a long-term accumulation if you believe in the protocol’s fundamentals. However, given the recent downtrend, set stop-loss orders slightly below recent support levels to manage risk.
Alternatively, setting buy orders incrementally lower (e.g., every $0.10-$0.20 drop) might let you dollar-cost-average in if it continues to slide.
4. Watch for Breakouts Above $4.25 or $5.00 Resistance
👉$4.25 has been a recent high, and a breakout above this point could signal a bullish reversal for the short term.
👉If NEAR surpasses $5.00 (the recent 30-day high), it may be headed back toward its prior trading range, which could be an entry point for a medium-term hold.
5. Long-Term Investment
If you’re considering NEAR for the long term, keep an eye on updates to the project, partnerships, and protocol developments. Given its +193.0% performance over the past year, it has shown resilience and potential for growth.
#NEARToken $NEAR